Michigan Public School Employees Retirement System (MPSERS) vs Raytheon Company Pension Plan for Salaried Employees
Side-by-side pension health comparison from DOL and public plan data
Verdict
Raytheon Company Pension Plan for Salaried Employees has a stronger Pension Health Score of 100/100 (A) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 45.7 percentage points (106.1% vs 60.4%). Raytheon Company Pension Plan for Salaried Employees covers 288,395 participants.
| Metric | Michigan Public School Employees Retirement System (MPSERS) | Raytheon Company Pension Plan for Salaried Employees |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 60.4% | 106.1%* |
| Total Assets | $54.0B | $43.8B |
| Total Liabilities | $89.4B | $41.3B* |
| Unfunded Liability | $35.4B | $0* |
| Participants | 465,000 | 288,395 |
| 1-Year Investment Return | 5.3% | 7.3%* |
| Plan Type | public | corporate |
| PBGC Risk Level | high | low |
| Sponsor | State of Michigan | RTX Corporation |
Raytheon Company Pension Plan for Salaried Employees has a stronger Pension Health Score of 100/100 (A) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 45.7 percentage points (106.1% vs 60.4%). Raytheon Company Pension Plan for Salaried Employees covers 288,395 participants.