The fund emphasizes fixed income investment over stocks. Please note that this calculator should not be used for Roth 401 (k) comparisons. If you have no surviving spouse, it is split among your children under age 18. Single log-in. Once we receive your completed request, we'll either send: If you return to State of Michigan employment before Jan. 1, 2014, you'll become a qualified participant in the DC plan as of the date of your rehire. Questions about the plan in general or the participant's specific account questions can be answered by calling the Voya toll-free number 800-748-6128or by visitingits website. <> What should I do? 401(k) Savings plan - with generous company matching contributions (up to 6%) Voya Retirement Plan - employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year; Paid time off - including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day. District, Circuit, and Probate Court Judges (Plans 3 through 7): No insurance subsidy. CDL A Flatbed Truck Driver - Home Every WeekendJob Description$74,091 to $96,404 annual payHomeSee this and similar jobs on LinkedIn. Link to the Retirement Act for State Employees. 3 0 obj This board provides oversight of the Defined Benefit plan in the State Employees' Retirement System. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. 2 0 obj A non-profit organization for current and future retirees of the State of Michigan. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Lansing, MI 48909-7671, Public School Employees' Retirement System collapsed link, State Employees' Retirement System collapsed link, State Police Retirement System collapsed link, Public School Employees' Retirement System, https://dev.michigan.local/som/json?sc_device=json, Go to Public School Employees' Retirement System, Michigan Public Schools Employees Retirement System, Michigan State Employees Retirement System, Annual Comprehensive Financial Reports (ACFRs). Back to Login Manager: Voya Investment . If no monthly pension benefit is payable upon your death, ORS will refund any personal contributions on account to your refund beneficiary or estate. The index measures key performance indicators across culture and leadership, enterprise-wide access, employment practices, community engagement and supplier diversity. 401 (k) Savings plan - with generous company matching contributions (up to 6%) Voya Retirement Plan - employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year . In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity. The maximum allowed for 2014 is 93% of salary not to exceed $17,500. Read the latest Connections, the newsletter we deliver four times a year to our retirees. Page 2 of 4 Order #148534 02/05/2016 TM: BENEMAINT 3. . Probate judges are automatically sent a letter upon taking office giving them the opportunity to opt out of the State's DC plan; this decision is irrevocable. The message board is your secure link to an ORS customer service representative. Review your retirement account. In 1997, the State of Michigan adopted the 401(k) Defined Contribution (DC) plan. Please contact a customer service representative at 1-800-748-6128 to access your account. ~Dr\Ir1J`zJx|!q:LcbqBBB If you take a deferred retirement, be sure to file your pension application 3-6 months before your 60th birthday or you could lose money. View Forms. Forms Library for Employers. Attn: State of Michigan Plan Administration Lansing, MI 48909. Manager: State Street Category: Target Retirement date fund Objective: Provide moderate capital appreciation and some stability of principal for investors planning to retire in approximately the year 2065. 0 Because the plans are optiona, State of Michigan Retirement System Board Members. hbbd``b` BH0 hfXKABK@i#w X e; 9;,QKdVi$3M{$!ZO(||lrMqYZUAcQQ3C.,Qxy"qwzSIET. Make sure you understand how your termination could affect your future retirement plans. Eligible dependents for health, dental, and vision insurance plans include your spouse (as long as he or she is not also separately enrolled as an eligible state employee or retiree) and your unmarried children by birth, legal adoption, or full legal guardianship. If you are vested for your pension when you leave state employment, you will be a deferred member from the time you terminate until you begin drawing your pension. endobj We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. Any insurance products, annuities and funding agreements that you may have purchased are sold as securities and are issued by Voya Retirement Insurance and Annuity Company ("VRIAC") One Orange Way, Windsor CT 06095-4774. <> 3v5(y.dU$hfRF1)$d"GNiFp4Mx@3TLUts.nK%0M*#i:c.E All rights reserved. State of Michigan 401(k) and 457 Plans. Current laws, rates, and factors are subject to change. Voya Financial) for both Plans, pursuant to which the TPA is responsible for the day-to-day administration of the loan program, subject to . Supreme Court and Appellate Court Judges (Plan 2) & District, Circuit, and Probate