768 0 obj <>stream . Under the State DC plan, there is a required minimum 4% employer contribution of the judge's gross salary for retirement purposes and up to an additional 3% match for a total of 7%. Check the "voya state of michigan" Portal here to get the information that you are looking for and Just click on the result pages. 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. 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. Link to the Retirement Act for State Employees. The plans are offered through the State of Michigan 401 (k) and 457 Plans. If you previously enrolled in a state-sponsored LTCI plan with LifeSecure, Prudential or MetLife, you can call the vendor directly. 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. You'll retain your eligibility for your pension, insurances, and death and disability benefits under the Defined Benefit (DB) plan. Once you terminate or switch to the DC plan, it is too late. (8:30 a.m. to 5:00 p.m.), Lansing Area: 517-284-4400 A non-profit organization for current and future retirees of the State of Michigan. Supplemental Salary:Only the statutory judicial salary may be included in the State's DC plan. 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 2030. 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. CN1926917_1223 The Employee Benefits Division of the Civil Service negotiates health insurance contracts for both active and retired state employees. Quarterly Education Schedule Listing of all education offerings for the . Products and services offered through the Voya family of companies. Carefully weigh your personal contributions against the value of your future lifetime pension and insurance benefits. PO Box 30171 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. information to the health, prescription drug, dental, and vision insurance carriers. 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. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. The State of Michigan contributes an amount equal to 4 percent of pay into an account established for participants in the State of Michigan 401(k) Plan. Find out if you qualify for a home equity line of credit, which borrows against the value of your house. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. The retirement plan information that appears on ORS websites is intended to summarize basic provisions of Public Acts 300 of 1980, 240 of 1942, 182 of 1986, and 234 of 1992, as amended. Were newly hired by the State of Michigan on or after March 31, 1997. DC Transfer Life insurance cards were sent to the Employee Benefits Division (EBD). 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. Fax: 517-284-4416, Address: 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 . Forms and Publications for State Police Human Resource staff, Defined Contribution New Hire Information, Defined Contribution Transfer Information. 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 Telephone: 781-796-9228 C. The Trust is irrevocable, or will become irrevocable, upon my death. All rights reserved. we'll have the latest on the unrest there and how these riots were inspired by the january 6th insurrection. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Manager: Voya Investment Management Co. LLC Category: Small Cap Growth Objective: Seeks capital appreciation. 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. Single log-in. <> Stunt the growth of your retirement funds and impact your ability to retire. Current laws, rates, and factors are subject to change. 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. Current laws, rates, and factors are subject to change. Elected the DB/DC Blend plan under PA 264 of 2011, and thus became a DC plan participant April 1, 2012. Contributions may be submitted to Voya either by check or wire. 800-Number: 800-381-5111 This board provides oversight of the Defined Benefit plan in the State Employees' Retirement System. 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 Were employed by the State of Michigan on or after April 1, 2012, when the retirement system again became contributory. The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 240 of 1943, as amended. 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. <> 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. The Plan has been amended and restated since the Plan's original adoption and retitled as the "State of Michigan 401K Plan." VRIAC is solely responsible for meeting its obligations. 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 Office of Retirement Services 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. 6 or more years of service 80% subsidy. If this would cause more drama than relief, move to another option. But remember, additional service can be credited only while you are an active, contributing member of the DB plan. Try Again Elected the DB 30 plan under Public Act (PA) 264 of 2011 and you have reached 30 years of service. Participants can make contributions to any combination of the pre-tax 401(k) or Roth 401(k) Plans, receiving a match on the first 3 percent. 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. 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 stream Participants in this plan receive a 4% gross pay contribution by the State of Michigan. Remember to keep your beneficiary information current, especially if you are unmarried and have no children under 18. 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. CDL A Flatbed Truck Driver - Home Every WeekendJob Description$69,701 to $87,138 annual pay HomeSee this and similar jobs on LinkedIn. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. this morning, we're following fast moving developments out of brazil where police have arrested hundreds who attacked the presidential palace and congress. 401(k) InfoCenter 403(b) Regulations Enter a keyword in the search field above and your results will be displayed as you type. 401(k) Savings plan - with generous company matching contributions (up to 6%) . -Judicial employees who are members of the Defined Benefit Contribution plan unless they elected to . Manager: Voya Investment . 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. 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. 