Pension Plans in Michigan — Ranked by Health Score
Michigan has 8 pension plans covering 1,306,500 participants. The average funding ratio is 73.8%, ranking #25 among all states. 5 plans are underfunded.
8
Total Plans
1,306,500
Participants
73.8%
Avg Funding
$224.4B
Total Assets
| # | Plan Name | Participants | Funding Ratio | Grade |
|---|---|---|---|---|
| 1 | Michigan Public School Employees Retirement System (MPSERS) | 465,000 | 60.4% | C |
| 2 | General Motors Hourly-Rate Employees Pension Plan | 302,000 | 80.1% | B |
| 3 | Ford Motor Company Retirement Plan | 195,000 | 84.1% | A |
| 4 | General Motors Salaried Pension Plan | 165,000 | 82.2% | B |
| 5 | Michigan State Employees Retirement System | 88,000 | 61.8% | C |
| 6 | Dow Chemical Company Employees Pension Plan | 55,000 | 78.2% | B |
| 7 | Detroit General Retirement System | 20,000 | 71.8% | B |
| 8 | Operating Engineers Local 324 Pension Fund | 16,500 | 68.2% | B |
Frequently Asked Questions
Michigan has 8 pension plans covering 1,306,500 participants, with combined assets of $224.4B against $303.9B in liabilities.
The average funding ratio across Michigan pension plans is 73.8%. 5 of 8 plans (63%) are considered underfunded.
Michigan Public School Employees Retirement System (MPSERS) is the top-rated plan in Michigan with a funding ratio of 60.4% and a Pension Health Grade of C.
Plans ranked by Pension Health Score: 50% funding ratio, 30% 3-year funding trend, 20% PBGC risk level.