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Michigan SERS Plan Basics
| Members eligible for Social Security? | Yes |
| # of active members | 15,439 |
| # of inactive members | 4,553 |
| # of members drawing benefit | 57,615 |
Michigan SERS Historical Return
| Assumed Rate of Return | 8.00% |
| 2014 investment return (net of fees) | 15.60% |
| 2013 investment return (net of fees) | 12.50% |
| 2012 investment return (net of fees) | 13.50% |
| 5 year annualized return (net of fees) | 11.40% |
| Investment Expenses (2014) | $48,367,000 |
| Investment Expenses As % of Portfolio | 0.51% |
| Administrative Expenses (2014) | $6,931,000 |
| Administrative Expenses per member | $88 per member |