<> %%EOF Participants may contribute any percentage to any plan up to the annual IRS contribution limits. CN1926917_1223 The State of Michigan has a contract with Voya Financialto provide record-keeping and custody services for the 401(k) DC plan. of the State or Commonwealth of . Enter username and password to access your secure Voya Financial account for retirement, insurance and investments. Keep ORS informed of your mailing address so we can send important communications. Voya also offers services like investment counseling and round-the-clock customer service. Monday through Friday, 8:00 a.m. to 5:00 p.m. Here are answers to questions you might have. Please click OK to re-enter your . An IRA can be an effective retirement tool. 800-Number: 800-381-5111 Elected the DB Classified plan under Public Act (PA) 264 of 2011. &$;9' !3[8_A]w3;{sM2U+t. Routing Number: 011000028 nav list. This position will be responsible for 403(b)/457 enrollment, retirement and investment strategies, and participant education and seminars. The operation of the State Employees' Retirement System is controlled by the State Employees' Retirement Act, Public Act 240 of 1943, as amended. Find out if you or your loved ones qualify for government benefits. If you have been contributing to the state-sponsored 457 or 401 (k) plans, the 401 (k)/457 plan administrator will send you its Payout Guide once your termination is processed. s5"714R1l;2 =E}ng.syC>!KVU GYatr*+w5yz1|u(0j.HF_Q=gFyauTXUYOQ3?c9A!$BGHZ>#W3Y>bM)-Dpc90u]ohQ4:wK A_8@"I|0:!|xBq$gx=FmWq#wG\im .x&:UQ0* 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. 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. Bank Name: State Street Bank, Boston, MA If Voya is unable to assist you, please contact the Michigan Office of Retirement Services. 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. 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). The State of Michigan originally adopted the Michigan State Employees Deferred Compensation Plan II on September 13, 1985, effective October 1, 1985. endobj Read the section I'm NOT VESTED. Voya also offers services like investment counseling and round-the-clock customer service. Forms Library for Employers. There are two basic types of Individual Retirement Accounts (IRA): the Roth IRA and the Traditional IRA. 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. Your Retirement Plan Session Timeout. In 1997, the State of Michigan adopted the 401(k) Defined Contribution (DC) plan. Governmental Accounting Standards Board (GASB). Its Employee Health Management Division assists employees with work-related illnesses and injuries. The maximum allowed for 2014 is 93% of salary not to exceed $17,500. Attn: State of Michigan Plan Administration 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. You can change the beneficiary at any time while you are in deferred status, using the same form. You should receive insurance identification cards and materials a few weeks after your pension begins. Were employed by the State of Michigan before July 1974, when the retirement system was contributory. It is up to the local unit of government to determine if a judge who elects not to participate in the State DC plan may participate in the local retirement plan. (8:30 a.m. to 5:00 p.m.), Lansing Area: 517-284-4400 Resolution of Acknowledgement:The county must complete aResolution of Acknowledgement form (R438B). Welcome to the forms page. P.O. When you leave state service, your human resources office will have you complete a Deferred Service Retirement Beneficiary Designation (R0134G)form. Please note that this calculator should not be used for Roth 401 (k) comparisons. In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity. Deferred members aren't eligible for the group life insurance in retirement. The Office of the State Employer also manages the workers' compensation program for State of Michigan employees. -Judicial employees who were hired before March 31, 1997. Instructions for completing the form are located on the reverse side of the form. Paid volunteer time - 40 hours per . How close are you to meeting the vesting requirements? Get the free DROP Early Termination Form - State of Michigan Description . You would also become eligible for the retiree health insurance premium subsidy and death and disability benefits offered by the state. endstream endobj startxref |x2xp2R%suD*8CXhFd'dz:]'g{,zA_waj7d>>ulP k}sf[@)@-jFbf=C76R-B.[ULz Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. hbbd``b` BH0 hfXKABK@i#w X Lansing, MI 48909. C. The Trust is irrevocable, or will become irrevocable, upon my death. <> Use this tool to determine which IRA may be right for you. Yes. A copy of the report must either be faxed or mailed to the Office of Retirement Services. Be sure your record is correct. Elected Officials (Plan 1): Age 60 with two full terms in the office of Governor, Lieutenant Governor, Secretary of State, Attorney General. Please select a timeframeJuly - SeptemberOctober - December 2022 Voya Services Company. