Michigan Public School Employees' Retirement System (MPSERS) is a public pension fund headquartered in Lansing. Established under Michigan Public Act 300 of 1980, the retirement system provides pension, retirement savings, and retiree healthcare benefits to eligible Michigan public school employees. MPSERS is administered by the Michigan Office of Retirement Services (ORS), while its investment assets are managed by the Michigan Department of Treasury. The system serves active and retired public school employees across K–12 school districts, charter schools, community colleges, universities, intermediate school districts, and participating public libraries.Michigan Public School Employees' Retirement System (MPSERS) is a public pension fund headquartered in Lansing. Established under Michigan Public Act 300 of 1980, the retirement system provides pension, retirement savings, and retiree healthcare benefits to eligible Michigan public school employees. MPSERS is administered by the Michigan Office of Retirement Services (ORS), while its investment assets are managed by the Michigan Department of Treasury. The system serves active and retired public school employees across K–12 school districts, charter schools, community colleges, universities, intermediate school districts, and participating public libraries.
AUM growth history
Allocations by asset class
| Asset class | Current | % of total |
|---|---|---|
| Private Equity | $18.2B | 42.61% |
| Private Credit | $8B | 18.63% |
| Real Estate | $6.5B | 15.19% |
| Hedge Funds | $8.6B | 20.06% |
| Infrastructure | $1.5B | 3.51% |
| Venture Capital | — | — |
| Total | $42.8B | 100% |
Allocations as of 12/2025.