Michigan Public School Employees Retirement System Basics, by Plan
| Plan | Assets (millions) | Total Members |
|---|---|---|
| Michigan Public Schools | 59,196.6 | 398,588 |
| Other Plans | 0 | 0 |
| Total | 59,196.6 | 398,588 |
Source: Public Plans Database (as of 2022)
Note: Michigan Public School Employees Retirement System has 0 other plans.
Assets
Assets at Year-End
Michigan Public School Employees Retirement System
2001-2022
| 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 |
| 2020 | 51.5 |
| 2021 | 63.3 |
| 2022 | 59.2 |
Membership
Ratio of Actives to Beneficiaries, 2001-2022
| 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 | 1.4 |
| 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 Michigan Public School Employees Retirement System
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Cash Flows
2022 Cash Flows for Michigan Public School Employees Retirement System (millions)
| Inflows | Outflows | Investment Gains (losses) | Change in Net Assets |
|---|---|---|---|
| 4,277.6 | 5,481.3 | -2,931.9 | -4,135.6 |
Cash Flow as a Percentage of Assets
Michigan Public School Employees Retirement System
2001-2022
| Fiscal Year | Michigan Public School Employees Retirement System | National Average |
|---|---|---|
| 2001 | -2.7 | -2.1 |
| 2002 | -3.6 | -2.0 |
| 2003 | -3.4 | -2.5 |
| 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 |
| 2020 | -3.9 | -2.4 |
| 2021 | -2.9 | -2.1 |
| 2022 | -2.0 | -2.1 |