Open Data Network

BOI 5 - MPSERS vs. Actuarial Target Rate - Quarterly Rolling 7 Year Average Return

Consistent with the directive of earning the actuarial assumed rate of return, as established by the respective pension benefit boards, the State Budget Director, and applicable statutes, along with directives issued by the State of Michigan Investment Board to meet or exceed the actuarial assumption and peer target returns over the long term, the Bureau of Investments strives to meet these objectives across industry-accepted time periods reporting the quarterly rolling 3 and 7 year average returns for the Michigan Public Schools Employees’ Retirement System (MPSERS), the largest component plan of the State of Michigan Retirement System. This metric measures the MPSERS Quarterly rolling 7 year average return, actual investment rate of return on pension fund assets for the Michigan Public School Employees' Retirement System vs. Actuarial Target Rate. Provides comparable longer term investment return and performance data relative the rate that is used to help measure pension liabilities.

BOI 51 - MPSERS vs. Peer Target Rate - Quarterly Rolling 3 Year Average

Consistent with the directive of earning the actuarial assumed rate of return, as established by the respective pension benefit boards, the State Budget Director, and applicable statutes, along with directives issued by the State of Michigan Investment Board to meet or exceed the actuarial assumption and peer target returns over the long term, the Bureau of Investments strives to meet these objectives across industry-accepted time periods reporting the quarterly rolling 3 and 7 year average returns for the Michigan Public Schools Employees’ Retirement System (MPSERS), the largest component plan of the State of Michigan Retirement System. This metric measures the MPSERS Quarterly rolling 3 year average, actual investment rate of return on pension fund assets for the Michigan Public School Employees' Retirement System vs. Peer Target Rate. Provides comparable medium term investment return and performance data relative to similarly sized and situated public pension plans in the US.

Number of Social Equity Applications Reviewed and an Eligibility Determination Made within 5 business days

Social Equity program applications reviewed and an eligibility determination made within 5 business days.

FSD 1 - Lockbox Paper Production

The total monthly quantity of paper tax return filings processed in JPMorgan lockboxes. Each monthly target is the prior year’s monthly value. This allows us to monitor the decrease in paper returns and overall effectiveness of the paperless tax return initiatives.

ASD 8 - Reimbursement Requests Processed Timely

Travel requests submitted during a fiscal month. Reimbursement requests for travel, vehicle expenses, and other miscellaneous expenses are submitted by all Treasury business areas. The Accounting Services Division (ASD) processes these reimbursements based on the information submitted by a given employee. Monitoring this metric will help ensure that ASD is processing these requests in a timely and efficient manner. Processing these items in a timely and efficient manner provides for quick payment to employee and increased business area satisfaction. If % complete is not 100% at the end of the month (as expected), this would indicate a gap in timeliness and efficiency by ASD staff. The gap represents the need to train business staff more and redistribute work duties as needed to ensure staff have appropriate time to process these requests.

LMISI - Michigan Union Membership

2008 - Present. Annual measures of union membership in Michigan. Dataset includes the total number of employed individuals in Michigan, the total number of individuals who hold union membership in Michigan, and the total number of individuals whose jobs are covered by a union or an employee association contract. Data provided by the Bureau of Labor Statistics in the US Department of Labor. To find more union membership data, visit https://www.bls.gov/webapps/legacy/cpslutab5.htm.

Dashboard_Expenditures_MI

Dashboard_Revenue_MI

dtmb_sustainability_tracker

TREAS Public Facing - BLGSS 6 - CEFD Decrease Local Governments' Retirement Unfunded Liabilities

The Bureau of Local Government and School Services has a goal of reducing local governments' retirement unfunded liabilities.