Virginia Retirement System (VRS) vs Michigan Public School Employees Retirement System (MPSERS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Virginia Retirement System (VRS) has a stronger Pension Health Score of 70/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 14.7 percentage points (75.1% vs 60.4%). Virginia Retirement System (VRS) covers 740,000 participants.
| Metric | Virginia Retirement System (VRS) | Michigan Public School Employees Retirement System (MPSERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 70/100 (B)* | 56/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 75.1%* | 60.4% |
| Total Assets | $87.0B | $54.0B |
| Total Liabilities | $115.8B | $89.4B* |
| Unfunded Liability | $28.8B* | $35.4B |
| Participants | 740,000 | 465,000 |
| 1-Year Investment Return | 6.0%* | 5.3% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | high |
| Sponsor | State of Virginia | State of Michigan |
Virginia Retirement System (VRS) has a stronger Pension Health Score of 70/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 14.7 percentage points (75.1% vs 60.4%). Virginia Retirement System (VRS) covers 740,000 participants.