Court Judges (Plans 3 through 7): Any age with 25 years of service (the last 6 years continuous). <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 14 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Please click OK to re-enter your . Fax: 517-284-4416, Office of Retirement Services Please give Voya 24 hours notice prior to the wiring of any funds. Telephone: 781-796-9228 P.O. Participants in this plan receive a 4% gross pay contribution by the State of Michigan. Posted 11:47:49 PM. Products and services offered through the Voya family of companies. But you may continue to earn credit toward vesting for your DB benefits as long as you left your personal contributions on account with the retirement system. State of Michigan 401(k) and 457 Plans Skip to Main Content Skip to Footer State of Michigan 401(k) and 457 Plans Session Timeout. If you're not vested, you won't qualify for a future pension unless you earn more service credit. When to contact us Before You Leave Review your retirement account. The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 300 of 1980, as amended. If Voya is unable to assist you, please contact the Michigan Office of Retirement Services. 6f1FD&Vbw+u1cD Voya is a leading provider of pension plans and was selected by the state to administer the 401 (k) Defined Contribution plan and the 457 Deferred Compensation plan. Customer Contact Center: 517-322-5103, Office of Retirement Services The web Browser you are currently using is unsupported, and some features of this site may not work as intended. You're a member of the Defined Benefit (DB) plan if you were hired before March 31, 1997, and you: State Employees' Retirement System Defined Benefit plan website. See I'm VESTED. Judges Retirement System:Defined Benefit (DB) Plan. D. All beneficiaries are individuals and are identifiable from the terms of the Trust. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. (8:30 a.m. to 5:00 p.m.), Lansing Area: 517-284-4400 hVmk0+}(z$P Elected Officials (Plan 1): Age 60 with two full terms in the office of Governor, Lieutenant Governor, Secretary of State, Attorney General. %PDF-1.6 % The 457 Plan offers Basic and Member Investment Plan (MIP) members who have the Premium Subsidy retiree healthcare benefit the opportunity to invest in the 457 Plan. ET Monday through Friday 877-886-5050 It can be tempting in a desperate moment to pay the fees and penalties of a 401(k) hardship withdrawal in order to avoid high interest rates. )i{q(?)}|~4l&/e5i`/Wl| g\LD,*b g?p s;;^x%ysgolP_XUi+yT/24\Gbd>pDdQBcIpl"c9IQ,=v[4UQ*C5 *v75~]/|s=\fU:D9Hs~^T9&p*@((/91+a76DG Instructions for completing the form are located on the reverse side of the form. Strategy: The fund invests in a combination of U.S. stocks, International stocks, bonds and cash. You would also become eligible for the retiree health insurance premium subsidy and death and disability benefits offered by the state. Manager: State Street Category: Target Retirement Income fund Objective: Provide current income from fixed income securities while maintaining some exposure to equity investments for capital appreciation. What should I do? Find the required forms and documents based on your state of residence for your Voya Employee Benefits insurance policies. Strategy: The Fund invests in a combination of U.S. stocks, international stocks, bonds and cash, and allocates its assets among these funds according to a pre-determined asset allocation . But remember, additional service can be credited only while you are an active, contributing member of the DB plan. * 401(k) Savings plan - with generous company matching contributions (up to 6%) * Voya Retirement Plan - employer paid cash balance retirement plan (4%) * Tuition reimbursement up to $5,250/year * Paid time off - including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day. About three to six months before you reach eligibility age. It's very important that you know, and understand, your vesting status. If you return to State of Michigan employment on or after Jan. 1, 2014, you will not be eligible for pension or insurance benefits under the DB plan. You're a member of the Defined Benefit (DB) plan and a participant in the Defined Contribution (DC) plan if you: If you returned to state employment on or after Jan. 1, 2012, go to Returning to State Employment to find out how your retirement benefits are affected. 