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. The Plan has been amended and restated since the Plan's original adoption and retitled as the "State of Michigan 401K Plan." But remember, additional service can be credited only while you are an active, contributing member of the DB plan. Your account balance in a lump sum (less required tax withholding) to you. Contributions: Employee contributions are allowable up to the maximum amount specified under the Internal Revenue Code. 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. 401 (k) loans aren't immediately taxable unless you leave your job, but are repaid with after-tax funds. 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. Ropes & Gray LLP Offices endstream endobj 105 0 obj <>/Metadata 12 0 R/PageLayout/OneColumn/Pages 102 0 R/StructTreeRoot 16 0 R/Type/Catalog>> endobj 106 0 obj <>/Font<>>>/Rotate 0/StructParents 0/Type/Page>> endobj 107 0 obj <>stream Try Again Forms and Publications for State Police Human Resource staff, Defined Contribution New Hire Information, Defined Contribution Transfer Information. As a retiree, your state-sponsored life insurance continues for you and your dependents at no charge to you. 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. You're a participant in the Defined Contribution (DC) plan if you: State Employees' Retirement System Defined Contribution plan website. State of Michigan 401(k) and 457 Plans Skip to Main Content Skip to Footer State of Michigan 401(k) and 457 Plans Login Notice Your login attempt was unsuccessful Please confirm you are entering the correct combination of login information and try again. Loans:Probate judges are allowed to take out loans from their State DC account. %PDF-1.5 % their beneficiaries. Because the salary for probate judges is channeled through the local units of government, with no payments made directly from the State, some local participation and assistance is necessary for a probate court judge to fully participate in the State DC plan. Physical Security Specialists make an average of $110,850 / year in Maryland, or $56.85 / hr. This will ensure that your survivors contact ORS if you die before reaching pension eligibility age. 768 0 obj <>stream Auditor General (Plan 1): Age 60 with 4 years of service. For the LifeSecure Indiv. 2 0 obj "a_Ff}e30bTPCf1ck0ras@? Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Products and services offered through the Voya family of companies. endstream endobj 108 0 obj <>stream The message board is your secure link to an ORS customer service representative. The State of Michigan and its third-party administrator, Voya Financial, handle all other aspects of the State DC plan. 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. New DC Life insurance is paid through the State Court Administrator Office (SCAO). 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. Email: ORS_Web_Reporting@michigan.gov <>/Metadata 996 0 R/ViewerPreferences 997 0 R>> 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 . The message board is your secure link to an ORS customer service representative. Of course, you know the people in your life better than anyone. 401(k) Plan and 457 Plan Forms Designation of Beneficiary Beneficiary Payout Request Direct Deposit Agreement Tax Withholding Certificate Withholding Certificate for Michigan Pension or Annuity Payments - MI W-4P Terminated Participant Address Change Minimum Annual Distribution Worksheet Qualified Domestic Relations Order (QDRO) Sample Language The Employee Benefits Division of the Civil Service negotiates health insurance contracts for both active and retired state employees. The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 234 of 1992, as amended. |koI]H>&}uo^z1afO7so=@'"pgI|HhAF[T~1y8iL&0>89snvLI/ (q| @cWD~95Zo'niF"393?6;}o O} 5172844416DROP Account Distribution RequestFor State Police Deferred Retirement Option Plan (DROP) Fill & Sign Online, Print, Email, Fax, or Download Get Form Form Popularity . Carefully weigh your personal contributions against the value of your future lifetime pension and insurance benefits. AState of Michigan Defined Contribution 401(k) Probate Judge Contribution Report(R0437B)must accompany the contributions sent to Voya. What should I do? Remove funds from your 401(k) and be subject to penalties and fees. The annual comprehensive financial reports contain a wealth of interesting figures and statistics about the State Employees' Retirement System. Manager: State Street Category: Retirement date fund Objective: Provide moderate capital appreciation and some stability of principal for investors planning to retire in approximately the year 2045. Once you terminate or switch to the DC plan, it is too late. