Pension Plans in Michigan, Ranked by Health Score
Michigan has 8 pension plans covering 992,189 participants. The average funding ratio is 73.4%, ranking #25 among all states. 5 plans are underfunded.
Michigan has 8 pension plans in our dataset, ranked below by the LakeQuality pension-health composite. The score combines current funding ratio (50%), multi-year funding trend (30%), and PBGC risk classification (20%) into a 0-100 grade.
Top-of-list plans usually combine funded ratios at or above 90% with stable multi-year trajectories and low PBGC risk. Public-sector teacher and employee retirement systems dominate the top rankings in many states because their large asset bases support institutional investment management. Each plan below links to its full profile — multi-year funding history, participant demographics, sponsor financials where available, and the underlying factors driving the composite grade.
8
Total Plans
992,189
Participants
73.4%
Avg Funding
$115.8B
Total Assets
| # | Plan Name | Participants | Funding Ratio | Grade |
|---|---|---|---|---|
| 1 | Michigan Public School Employees Retirement System (MPSERS) | 465,000 | 60.4% | C |
| 2 | Operating Engineers Local 324 Pension Fund | 230,039 | 105.1% | A |
| 3 | Ford Motor Company Retirement Plan | 141,948 | 105.3% | A |
| 4 | Michigan State Employees Retirement System | 88,000 | 61.8% | C |
| 5 | Dow Chemical Company Employees Pension Plan | 32,746 | 93.6% | A |
| 6 | Detroit General Retirement System | 20,000 | 71.8% | B |
| 7 | General Motors Hourly-Rate Employees Pension Plan | 11,395 | 77.1% | B |
| 8 | General Motors Salaried Pension Plan | 3,061 | 71.5% | C |
Frequently Asked Questions
Michigan has 8 pension plans covering 992,189 participants, with combined assets of $115.8B against $157.9B in liabilities.
The average funding ratio across Michigan pension plans is 73.4%. 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.