State Data » Michigan

Major pension plans in the state

Plan Name Assets (millions) Participants Funded Ratio Percent of ARC Paid Retirement System that Administers the Plan
Michigan Municipal 11,136.9 84,574 66.0 Municipal Employees' Retirement System of Michigan
Michigan Public Schools 51,456.2 406,734 60.9 99.7 Michigan Public School Employees Retirement System
Michigan SERS 12,027.5 69,930 65.6 102.0 Michigan State Employees Retirement System
Detroit Police and Fire 2,606.0 12,523 66.6 Detroit Police and Fire Retirement System
Detroit General RS 1,759.2 19,443 60.2 Detroit Employees General Retirement System

Source: Public Plans Database (as of 2020)

Public Cost

Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2021

Fiscal Year MI US
2001 2.3 2.9
2002 2.5 3.0
2003 3.1 3.4
2004 3.4 4.2
2005 6.0 3.8
2006 4.4 3.7
2007 3.4 3.9
2008 3.6 4.2
2009 3.8 4.4
2010 4.3 4.6
2011 4.8 4.9
2012 5.5 5.0
2013 6.0 5.2
2014 6.5 5.6
2015 7.0 5.8
2016 7.3 6.1
2017 6.8 6.0
2018 10.3 6.4
2019 7.1 6.2
2020 7.2 6.6
2021 7.7 6.8

Source: Public Plans Database and Census of Governments.

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