MERS of Michigan administers pension and other benefits for employees of more than 800 municipalities and other political subdivisions that have elected to participate. The system also administers defined contribution and hybrid retirement plans and various health insurance plans for its member cities, which may choose the type of retirement and health plan coverage.
Municipal Employees' Retirement System of Michigan Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Michigan Municipal |
12,381.2 |
86,029 |
| Other Plans |
0 |
0 |
| Total |
12,381.2 |
86,029 |
Source: Public Plans Database (as of 2023)
Note: Municipal Employees' Retirement System of Michigan has 0 other plans.
Assets
Assets at Year-End
Municipal Employees' Retirement System of Michigan
2001-2023
| 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 |
| 2023 |
12.4 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
| 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 |
| 2023 |
0.6 |
1.2 |
2023 Membership for Municipal Employees' Retirement System of Michigan
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 30,153 |
46,637 |
9,239 |
86,029 |
713 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Municipal Employees' Retirement System of Michigan
2001-2023
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-53.6 |
3,647.8 |
| 2002 |
-44.6 |
3,285.3 |
| 2003 |
-13.5 |
4,072.0 |
| 2004 |
-40.0 |
4,619.5 |
| 2005 |
-11.8 |
4,907.4 |
| 2006 |
47.7 |
5,590.0 |
| 2007 |
20.0 |
6,066.3 |
| 2008 |
-20.7 |
4,512.3 |
| 2009 |
-25.4 |
5,276.6 |
| 2010 |
-57.6 |
5,973.0 |
| 2011 |
-165.2 |
5,937.9 |
| 2012 |
266.2 |
6,872.5 |
| 2013 |
-185.1 |
7,676.0 |
| 2014 |
-99.3 |
8,078.0 |
| 2015 |
-50.5 |
7,886.6 |
| 2016 |
-280.7 |
8,473.5 |
| 2017 |
-173.5 |
9,476.1 |
| 2018 |
-114.3 |
8,967.3 |
| 2019 |
-245.7 |
9,915.3 |
| 2020 |
-182.6 |
11,136.9 |
| 2021 |
-59.8 |
12,580.8 |
| 2022 |
-218.0 |
10,979.7 |
| 2023 |
137.9 |
12,381.2 |
2023 Cash Flows for Municipal Employees' Retirement System of Michigan (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 1,273.3 |
1,135.4 |
1,263.6 |
1,401.5 |
Cash Flow as a Percentage of Assets
Municipal Employees' Retirement System of Michigan
2001-2023
| 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 |
| 2023 |
1.1 |
-2.1 |
