Michigan Public School Employees Retirement System (MPSERS) vs University of California Retirement Plan
Side-by-side pension health comparison from DOL and public plan data
Michigan Public School Employees Retirement System (MPSERS) and University of California Retirement Plan are meaningfully apart on the LakeQuality pension-health rubric: Michigan Public School Employees Retirement System (MPSERS) grades C while University of California Retirement Plan grades B. Funding ratios: 60% vs 84%.
University of California Retirement Plan comes out ahead on the composite rubric. For a participant in either plan, the spread is informative but not directly actionable — pension participation is not portable, so the relevant question is what each plan's funded-status trajectory means for that participant's benefit security.
Verdict
University of California Retirement Plan has a stronger Pension Health Score of 78/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 23.1 percentage points (83.5% vs 60.4%). University of California Retirement Plan covers 305,000 participants.
| Metric | Michigan Public School Employees Retirement System (MPSERS) | University of California Retirement Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C) | 78/100 (B)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 60.4% | 83.5%* |
| Total Assets | $54.0B | $82.0B |
| Total Liabilities | $89.4B* | $98.2B |
| Unfunded Liability | $35.4B | $16.2B* |
| Participants | 465,000 | 305,000 |
| 1-Year Investment Return | 5.3% | 7.2%* |
| Plan Type | public | public |
| PBGC Risk Level | high | low |
| Sponsor | State of Michigan | University of California |
University of California Retirement Plan has a stronger Pension Health Score of 78/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 23.1 percentage points (83.5% vs 60.4%). University of California Retirement Plan covers 305,000 participants.