Michigan Public School Employees Retirement System (MPSERS) vs School Employees Retirement System of Ohio (SERS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
School Employees Retirement System of Ohio (SERS) has a stronger Pension Health Score of 66/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 7.5 percentage points (67.9% vs 60.4%). School Employees Retirement System of Ohio (SERS) covers 218,000 participants.
| Metric | Michigan Public School Employees Retirement System (MPSERS) | School Employees Retirement System of Ohio (SERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C) | 66/100 (B)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 60.4% | 67.9%* |
| Total Assets | $54.0B | $16.2B |
| Total Liabilities | $89.4B | $23.9B* |
| Unfunded Liability | $35.4B | $7.7B* |
| Participants | 465,000 | 218,000 |
| 1-Year Investment Return | 5.3% | 5.3% |
| Plan Type | public | public |
| PBGC Risk Level | high | moderate |
| Sponsor | State of Michigan | State of Ohio |
School Employees Retirement System of Ohio (SERS) has a stronger Pension Health Score of 66/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 7.5 percentage points (67.9% vs 60.4%). School Employees Retirement System of Ohio (SERS) covers 218,000 participants.