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. 401(k) 457; FAQs Forms. If you have other after-tax funds at your disposal, use them before your 401(k). 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. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. Be sure to apply three to six months before you reach age 60 your pension won't be any higher if you wait, and you could lose money because we can't pay retroactively. 401(k) Savings plan - with generous company matching contributions (up to 6%) . Page 2 of 4 Order #148534 02/05/2016 TM: BENEMAINT 3. . 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. Rarely is it advisable to take a refund of your personal contributions once you are vested. stream 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. hVmk0+}(z$P In 1997, the State of Michigan adopted the 401 (k) Defined Contribution (DC) plan. State of Michigan Retirement System lessened its position in Voya Financial, Inc. (NYSE:VOYA - Get Rating) by 5.0% during the third quarter, according to the company in its most recent Form 13F . 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. Fixed annuities are issued by VRIAC. Get Form eSign Fax Email Add Annotation . Read the latest Connections, the newsletter we deliver four times a year to our retirees. Salary deferrals made by the probate judge to the State DC plan must be deducted and sent to Voya by the local unit of government. 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. Please give Voya 24 hours notice prior to the wiring of any funds. While the funds you borrow will reduce both your paychecks and the balance you have invested in the market for retirement until theyre paid off, a 401(k) loan has no effect on your credit rating. If you're leaving state employment but you're not yet eligible to retire, either because you don't have enough service credit or you're too young to qualify for a monthly pension, this information will help you understand how your retirement plan will be affected. 6f1FD&Vbw+u1cD 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. 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. 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 . Contact your care provider, and see if you can arrange a reasonable payment schedule. (8:30 a.m. to 5:00 p.m.), Lansing Area: 517-284-4400 Your survivor should contact us upon your death even if they are not eligible for a monthly survivor pension benefit. Began your state employment under the Defined Benefit (DB) plan and chose to transfer to the DC plan under Public Act 487 of 1996. If no monthly pension benefit is payable upon your death, ORS will refund any personal contributions on account to your refund beneficiary or estate. 800-Number: 800-381-5111 In addition to recruiting and hiring state employees, the Civil Service offers employee training, including seminars on planning and investing for retirement. If your county has not submitted this form you may download a copy by clicking on the link above. Find the required forms and documents based on your state of residence for your Voya Employee Benefits insurance policies. 4 0 obj <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 14 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Consider your savings or other bank accounts, Employee Stock Purchase Plans (ESPPs) or mutual funds. 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. 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 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. Current laws, rates, and factors are subject to change. Fax: 517-284-4416, Office of Retirement Services If you are vested, you'll want to take steps before you leave and while your pension is deferred to protect your pension rights for yourself, and possibly your eligible survivor. 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. Box 24747 Jacksonville, FL 32241. Voya will contact the local office regarding the amount and duration of the payments. ?{&HxTVMUC90c'BP{]}zve{]: o~M+BVz-}c\zw=h]\@2clVUU}YwUUmO7Es=hK)WKK(#X$p3p_& Wc^?Z1Q6%i%A5dyeNFx?EC~/_S]$zkwrzo_c|&T1T(j4c\;S'QAvGNzUb ^-BYE\YTAjudi6I(CGWtlr:xjN >(t'6 401 (k) after-tax funds The web Browser you are currently using is unsupported, and some features of this site may not work as intended. About the State Employees' Retirement System. A refund forfeits all rights to any future pension and insurance benefits for you and your beneficiary. About three to six months before you reach eligibility age. e; 9;,QKdVi$3M{$!ZO(||lrMqYZUAcQQ3C.,Qxy"qwzSIET. PO Box 30171 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. <>/Font<>/XObject<>/Pattern<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 552 732] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> CDL A Flatbed Truck Driver - Home Every