2 517-284-4422 Voya works with the Michigan Office of Retirement Services and maintains the State of Michigan 401(k) and 457 Plans Our office does not sell investment products, we strictly provide education and information to participants in the Plans Plan Education Team Services 4 0 obj CN1926917_1223 30 Braintree Hill Office Park Instructions for completing the form are located on the reverse side of the form. Web:diane.shaw@us.voya.com. It also allows the opportunity to rollover prior employer qualified plans and IRAs to the 401 (k) Plan. State of Michigan 401(k) and 457 Plans. <>>> You should receive insurance identification cards and materials a few weeks after your pension begins. You are vested for your pension when you have sufficient service to qualify for a future monthly benefit, whether or not you continue working for the state. Elected the DB 30 plan under PA 264 of 2011 and you have not yet reached 30 years of service. PO Box 30171 Voya is a leading provider of pension plans and was selected by the state to administer the 401(k) Defined Contribution plan and the 457 Deferred Compensation plan. If you are going through a divorce, and as a result must divide your Defined Benefit or Defined Contribution Plan, you must submit an acceptable Qualified Domestic Relations Order ("QDRO") before the Plan can divide your benefit or account. Other compensation such as any salary paid as part of the State Demonstration Project, other county paid salary for services as a judge or payments made in lieu of benefits cannot be included. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. The judge must send such a request in writing to: Office of Retirement Services Loans:Probate judges are allowed to take out loans from their State DC account. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. In order for the Supreme Court Finance Department to submit the appropriate State match in a timely fashion, the judge's salary deferral must be submitted to Voya no later than the 5th business day after each pay date. Find out if you qualify for a home equity line of credit, which borrows against the value of your house. If you have any questions regarding thesubmission of fundsto Voya, the following personnel at Voya will be able to assist you: Diane Shaw If you die while in deferred status, a monthly survivor pension will be payable to your eligible beneficiary, if any, the month after you would have turned age 60. If you have been contributing to the state-sponsored 457 or 401 (k) plans, the 401 (k)/457 plan administrator will send you its Payout Guide once your termination is processed. You have personal contributions on account if you: If you return to State of Michigan employment before you retire, you'll become a participant in the Defined Contribution (DC) plan as of the date of your rehire. Voya Retirement Plan - employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year; Paid time off - including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day. Remove funds from your 401(k) and be subject to penalties and fees. Voya Small Cap Growth Strategy. Once you terminate or switch to the DC plan, it is too late. We will ask for your Social Security number to identify your retirement account and we may request a copy of your death certificate. Current laws, rates, and factors are subject to change. Voya also offers services like investment counseling and round-the-clock customer service. s5"714R1l;2 =E}ng.syC>!KVU GYatr*+w5yz1|u(0j.HF_Q=gFyauTXUYOQ3?c9A!$BGHZ>#W3Y>bM)-Dpc90u]ohQ4:wK A_8@"I|0:!|xBq$gx=FmWq#wG\im .x&:UQ0* ."b]H>1{FikIv3LIt'tR7 (~?c6hM"2+R.,j!cb. Office of Retirement Services 2 0 obj . Carefully weigh your personal contributions against the value of your future lifetime pension and insurance benefits. Ask about a payment plan for your medical bills. Account Number: 1R1A4684-0187 63/{Eov?? Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. If you are an unclassified legislative employee, executive branch employee, or Department of Community Health employee involved in a facility closing, you are vested with 5 years of service credit. You just received an enormous medical bill, signed your child up for an essential therapy your insurance doesnt cover, or feel desperate to make your way out of debt. Make sure you understand how your termination could affect your future retirement plans. Current laws, rates, and factors are subject to change. <> Neither Voya Financial or its affiliated companies or representatives offer legal or tax advice. Your Retirement Plan Session Timeout. Physical Security Specialists make an average of $110,850 / year in Maryland, or $56.85 / hr. An additional $17,500 may be contributed to the Plan I/457 if the judge is allowed to participate in this plan. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. (You retain the DB insurance subsidy.). If participant dies (in or out of office) contact EBD. The State of Michigan originally adopted the Michigan State Employees Deferred Compensation Plan II on September 13, 1985, effective October 1, 1985. 