South Carolina Retirement System 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 South Carolina Retirement System at 52/100 (C). Funding ratios differ by 5.3 percentage points (60.4% vs 55.1%). Michigan Public School Employees Retirement System (MPSERS) covers 465,000 participants.
| Metric | South Carolina Retirement System | Michigan Public School Employees Retirement System (MPSERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 52/100 (C) | 56/100 (C)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 55.1% | 60.4%* |
| Total Assets | $35.5B | $54.0B |
| Total Liabilities | $64.4B* | $89.4B |
| Unfunded Liability | $28.9B* | $35.4B |
| Participants | 575,000 | 465,000 |
| 1-Year Investment Return | 5.2% | 5.3%* |
| Plan Type | public | public |
| PBGC Risk Level | high | high |
| Sponsor | State of South Carolina | State of Michigan |
Michigan Public School Employees Retirement System (MPSERS) has a stronger Pension Health Score of 56/100 (C) compared to South Carolina Retirement System at 52/100 (C). Funding ratios differ by 5.3 percentage points (60.4% vs 55.1%). Michigan Public School Employees Retirement System (MPSERS) covers 465,000 participants.