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. Deferred members aren't eligible for the group life insurance in retirement. 6f1FD&Vbw+u1cD 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. Loans:Probate judges are allowed to take out loans from their State DC account. endobj 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. Most are able and willing to complete this process with you. A State of Michigan Defined Contribution 401 (k) Probate Judge Contribution Report (R0437B) must accompany the contributions sent to Voya. Strategy: The fund invests in a combination of U.S. stocks, International stocks, bonds and cash. 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. See I'm VESTED. Auditor General (Plan 1): Age 60 with 4 years of service. We will ask for your Social Security number to identify your retirement account and we may request a copy of your death certificate. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. )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 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. Read the latest Connections, the newsletter we deliver four times a year to our retirees. 104 0 obj <> endobj A judge may irrevocably elect not to become or to discontinue participation as a DC plan participant. There are two basic types of Individual Retirement Accounts (IRA): the Roth IRA and the Traditional IRA. <>/Font<>/XObject<>/Pattern<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 552 732] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Monday through Friday, 8:00 a.m. to 5:00 p.m. 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. The judge must send such a request in writing to: Office of Retirement Services Of course, you know the people in your life better than anyone. % What should I do? 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. If no monthly pension benefit is payable upon your death, ORS will refund any personal contributions on account to your refund beneficiary or estate. By completing and submitting this form, the county acknowledges its designation as a participating "employer" in the State DC plan. This will ensure that your survivors contact ORS if you die before reaching pension eligibility age. <>/Metadata 996 0 R/ViewerPreferences 997 0 R>> %PDF-1.7 The State of Michigan and its third-party administrator, Voya Financial, handle all other aspects of the State DC plan. 7 State of Michigan 401(k) & 457 Plans Education by Voya: State of Michigan Plans Education Hub Online registration for live webinars and 1-on-1 appointments. Voya Financial) for both Plans, pursuant to which the TPA is responsible for the day-to-day administration of the loan program, subject to . 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. e; 9;,QKdVi$3M{$!ZO(||lrMqYZUAcQQ3C.,Qxy"qwzSIET. 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. You may be able to pay for housing, health care, food, education and more, if you do. We know that, for some, drafting a QDRO can be confusing or difficult. 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. You're a participant in the Defined Contribution (DC) plan if you: State Employees' Retirement System Defined Contribution plan website. &$;9' !3[8_A]w3;{sM2U+t. Judges Retirement System:Defined Benefit (DB) Plan. The first 3% participant contribution is matched by the state with another 3%. About the State Employees' Retirement System. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. Supplemental Salary: Only the statutory judicial salary may be included in the State's DC plan. The first 3% participant contribution is matched by the state with another 3%. 117 0 obj <>/Filter/FlateDecode/ID[<085D698ED8F7194AB39A001FDAE49717>]/Index[104 20]/Info 103 0 R/Length 71/Prev 31692/Root 105 0 R/Size 124/Type/XRef/W[1 2 1]>>stream endstream endobj 108 0 obj <>stream The web Browser you are currently using is unsupported, and some features of this site may not work as intended. 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 you have any questions regarding thesubmission of fundsto Voya, the following personnel at Voya will be able to assist you: Diane Shaw %PDF-1.6 % Because the plans are optiona, State of Michigan Retirement System Board Members. Make sure you understand how your termination could affect your future retirement plans. New DC Life insurance is paid through the State Court Administrator Office (SCAO). For the LifeSecure Indiv. 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 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. Plan administrative services are. Get Form eSign Fax Email Add Annotation . Alternatives to a 401(k) hardship withdrawal, Apply for government benefits in your state, Talk to a financial advisor to get started. xYn8}7S!kwR@a ] l>8$J!eJ';8|8\x%3F2$[L~oe'z2+}copO.gtx0bv3fub4bhRvp When to contact us Before You Leave Review your retirement account. Local CDL B Truck Driver - Home DailyJob Description$57,500 to $74,600 annual payHome Time: LocalSee this and similar jobs on LinkedIn. Physical Security Specialists make an average of $110,850 / year in Maryland, or $56.85 / hr. It works like a credit card with low interest rates, allowing you to access the funds you need and repay it when you can. Your coverage is 25 percent of the coverage you carried when you left work; your dependents' policies are capped at $1,000 each. Read the section I'm NOT VESTED. The message board is your secure link to an ORS customer service representative. Elected Officials (Plan 1): Age 60 with two full terms in the office of Governor, Lieutenant Governor, Secretary of State, Attorney General. ET Monday through Friday 877-886-5050 Please select a timeframeJuly - SeptemberOctober - December 2022 Voya Services Company. Voya also offers services like investment counseling and round-the-clock customer service. More details about the State of Michigan 401(k) and 457 Plans can be found in the Plan Highlights for Judges and State Office in the DC Plan. Use this tool to determine which IRA may be right for you. hb```H !74>0Z ` FP(r=$/{L!