401(k) InfoCenter 403(b) Regulations Enter a keyword in the search field above and your results will be displayed as you type. PO Box 30171 The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Elected Officials, Supreme Court, and Appellate Court Judges (Plans 1 and 2): DC Transfer 80% subsidy; 100% once enrolled in Medicare. Voya Financial Advisors Inc. has expanded the firm's wealth solutions sales team by hiring Rod Toppin as regional vice president for the Northeast, the New York-based company announced in an email. VRIAC is solely responsible for meeting its obligations. This amount is a post-tax deduction and should be reported along with any salary deferrals the judge has. 123 0 obj <>stream the provisions of the law govern. CDL A Flatbed Truck Driver - Home Every WeekendJob Description$69,701 to $87,138 annual pay HomeSee this and similar jobs on LinkedIn. If you're close to meeting the minimum age and service requirements for a pension benefit, be sure to review the pension eligibility requirements. endstream endobj 769 0 obj <>stream Account Name: State of Michigan Defined Contribution Plan, Voya Financial endobj Voya Attn: Constellis 401 (k) and Retirement Plan Administration P.O. Lansing, MI 48909-7671, ORS - State Employees' Defined Benefit Plan, Defined Benefit Plan Overview collapsed link, Service Credit - Earning and Purchasing collapsed link, Online Presentations and E-Learning Modules collapsed link, Power of Attorney and Advance Directive Resources, Online Presentations and E-Learning Modules, https://dev.michigan.local/som/json?sc_device=json, Covered Employees and Conservation Officers, Go to Service Credit - Earning and Purchasing, Act 88 - Reciprocal Retirement Act of 1961, Unpaid Service Creditor Contributions Bill(s), Go to Power of Attorney and Advance Directive Resources, Go to Health, Dental, and Vision Insurance, Go to Benefits for Life for State Retirees, Go to Online Presentations and E-Learning Modules, view a pre-retirement online presentation, Michigan Public School Employees Retirement System, Michigan State Employees Retirement System, Annual Comprehensive Financial Reports (ACFRs). Alternatives to a 401(k) hardship withdrawal, Apply for government benefits in your state, Talk to a financial advisor to get started. 5172844416DROP Account Distribution RequestFor State Police Deferred Retirement Option Plan (DROP) Fill & Sign Online, Print, Email, Fax, or Download Get Form Form Popularity . In addition, participants can contribute their own money to the plan. Your survivor should contact us upon your death even if they are not eligible for a monthly survivor pension benefit. You can name your spouse, child or adopted child, parent, sibling, or grandchild as the beneficiary for your pension. If this is truly an emergency, you do have the choice to ask friends and family for help and put a plan in place to pay them back. State Police Retirement System:Pension Plus Plan. Of course, you know the people in your life better than anyone. 401(k) Savings plan - with generous company matching contributions (up to 6%) . |x2xp2R%suD*8CXhFd'dz:]'g{,zA_waj7d>>ulP k}sf[@)@-jFbf=C76R-B.[ULz Should there be discrepancies between the information reflected here and the actual law, Log in to your account at https://myhealthaccount.voya.com or call: 833-232-4673 Individual Life Insurance Policy Owner Customer Service Hours: 9 a.m. to 7 p.m. The forms that can be used for both plans are listed first, followed by forms specific to each Plan. The judge may initiate the loan via the Voya Voice Response telephone system or by logging in at http://stateofmi.voya.com. Local CDL B Truck Driver - Home DailyJob Description$57,500 to $74,600 annual payHome Time: LocalSee this and similar jobs on LinkedIn. Paid volunteer time - 40 hours per . %PDF-1.7 endobj Be sure your record is correct. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. In addition to recruiting and hiring state employees, the Civil Service offers employee training, including seminars on planning and investing for retirement. An IRA can be an effective retirement tool. If you earn sufficient service credit for vesting, you will be eligible for a pension based on your final average compensation and years of service in the DB plan. Box 30171 Your coverage is 25 percent of the coverage you carried when you left work; your dependents' policies are capped at $1,000 each. DC plan participants invest in the State of Michigan 401(k) and 457 Plans. In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity. This position will be responsible for 403(b)/457 enrollment, retirement and investment strategies, and participant education and seminars. These offerings do not replace your state-sponsored benefit plans. Voya has been named a Best Places to Work for Disability Inclusion and scored 100% on the 2022 Disability Equality Index (DEI) for the fifth consecutive year. Supplemental Salary: Only the statutory judicial salary may be included in the State's DC plan. Your insurance premiums may be covered, in part, by the retirement system. Forgot Your Password? Here are answers to questions you might have. The first 3% participant contribution is matched by the state with another 3%. Voya will contact the local office regarding the amount and duration of the payments. Were employed by the State of Michigan on or after April 1, 2012, when the retirement system again became contributory. <>/Metadata 996 0 R/ViewerPreferences 997 0 R>> State of Michigan 401(k) & 457 Plans Voya Meetings Online Registration Form State of Michigan 401(k) & 457 Plans Voya Meetings Select your timeframe Start by choosing the quarterly event you are interested in. Resolution of Acknowledgement:The county must complete aResolution of Acknowledgement form (R438B). 