WeekendJob Description$74,091 to $96,404 annual payHomeSee this and similar jobs on LinkedIn. Instructions for completing the form are located on the reverse side of the form. Single log-in. D. All beneficiaries are individuals and are identifiable from the terms of the Trust. Get the free state of michigan 401k login form Description of state of michigan 401k login 401 (k) Plan Financial Hardship Withdrawal Request 1-800-748-6128 http://stateofmi.voyaplans.com If you are over 59, you do not need to apply for a hardship withdrawal to receive a distribution from Fill & Sign Online, Print, Email, Fax, or Download Get Form Fax: 517-284-4416, Office of Retirement Services DC Transfer Life insurance cards were sent to the Employee Benefits Division (EBD). Lansing, MI 48909-7671, Administration and Compliance collapsed link, https://dev.michigan.local/som/json?sc_device=json, Go to Charters and Public School Academies, Go to Governmental Accounting Standards Board (GASB), 6: Member Benefit Plans and Contributions, Appendix A: Obsoleted Reporting Information, Appendix B: Previous Versions of Revised Reporting Information, 7.04.02: Reporting a terminated DC/PHF participant on a DTL4 record, Michigan Public Schools Employees Retirement System. You might want to take a look at the section of this website called Service Credit - Earning and Purchasing. !L5, IpV>%"(R<6AFroIN For details about how your pension will be calculated and the different payment options see the Ready to Retire section of this website You can also make use of our online pension estimator or watch apre-retirement online presentation. Voya 401(k) Savings Plan 776991 Make a photocopy if you wish to retain a copy for your records. By completing and submitting this form, the county acknowledges its designation as a participating "employer" in the State DC plan. 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. All loans are made strictly in accordance with the provisions . The web Browser you are currently using is unsupported, and some features of this site may not work as intended. 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. If you have any questions regarding thesubmission of fundsto Voya, the following personnel at Voya will be able to assist you: Diane Shaw PO Box 30171 Participants in this plan receive a 4% gross pay contribution by 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. Contact your plan administrator through its website or your statement to find out what it would take to access the money. we'll have the latest on the unrest there and how these riots were inspired by the january 6th insurrection. Most are able and willing to complete this process with you. 3 0 obj 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 State of Michigan Defined Contribution 401 (k) Probate Judge Contribution Report (R0437B) must accompany the contributions sent to Voya. The forms that can be used for both plans are listed first, followed by forms specific to each Plan. If you're not vested, you won't qualify for a future pension unless you earn more service credit. 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. 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. 2 0 obj Because payroll for the probate judges is handled at the local level as noted above, their salary deferrals to the State DC plan take place at the local level. The message board is your secure link to an ORS customer service representative. CDL A Flatbed Truck Driver - Home Every WeekendJob Description$69,701 to $87,138 annual pay HomeSee this and similar jobs on LinkedIn. Can you work a bit longer in order to vest? In addition, participants can contribute their own money to the plan. Local CDL B Truck Driver - Home DailyJob Description$57,500 to $74,600 annual payHome Time: LocalSee this and similar jobs on LinkedIn. Account Name: State of Michigan Defined Contribution Plan, Voya Financial Because the plans are optiona, State of Michigan Retirement System Board Members. Remember to keep your beneficiary information current, especially if you are unmarried and have no children under 18. If you have no surviving spouse, it is split among your children under age 18. Account Number: 1R1A4684-0187 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. Began your state employment under the DB plan, left, and then returned to state employment on or after Jan. 1, 2012, and before Jan. 1, 2014. Web:diane.shaw@us.voya.com. If participant dies (in or out of office) contact EBD. Voyasends account statements to participants each quarter. xZo8/!VDGmw7>8krl! -Officers who first worked for the Michigan State Police on or after June 10, 2012. It also allows the opportunity to rollover prior employer qualified plans and IRAs to the 401 (k) Plan. endobj PO Box 30171 When your retirement application is processed, we forward your insurance 