Michigan State Employees Retirement System vs General Motors Salaried Pension Plan
Side-by-side pension health comparison from DOL and public plan data
Michigan State Employees Retirement System (C) and General Motors Salaried Pension Plan (C) are close on the LakeQuality rubric. Funding ratios sit at 62% and 71% respectively — within a few points of each other.
With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.
Verdict
Michigan State Employees Retirement System has a stronger Pension Health Score of 56/100 (C) compared to General Motors Salaried Pension Plan at 51/100 (C). Funding ratios differ by 9.7 percentage points (61.8% vs 71.5%). Michigan State Employees Retirement System covers 88,000 participants.
| Metric | Michigan State Employees Retirement System | General Motors Salaried Pension Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C)* | 51/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 61.8% | 71.5%* |
| Total Assets | $12.2B | $468.2M |
| Total Liabilities | $19.7B | $655.1M* |
| Unfunded Liability | $7.5B | $187.0M* |
| Participants | 88,000 | 3,061 |
| 1-Year Investment Return | 5.2% | 7.4%* |
| Plan Type | public | corporate |
| PBGC Risk Level | high | moderate |
| Sponsor | State of Michigan | General Motors |
Michigan State Employees Retirement System has a stronger Pension Health Score of 56/100 (C) compared to General Motors Salaried Pension Plan at 51/100 (C). Funding ratios differ by 9.7 percentage points (61.8% vs 71.5%). Michigan State Employees Retirement System covers 88,000 participants.
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