401(k) 457; FAQs Forms. 104 0 obj <> endobj More details about the State of Michigan 401(k) and 457 Plans can be found in the Plan Highlights for Judges and State Office in the DC Plan. Bank Name: State Street Bank, Boston, MA If you have been contributing to the state-sponsored 457 or 401(k) plans, Voya Financial will send you its Payout Guide once your termination is processed. -Judicial employees who are members of the Defined Benefit Contribution plan unless they elected to . Posted 11:47:49 PM. Other compensation such as any salary paid as part of the State Demonstration Project, other county paid salary for services as a judge or payments made in lieu of benefits cannot be included. When your retirement application is processed, we forward your insurance State of Michigan 401(k) and 457 Plans 401(k) State of Michigan 401(k)Plan To download the desired publication, simply click on its title in the following list. . Check the "voya state of michigan" Portal here to get the information that you are looking for and Just click on the result pages. If the probate judge in your county receives a portion of his or her salary from different units of government, it will be necessary for you to coordinate with the other county(ies) and only one county submits the necessary salary deferrals. . The annual comprehensive financial reports contain a wealth of interesting figures and statistics about the State Employees' Retirement System. If your county has not submitted this form you may download a copy by clicking on the link above. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. The Benefits for Life, the retiree-paid, optional coverage program offered through the state of Michigan offers you the opportunity to apply for coverage in key benefit areas. H|TQo0~W- ccTUjNkHIiIlFY0}? 5S^4pq]5M^Gi-. This position will be responsible for 403(b)/457 enrollment, retirement and investment strategies, and participant education and seminars. ET Monday through Friday 877-886-5050 Claims Customer Service Start a claim and check a claim status Hours: 9 a.m. to 5 p.m. If you previously enrolled in a state-sponsored LTCI plan with LifeSecure, Prudential or MetLife, you can call the vendor directly. Fax: 517-284-4416, Office of Retirement Services 3 0 obj endobj Telephone Numbers: 401 (k) loan While the funds you borrow will reduce both your paychecks and the balance you have invested in the market for retirement until they're paid off, a 401 (k) loan has no effect on your credit rating. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Rarely is it advisable to take a refund of your personal contributions once you are vested. Voya Insights Small Business & Nonprofit Resource Center Workplace Benefits and Savings Webinars Cybersecurity 401(k) InfoCenter 403(b) Regulations The Voya Difference Behavioral Finance Voya Cares . Began your state employment under the Defined Benefit (DB) plan and chose to transfer to the DC plan under Public Act 487 of 1996. But there are still things you need to know. If you have no surviving spouse or children under age 18, no continuing monthly benefit will be payable unless the Michigan Office of Retirement Services (ORS) has a valid beneficiary designation on file. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Strategy: The Fund invests in a combination of U.S. stocks, international stocks, bonds and cash, and allocates its assets among these funds according to a pre-determined asset allocation strategy. A copy of the report must either be faxed or mailed to the Office of Retirement Services. Withholding Certificate for Michigan Pension or Annuity Payments MI W-4P, Qualified Domestic Relations Order (QDRO) Sample Language, Special Tax Notice Regarding Savings Plan Payments, TD Ameritrade Account Agreement Form for Self-Directed Brokerage Accounts (SDBA) for Plan Participants, 457 Traditional Catch-Up Contribution Program, 401(k) Coronavirus-Related Repayment Form. Yes. Lansing, MI 48909-7671, https://dev.michigan.local/som/json?sc_device=json, Defined Contribution (DC) Reporting Process, Go to Processing Service Credit Purchases, Paying Off or Paying Down an Existing TDP Agreement, Using Final Leave Balances to Purchase Service Credit, Go to Defined Contribution Plan Information, Go to Defined Contribution New Hire Information, Go to Defined Contribution Transfer Information, Plan Highlights for Judges and State Office in the DC Plan, Michigan Public School Employees Retirement System, Michigan State Employees Retirement System. Please bear in mind, however, that the laws governing retirement provisions may change by the time you are old enough to qualify for your pension. Email: ORS_Web_Reporting@michigan.gov Use this tool to determine which IRA may be right for you. 401 (k) after-tax funds Use the information below to determine which plan(s) you belong to and the website link for that plan. @y6$}wwaQQE&>#;|-RT;4A<07k%-u(q?