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Documents tagged with mpsers
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MPSERS 2011 Assets Pg23
This segment of the financial statement shows the assets held in both the Pension fund and the OPEB fund. NOTE: assets FELL in the pension fund, this is the second time that has happened in three y...
MPSERS 2011 Investment Return pg59
This page shows the composition of the portfolio and notes actual returns over three, five, seven and ten years. The fund has missed it's mark consistently and yet refuses to adjust to reality.
MPSERS 2011 Unfunded Liability Pg46
Here is where the bad news hides, in the footnotes. Note that the fund "smooths" the data and the actual value of the fund assets is MUCH lower than the $43 billion ASSUMED over the last three year...
MPSERS 2011 Actuarial Assumptions pg79
This page show the assumptions required to value the unfunded liability. Actual performance of the portfolio is much much worse than what's assumed here.
MPSERS 2011 Investment Section pg68
This page shows the major components that have driven MPSERS returns. Most of the return was in investments that do not have publicly available data. Not comforting...
MPSERS 2011 Financial Assumptions Pg36
This page show the assumptions required to value the unfunded liability and the assumption to determine the health of the plan. The actual performance of the plan has been so far off of these marks...
Mpsers 2009 Investment Return
This page discloses the true investment return on the Michigan Public School Employees Retirement System. It is only 4.2% over 5 years.
Mpsers 2009 Unfunded Liability
The page which discloses the unfunded liability of the Michigan Public School Employees Retirement System or MPSERS
Mpsers 2009 Audit page 34
The reason the unfunded liability is going to get worse. Underfunding the requirements by $2.5 billion annually.
Citizens Research Council MPSERS Report
CRC examination of the state of Michigan's retirement system for school employees.
MPSERS - Michigan Teachers Pension Fund Deceptive on its Financial Performance
MPSERS, Michigan Public School Employees Retirement System is hiding the true nature of its financial performance. It is using asset values nearly two years old to show its health (known as funded...
MPSERS - Michigan Teachers' Pension Fund Lost $9.2 Billion in 2008
Disclosure of the $9.2 billion loss in the Michigan Teachers Pension Fund. This loss is not disclosed in the calculations of the funds health known as the funded ratio. The fund is using asset va...
MPSERS - Teacher's Pension Audit Hiding the Real Facts
MPSERS - Michigan Public School Employees' Retirement System audit page 18 where the deception is disclosed. The funded ratio is calculated using asset values that are nearly 2 years old. That is ...
Michigan Funding All Sources
A visual guide to the State of Michigan's funding sources, and Michigan's spending budget. A particular focus on how K12 funding fits into the bigger picture and the impact of the broken pension f...