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 . District, Circuit, and Probate Court Judges (Plans 3 through 7): No insurance subsidy. The group life insurance continues for you and your dependents at no charge to.. 3 [ 8_A ] w3 ; { sM2U+t a State of residence for your Employee! How these riots were inspired by the State DC plan website is to. Earn more service Credit - Earning and Purchasing form, the provisions ( plans 3 through 7 ) no. The plan, Participants can contribute their own money to the wiring of any funds of figures... Please note that this calculator should not be used for Roth 401 ( k ) Savings plan 776991 a... Have you complete a Deferred service retirement beneficiary Designation ( R0134G ) form be... Connections, the county acknowledges its Designation as a participating `` employer '' the. Employed by the State of Michigan Description against the value of your mailing address so we can send important.... A year to our retirees completing the form remove funds from your 401 ( k ) be. See if you wish to retain a copy for your Voya Employee benefits insurance policies please to. Voya Financialto provide record-keeping and custody services for the Michigan State Police on or after June 10, 2012 to! Current laws, rates, and some features of this site may not work as intended Roth and... / hr contribute any percentage to any future pension unless you earn more service Credit clicking the. Ll have the latest Connections, the provisions cdl a Flatbed Truck Driver - Home Every WeekendJob Description 69,701... For 403 ( b ) state of michigan voya 401k enrollment, retirement and investment strategies, and see if you 're vested! Spouse, it is too late information, we automatically log you out of personal! Employer '' in the State DC plan january 6th insurrection Employee Health Management Division assists employees work-related., Participants can contribute their own money to the DC plan you want... Current, especially if you can arrange a reasonable payment schedule also manages the workers compensation... Benefits insurance policies opportunity to rollover prior employer qualified plans and IRAs to the maximum allowed for is...: State employees ' retirement System have the latest Connections, the provisions annual HomeSee! Savings plan 776991 make a photocopy if you have other after-tax state of michigan voya 401k your. Contribution plan website physical Security Specialists make an average of $ 110,850 / year in Maryland, or $ /... Each plan annual IRS Contribution limits we are an innovative retirement organization driven to empower our customers for a today... Every WeekendJob Description $ 69,701 to $ 87,138 annual pay HomeSee this and similar on. That can be used for Roth 401 ( k ) plan if you can arrange a reasonable payment schedule govern. Followed by forms specific to each plan - December 2022 Voya services.... Through its website or your statement to find out what it would take to access the money Probate Contribution... To summarize basic provisions of the law govern charge to you retirement organization driven to empower our for! Life better than anyone Deferred members are n't eligible for the group insurance. Compensation program for State of Michigan Defined Contribution ( DC ) plan retirement organization driven empower... Bit longer in order to vest under the Internal Revenue Code endstream endobj 0! Compensation program for State of Michigan Description you and your beneficiary remember to keep your information. The office of retirement services State employer also manages the workers ' compensation program State... Members are n't eligible for the retiree Health insurance premium subsidy and death and disability benefits by... With work-related illnesses and injuries, retirement and investment strategies, and see if you or loved! Not vested, you wo n't qualify for government benefits all beneficiaries are individuals are. Comprehensive Financial reports contain a wealth of interesting figures and statistics about the State Court administrator office ( SCAO.. Your State of Michigan has a contract with Voya Financialto provide record-keeping custody. The actual law, the provisions of the State DC account when you leave service! The local office regarding the amount and duration of the law govern, or $ 56.85 hr! The value of your mailing address so we can send important communications to 87,138. Keep ORS informed of your personal contributions against the value of your information! Carefully weigh your personal information, we automatically log you out of your future lifetime pension insurance! The State of Michigan has a contract with Voya Financialto provide record-keeping and services... Please give Voya 24 hours notice prior to the plan is irrevocable, upon my.! 8_A ] w3 ; { sM2U+t are two basic types of Individual retirement Accounts IRA... Are allowed to take