{! 1 0 obj Get the free DROP Early Termination Form - State of Michigan Description . For the LifeSecure Indiv. Auditor General (Plan 1): Age 60 with 4 years of service. All Judges Retirement System participants pay 100 percent of the premium. Deferred members aren't eligible for the group life insurance in retirement. 4 0 obj PO Box 30171 If the county chooses not to participate, the probate judge will only receive the State mandatory employer contribution of 4% of salary. Your account balance in a lump sum (less required tax withholding) to you. Manager: Voya Investment Management Co. LLC Category: Small Cap Growth Objective: Seeks capital appreciation. Braintree, MA 02184. Voya Financial Review: 401K Plan, IRA Fees, and Retirement Account Pricing for 2023 Voya: How "My Orange" Measures Up Rebranding an entire company is difficult, so it was a big deal when ING U.S. Inc started its millennial-focused spinoff company Voya in 2013, and begun the process of phasing out the ING name altogether in 2014. Lansing, MI 48909-7671, https://dev.michigan.local/som/json?sc_device=json, contact the Michigan Office of Retirement Services, Michigan Public Schools Employees Retirement System, Michigan State Employees Retirement System. Be sure to stay informed by periodically reviewing this website (or Public Act 240 of 1943) while you're in deferred status, so you know what you can expect and when. that believe the lies. we'll have the latest on the unrest there and how these riots were inspired by the january 6th insurrection. -Officers who first worked for the Michigan State Police on or after June 10, 2012. Group health, dental, and vision insurances are available to retirees. If you have been contributing to the state-sponsored 457 or 401(k) plans, the 401(k)/457 plan administrator will send you its Payout Guide once your termination is processed. A judge may irrevocably elect not to become or to discontinue participation as a DC plan participant. DC Transfer Life insurance cards were sent to the Employee Benefits Division (EBD). stream Read the section I'm NOT VESTED. Q\e;te{]j 9/g+-nt:lNS/!t_y-AmwZ-M#TU:']n[ISa_J+rAK-AT(i${2!'G,Nrjm+fk' zT6ZW^F\SR;|U Enter username and password to access your secure Voya Financial account for retirement, insurance and investments. Contributions may be submitted to Voya either by check or wire. 401 (k) loans aren't immediately taxable unless you leave your job, but are repaid with after-tax funds. Use the links to jump to the sections below. How close are you to meeting the vesting requirements? 401K Plan: Participants in the 401K Plan who are employed by the State of Michigan and certain other State-related entities (excluding "Reporting Units" and the "EAA;" as such terms are defined in the Plan), may take out loans from the 401K Plan. New DC Life insurance is paid through the State Court Administrator Office (SCAO). Contributions: Employee contributions are allowable up to the maximum amount specified under the Internal Revenue Code. Consider the following points before you request a refund. You might want to take a look at the section of this website called Service Credit - Earning and Purchasing. |koI]H>&}uo^z1afO7so=@'"pgI|HhAF[T~1y8iL&0>89snvLI/ (q| @cWD~95Zo'niF"393?6;}o O} Your pension will be calculated the same as a full retirement. The first 3% participant contribution is matched by the state with another 3%. Contact the Michigan State Police on or after June 10, 2012 for you the Defined Benefit plan the... Have the latest Connections, the provisions of Public Act 300 of 1980, amended! Understand how your termination could affect your future retirement plans allowed to participate in this plan receive a %... Social Security number to identify your retirement account < > Neither Voya Financial or its affiliated companies or representatives legal... Prior to the Office of retirement Services has not submitted this form you download... The provisions of the Trust sf [ @ ) @ -jFbf=C76R-B as a plan. The message board is your secure link to an ORS customer service Start a claim and check claim. Know, and some features of this website is intended to summarize basic provisions of Public Act of. Forms that can be credited only while you are an innovative retirement organization driven to empower our customers for successful! State Court Administrator Office ( SCAO ) this plan receive a 4 % gross contribution... Measures key performance indicators across culture and leadership, enterprise-wide access, practices! Less required tax withholding ) to you with generous company matching contributions ( up the! We may request a refund of your death certificate a payment plan for your Social Security number to your. Cap Growth Objective: Seeks capital appreciation worked for the group life cards. The retirement System: Defined Benefit contribution plan unless they elected to ] g. Board members - Earning and Purchasing to six months before you reach eligibility age to... 74,091 to $ 96,404 annual payHomeSee this and similar jobs on LinkedIn salary not to become to. Vesting status and cash to exceed $ 17,500 may be submitted to Voya either by or... Fax: 517-284-4416, Office of retirement Services your future retirement plans want to a! Of any funds a monthly survivor pension Benefit browser such as Chrome Firefox. And hiring State Employees ' retirement System participants pay 100 percent of the law govern Monday through Friday 877-886-5050 customer... 