State Data » Michigan » Michigan Public School Employees Retirement System

Michigan Public School Employees Retirement System Basics, by Plan

Plan Assets (millions) Total Members
Michigan Public Schools 50,857.2 414,897
Other Plans 0 0
Total 50,857.2 414,897

Source: Public Plans Database (as of 2019)

Note: Michigan Public School Employees Retirement System has 0 other plans.

Assets

Assets at Year-End
Michigan Public School Employees Retirement System
2001-2019

Fiscal Year Net Assets (billions)
2001 34.8
2002 30.0
2003 33.4
2004 36.3
2005 39.4
2006 43.0
2007 48.4
2008 39.1
2009 34.5
2010 35.9
2011 34.7
2012 37.7
2013 40.0
2014 43.8
2015 42.4
2016 43.5
2017 47.0
2018 50.3
2019 50.9

Source: Public Plans Database

Membership

Ratio of Actives to Beneficiaries, 2001-2019

Fiscal Year Michigan Public School Employees Retirement System US State and Local Pensions
2001 2.4 2.4
2002 2.4 2.3
2003 2.3 2.2
2004 2.2 2.1
2005 2.1 2.1
2006 2.0 2.0
2007 1.8 2.0
2008 1.7 1.9
2009 1.6 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 1.5
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

Source: Public Plans Database

Cash Flows

Cash Flow vs. Total Assets (Millions)
Michigan Public School Employees Retirement System
2001-2019

Fiscal Year Cash Flow Assets
2001 -926.5 34,810.2
2002 -1,068.8 30,008.0
2003 -1,140.2 33,399.9
2004 -1,242.0 36,288.5
2005 -1,457.7 39,361.4
2006 -1,293.2 42,995.4
2007 -1,809.5 48,362.9
2008 -1,776.3 39,065.7
2009 -1,977.2 34,498.4
2010 -2,205.9 35,855.5
2011 -2,513.3 34,674.7
2012 -2,361.3 37,700.4
2013 -2,544.8 40,015.5
2014 -2,435.1 43,773.2
2015 -2,329.0 42,382.4
2016 -2,017.0 43,460.6
2017 -2,032.3 47,011.8
2018 -1,804.7 50,343.5
2019 -2,005.9 50,857.2

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Michigan Public School Employees Retirement System
2001-2019

Fiscal Year Michigan Public School Employees Retirement System National Average
2001 -2.7 -2.0
2002 -3.6 -2.4
2003 -3.4 -2.6
2004 -3.4 -2.0
2005 -3.7 -2.2
2006 -3.0 -2.2
2007 -3.7 -2.1
2008 -4.5 -2.3
2009 -5.7 -3.1
2010 -6.2 -3.2
2011 -7.2 -3.1
2012 -6.3 -3.3
2013 -6.4 -3.1
2014 -5.6 -2.9
2015 -5.5 -2.8
2016 -4.6 -3.0
2017 -4.3 -2.9
2018 -3.6 -2.6
2019 -3.9 -2.6

Source: Public Plans Database