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 |