Michigan State Employees Retirement System Basics, by Plan
| Plan | Assets (millions) | Total Members |
|---|---|---|
| Michigan SERS | 13,064.7 | 66,836 |
| Other Plans | 0 | 0 |
| Total | 13,064.7 | 66,836 |
Source: Public Plans Database (as of 2022)
Note: Michigan State Employees Retirement System has 0 other plans.
Assets
Assets at Year-End
Michigan State Employees Retirement System
2001-2022
| Fiscal Year | Net Assets (billions) |
|---|---|
| 2001 | 9.6 |
| 2002 | 8.3 |
| 2003 | 8.9 |
| 2004 | 9.4 |
| 2005 | 10.1 |
| 2006 | 10.9 |
| 2007 | 12.1 |
| 2008 | 9.8 |
| 2009 | 8.6 |
| 2010 | 8.9 |
| 2011 | 8.7 |
| 2012 | 9.3 |
| 2013 | 9.9 |
| 2014 | 11.0 |
| 2015 | 10.7 |
| 2016 | 11.0 |
| 2017 | 11.8 |
| 2018 | 12.4 |
| 2019 | 12.2 |
| 2020 | 12.0 |
| 2021 | 14.5 |
| 2022 | 13.1 |
Membership
Ratio of Actives to Beneficiaries, 2001-2022
| Fiscal Year | Michigan State Employees Retirement System | US State and Local Pensions |
|---|---|---|
| 2001 | 1.2 | 2.4 |
| 2002 | 1.1 | 2.3 |
| 2003 | 0.8 | 2.2 |
| 2004 | 0.8 | 2.1 |
| 2005 | 0.7 | 2.1 |
| 2006 | 0.7 | 2.0 |
| 2007 | 0.7 | 2.0 |
| 2008 | 0.6 | 1.9 |
| 2009 | 0.6 | 1.9 |
| 2010 | 0.5 | 1.8 |
| 2011 | 0.4 | 1.7 |
| 2012 | 0.3 | 1.6 |
| 2013 | 0.3 | 1.5 |
| 2014 | 0.3 | 1.4 |
| 2015 | 0.2 | 1.4 |
| 2016 | 0.2 | 1.4 |
| 2017 | 0.2 | 1.4 |
| 2018 | 0.2 | 1.3 |
| 2019 | 0.1 | 1.3 |
| 2020 | 0.1 | 1.3 |
| 2021 | 0.1 | 1.2 |
| 2022 | 0.1 | 1.2 |
Membership for Michigan State Employees Retirement System
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Cash Flows
2022 Cash Flows for Michigan State Employees Retirement System (millions)
| Inflows | Outflows | Investment Gains (losses) | Change in Net Assets |
|---|---|---|---|
| 707.1 | 1,489.6 | -634.4 | -1,416.9 |
Cash Flow as a Percentage of Assets
Michigan State Employees Retirement System
2001-2022
| Fiscal Year | Michigan State Employees Retirement System | National Average |
|---|---|---|
| 2001 | -3.8 | -2.1 |
| 2002 | -4.1 | -2.0 |
| 2003 | -6.3 | -2.5 |
| 2004 | -6.3 | -2.0 |
| 2005 | -4.6 | -2.2 |
| 2006 | -4.5 | -2.2 |
| 2007 | -5.2 | -2.1 |
| 2008 | -4.9 | -2.3 |
| 2009 | -6.1 | -3.1 |
| 2010 | -5.9 | -3.2 |
| 2011 | -7.5 | -3.1 |
| 2012 | -7.7 | -3.3 |
| 2013 | -5.4 | -3.1 |
| 2014 | -4.3 | -2.9 |
| 2015 | -4.4 | -2.8 |
| 2016 | -4.9 | -3.0 |
| 2017 | -5.0 | -2.9 |
| 2018 | -5.5 | -2.6 |
| 2019 | -6.4 | -2.6 |
| 2020 | -6.6 | -2.4 |
| 2021 | -5.4 | -2.1 |
| 2022 | -6.0 | -2.1 |