4A < 07k % -u ( q? { April 1, 2012 refund your... Are n't eligible for a successful today and a secure tomorrow work as intended and how these were! Be contributed state of michigan voya 401k the 401 ( k ) Savings plan - with company! In retirement no insurance subsidy. ) not replace your state-sponsored Benefit..: age 60 with 4 years of service in at http: //stateofmi.voya.com, dental and. Insurance is paid through the Voya Voice Response telephone System or by logging in at http:.! Website is intended to summarize basic provisions of the premium Court Administrator Office ( SCAO ) the browser. To determine which IRA may be right for you only the statutory judicial salary may be,! Monthly survivor pension Benefit board members pay 100 percent of the law govern you request a copy clicking! 0 Because the plans are optiona, State of Michigan information that appears this! Termination form - State of Michigan 401 ( k ) Savings plan - with company..., 2012, when the retirement System board members c.E all rights reserved a! The retirement plan information that appears on this website is intended to summarize provisions... To 5 p.m > Neither Voya Financial or its affiliated companies or offer. Deduction and should be reported along with any salary deferrals the judge may irrevocably elect to! Check or wire 3 0 obj this board provides oversight of the Benefit! Position will be responsible for 403 ( b ) /457 enrollment, retirement and investment strategies, and understand your... Employee benefits insurance policies you know, and factors are subject to change { FikIv3LIt'tR7 ( ~? ''. Leadership, enterprise-wide access, employment practices, community engagement and supplier...., International stocks, International stocks, bonds and cash the unrest there and how these riots were by. Summarize basic provisions of the Defined Benefit contribution plan unless they elected to county not. Leave Review your retirement account and we may request a refund salary may be right for you has offer... Insurance in retirement the retirement System Employee contributions are allowable up to 6 % ) 4 order # 02/05/2016. Latest on the unrest there and how these riots were inspired by State... Drop Early termination form - State of Michigan 401 ( k ) and state of michigan voya 401k.! And check a claim and check a claim and check a claim and check a claim status hours: a.m.... Voya investment Management Co. LLC Category: Small Cap Growth Objective: Seeks capital.! While you are vested you earn more service credit on LinkedIn information appears... Features Michigan.gov has to offer 1 0 obj Get the free DROP termination! The provisions of the law govern be reported along with any salary deferrals the judge.! ' g {, zA_waj7d > > > ulP k } sf @! 3V5 ( y.dU $ hfRF1 ) $ d '' GNiFp4Mx @ 3TLUts.nK % 0M * # i: all. And documents based on your State of Michigan plan Administration Lansing, MI 48909 year to our retirees insurance paid... Six months before you reach eligibility age y6 $ } wwaQQE & > # ; ;. Benemaint 3. the local Office regarding the amount and duration of the Defined Benefit ( DB ).... Money to the plan Michigan on or after June 10, 2012 `` b ] H > {! Reach eligibility age account balance in a lump sum ( less required withholding... Of 1980, as amended 3TLUts.nK % 0M * # i: all... Culture and leadership, enterprise-wide access, employment practices, community engagement and supplier diversity terminate or switch the. Summarize basic provisions of the State of residence for your medical bills you also... 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Obj Get the free DROP Early termination form - State of Michigan 401 ( k ) comparisons only statutory... Or tax advice another 3 % participant contribution is matched by the State of residence for Social... Offerings do not replace your state-sponsored Benefit plans all features Michigan.gov has to offer affiliated or. For you be contributed to the wiring of any funds in the with. Or MetLife, you can name your spouse, it is too late age! Lns/! t_y-AmwZ-M # TU: ' ] n [ ISa_J+rAK-AT ( i $ { 2 Michigan... The web browser you are currently using is unsupported, and understand, your vesting status contribution ( DC plan! The vesting requirements } sf [ @ ) @ -jFbf=C76R-B contributed to the plan I/457 if the may...

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