Municipal Employees' Retirement System of Michigan Basics, by Plan
| Plan | Assets (millions) | Total Members |
|---|---|---|
| Michigan Municipal | 10,979.7 | 85,405 |
| Other Plans | 0 | 0 |
| Total | 10,979.7 | 85,405 |
Source: Public Plans Database (as of 2022)
Note: Municipal Employees' Retirement System of Michigan has 0 other plans.
Assets
Assets at Year-End
Municipal Employees' Retirement System of Michigan
2001-2022
| Fiscal Year | Net Assets (billions) |
|---|---|
| 2001 | 3.6 |
| 2002 | 3.3 |
| 2003 | 4.1 |
| 2004 | 4.6 |
| 2005 | 4.9 |
| 2006 | 5.6 |
| 2007 | 6.1 |
| 2008 | 4.5 |
| 2009 | 5.3 |
| 2010 | 6.0 |
| 2011 | 5.9 |
| 2012 | 6.9 |
| 2013 | 7.7 |
| 2014 | 8.1 |
| 2015 | 7.9 |
| 2016 | 8.5 |
| 2017 | 9.5 |
| 2018 | 9.0 |
| 2019 | 9.9 |
| 2020 | 11.1 |
| 2021 | 12.6 |
| 2022 | 11.0 |
Membership
Ratio of Actives to Beneficiaries, 2001-2022
| Fiscal Year | Municipal Employees' Retirement System of Michigan | US State and Local Pensions |
|---|---|---|
| 2001 | 2.2 | 2.4 |
| 2002 | 2.1 | 2.3 |
| 2003 | 2.0 | 2.2 |
| 2004 | 1.9 | 2.1 |
| 2005 | 1.8 | 2.1 |
| 2006 | 1.7 | 2.0 |
| 2007 | 1.6 | 2.0 |
| 2008 | 1.5 | 1.9 |
| 2009 | 1.4 | 1.9 |
| 2010 | 1.3 | 1.8 |
| 2011 | 1.2 | 1.7 |
| 2012 | 1.1 | 1.6 |
| 2013 | 1.1 | 1.5 |
| 2014 | 1.0 | 1.4 |
| 2015 | 0.9 | 1.4 |
| 2016 | 0.9 | 1.4 |
| 2017 | 0.9 | 1.4 |
| 2018 | 0.8 | 1.3 |
| 2019 | 0.8 | 1.3 |
| 2020 | 0.7 | 1.3 |
| 2021 | 0.7 | 1.2 |
| 2022 | 0.7 | 1.2 |
Membership for Municipal Employees' Retirement System of Michigan
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Cash Flows
2022 Cash Flows for Municipal Employees' Retirement System of Michigan (millions)
| Inflows | Outflows | Investment Gains (losses) | Change in Net Assets |
|---|---|---|---|
| 874.1 | 1,092.1 | -1,383.1 | -1,601.1 |
Cash Flow as a Percentage of Assets
Municipal Employees' Retirement System of Michigan
2001-2022
| Fiscal Year | Municipal Employees' Retirement System of Michigan | National Average |
|---|---|---|
| 2001 | -1.5 | -2.1 |
| 2002 | -1.4 | -2.0 |
| 2003 | -0.3 | -2.5 |
| 2004 | -0.9 | -2.0 |
| 2005 | -0.2 | -2.2 |
| 2006 | 0.9 | -2.2 |
| 2007 | 0.3 | -2.1 |
| 2008 | -0.5 | -2.3 |
| 2009 | -0.5 | -3.1 |
| 2010 | -1.0 | -3.2 |
| 2011 | -2.8 | -3.1 |
| 2012 | 3.9 | -3.3 |
| 2013 | -2.4 | -3.1 |
| 2014 | -1.2 | -2.9 |
| 2015 | -0.6 | -2.8 |
| 2016 | -3.3 | -3.0 |
| 2017 | -1.8 | -2.9 |
| 2018 | -1.3 | -2.6 |
| 2019 | -2.5 | -2.6 |
| 2020 | -1.6 | -2.4 |
| 2021 | -0.5 | -2.1 |
| 2022 | -2.0 | -2.1 |