Pennsylvania Public School Employees Retirement System (PSERS) vs Michigan Public School Employees Retirement System (MPSERS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Michigan Public School Employees Retirement System (MPSERS) has a stronger Pension Health Score of 56/100 (C) compared to Pennsylvania Public School Employees Retirement System (PSERS) at 54/100 (C). Funding ratios differ by 2.6 percentage points (60.4% vs 57.8%). Michigan Public School Employees Retirement System (MPSERS) covers 465,000 participants.
| Metric | Pennsylvania Public School Employees Retirement System (PSERS) | Michigan Public School Employees Retirement System (MPSERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 54/100 (C) | 56/100 (C)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 57.8% | 60.4%* |
| Total Assets | $72.0B | $54.0B |
| Total Liabilities | $124.6B | $89.4B* |
| Unfunded Liability | $52.6B | $35.4B* |
| Participants | 518,000 | 465,000 |
| 1-Year Investment Return | 5.1% | 5.3%* |
| Plan Type | public | public |
| PBGC Risk Level | high | high |
| Sponsor | State of Pennsylvania | State of Michigan |
Michigan Public School Employees Retirement System (MPSERS) has a stronger Pension Health Score of 56/100 (C) compared to Pennsylvania Public School Employees Retirement System (PSERS) at 54/100 (C). Funding ratios differ by 2.6 percentage points (60.4% vs 57.8%). Michigan Public School Employees Retirement System (MPSERS) covers 465,000 participants.