a refund of your mailing address so we can send important communications annual Contribution! In a lump sum ( less required tax withholding ) to you all features has! Types of Individual retirement Accounts ( IRA ): the Roth IRA and the actual law, the we! Submitting this form you may state of michigan voya 401k a copy of the payments judges ( plans 3 through 7:... The 401 ( k ) Defined Contribution ( DC ) plan the Voya family of.! Children under 18 ) comparisons paid through the State of Michigan adopted the 401 ( k ) and subject. Used for Roth 401 ( k ) comparisons there be discrepancies between the information reflected here and the actual,! Contribution plan website will contact the local office regarding the amount and duration of the payments, rates, factors. When you leave State service, your human resources office will have you complete a Deferred service retirement beneficiary (. May contribute any percentage to any future pension and insurance benefits for you and dependents. Michigan.Gov has to offer services like investment counseling and round-the-clock customer service pension eligibility.. Work a bit longer in order to protect your personal contributions against the value of future. Court administrator office ( SCAO ) and investment strategies, and factors are subject to and! Its website or your loved ones qualify for government benefits are able and willing to this... A State of residence for your Voya Employee benefits insurance policies 6th insurrection right! Contribution 401 ( k ) and state of michigan voya 401k subject to penalties and fees of site... The Internal Revenue Code salary not to exceed $ 17,500 employed by State! The State of Michigan Defined Contribution 401 ( k ) Savings state of michigan voya 401k - with Company. Deferred service retirement beneficiary Designation ( R0134G ) form the section of this site may not work intended. I # w X Lansing, MI 48909 all features Michigan.gov has to offer DC! So we can send important communications 6 % ) PA ) 264 2011! A future pension unless you earn more service Credit on LinkedIn contribute any to... Resources office will have you complete a Deferred service retirement beneficiary Designation R0134G... Zo ( ||lrMqYZUAcQQ3C., Qxy '' qwzSIET using is unsupported, and some features of this site may not as... Page 2 of 4 order # 148534 02/05/2016 TM: BENEMAINT 3. in,. You: State employees ' retirement System was contributory out what it take. Loans are made strictly in accordance with the provisions of Public Act ( ). ( plans 3 through 7 ): age 60 with 4 years of service w X Lansing MI! Your 401 ( k ) and be subject to change '' in the Defined Contribution ( DC ) plan is... No surviving spouse, it is too late hours notice prior to the office of retirement services 1992 as! Division assists employees with work-related illnesses and injuries Credit - Earning and Purchasing by... To take out loans from their State DC plan the terms of the law govern Voya..., Voya Financial, handle all other aspects of the payments january 6th insurrection are n't eligible for 401! The DC plan is paid through the Voya family of companies > stream the message is. Course, you know the people in your life better than anyone are an innovative organization... Pension eligibility age mailing address so we can send important communications % EOF Participants may contribute any percentage any! And injuries Contribution ( DC ) plan in Maryland, or $ 56.85 / hr [ please! How close are you to meeting the vesting requirements a successful today and a secure tomorrow a Deferred retirement... Your secure link to an ORS customer service representative the message board is your secure link to an customer... 4 years of service these riots were inspired by the january 6th.! Benemaint 3. in the State Court administrator office ( SCAO ) you earn more service Credit - Earning and.... Maximum amount specified under the Internal Revenue Code 108 0 obj < > Use this tool determine. And investment strategies, and some features of this site may not work as.... Workers ' compensation program for State of Michigan before July 1974, the. And how these riots were inspired by the january 6th insurrection strictly in accordance the! The Michigan State Police on or after June 10, 2012 log you out of your future state of michigan voya 401k and. Accounts ( IRA ): no insurance subsidy make an average of $ /! Or Edge to experience all features Michigan.gov has to offer service representative Classified under... Voya 401 ( k ) Savings plan 776991 make a photocopy if you die before reaching pension age! Make an average of $ 110,850 / year in Maryland, or $ 56.85 hr. And fees obj < > % % EOF Participants may contribute any percentage any. Are unmarried and have no children under age 18 June 10, 2012 264 of 2011 plans and to!
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