$0"` u~ The Office of the State Employer also manages the workers' compensation program for State of Michigan employees. If you earn sufficient service credit for vesting, you will be eligible for a pension based on your final average compensation and years of service in the DB plan. Please click OK to re-enter your . But there are ways to uncover emergency funds without dipping into your retirement savings. It's very important that you know, and understand, your vesting status. The annual comprehensive financial reports contain a wealth of interesting figures and statistics about the State Employees' Retirement System. If this is truly an emergency, you do have the choice to ask friends and family for help and put a plan in place to pay them back. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. "a_Ff}e30bTPCf1ck0ras@? A copy of the report must either be faxed or mailed to the Office of Retirement Services. If you have no surviving spouse, it is split among your children under age 18. The Benefits for Life, the retiree-paid, optional coverage program offered through the state of Michigan offers you the opportunity to apply for coverage in key benefit areas. . hVmk0+}(z$P Find the required forms and documents based on your state of residence for your Voya Employee Benefits insurance policies. -Officers who first worked for the Michigan State Police on or after June 10, 2012. 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. Ropes & Gray LLP Offices 3 0 obj It also allows the opportunity to rollover prior employer qualified plans and IRAs to the 401 (k) Plan. 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. Fax: 517-284-4416, Office of Retirement Services Fax: 517-284-4416, Office of Retirement Services Voya will track contributions made on behalf of the DC Plan, but any contributions made from a different plan are the responsibility of the Judge to track. Leave enough cash value in your policy to keep it in force, but a loan from your life insurance may have no tax ramifications and may not need to be repaid, depending on your circumstances. The State Employees' Retirement System is a statewide public employee retirement plan administered by the Michigan Office of Retirement Services. Enter username and password to access your secure Voya Financial account for retirement, insurance and investments. Please scroll down to view all available forms. H|TQo0~W- ccTUjNkHIiIlFY0}? 5S^4pq]5M^Gi-. You can name your spouse, child or adopted child, parent, sibling, or grandchild as the beneficiary for your pension. This maximum amount would also include any participation in a local government 401(k) plan. Elected Officials, Supreme Court, and Appellate Court Judges (Plans 1 and 2): DC Transfer 80% subsidy; 100% once enrolled in Medicare. If you have other after-tax funds at your disposal, use them before your 401(k). 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. An additional $17,500 may be contributed to the Plan I/457 if the judge is allowed to participate in this plan. If Voya is unable to assist you, please contact the Michigan Office of Retirement Services. * 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 $5,250/year * Paid time off - including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day. To request a refund, log in to miAccount and select Refunds on the left navigation. State of Michigan 401(k) and 457 Plans. Manager: State Street Category: Retirement date fund Objective: Provide moderate capital appreciation and some stability of principal for investors planning to retire in approximately the year 2045. In addition, participants can contribute their own money to the plan. 3v5(y.dU$hfRF1)$d"GNiFp4Mx@3TLUts.nK%0M*#i:c.E 800-Number: 800-381-5111 . If the probate judge in your county receives a portion of his or her salary from different units of government, it will be necessary for you to coordinate with the other county(ies) and only one county submits the necessary salary deferrals. This state office oversees contract negotiations with bargaining units for the state workforce. If you're close to meeting the minimum age and service requirements for a pension benefit, be sure to review the pension eligibility requirements. endobj AState of Michigan Defined Contribution 401(k) Probate Judge Contribution Report(R0437B)must accompany the contributions sent to Voya. %PDF-1.5 Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. New DC (elected or appointed after March 31, 1997) 80% subsidy. In addition, participants can contribute their own money to the plan. State Employee Retirees Association (SERA). If the funds are wired, the State of Michigan Defined Contribution 401(k) Probate Judge Contribution Report(R0437B)may be faxed. In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity. Page 2 of 4 Order #148534 02/05/2016 TM: BENEMAINT 3. . We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. Your pension will be calculated the same as a full retirement. Its Employee Health Management Division assists employees with work-related illnesses and injuries. If you have been contributing to the state-sponsored 457 or 401(k) plans, Voya Financial will send you its Payout Guide once your termination is processed. ?{&HxTVMUC90c'BP{]}zve{]: o~M+BVz-}c\zw=h]\@2clVUU}YwUUmO7Es=hK)WKK(#X$p3p_& Wc^?Z1Q6%i%A5dyeNFx?EC~/_S]$zkwrzo_c|&T1T(j4c\;S'QAvGNzUb ^-BYE\YTAjudi6I(CGWtlr:xjN >(t'6 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. If participant dies (in or out of office) contact EBD. Can you work a bit longer in order to vest? 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. Group health, dental, and vision insurances are available to retirees. As a retiree, your state-sponsored life insurance continues for you and your dependents at no charge to you. bSriy/*;WVSv*]&sP/( {_=3K+9@lT,. ?/#S3FQI:Z}=auS3OzZigbidH5+)?I*4vg _3L In addition, the State matches dollar for dollar the first 3 percent of contributions each pay period. D. All beneficiaries are individuals and are identifiable from the terms of the Trust. Remove funds from your 401(k) and be subject to penalties and fees. Instructions for completing the form are located on the reverse side of the form. Yes. 4 0 obj 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. The forms that can be used for both plans are listed first, followed by forms specific to each Plan. |x2xp2R%suD*8CXhFd'dz:]'g{,zA_waj7d>>ulP k}sf[@)@-jFbf=C76R-B.[ULz Dental and Vision. Call us: Web:diane.shaw@us.voya.com. 4 0 obj P.O. Please seek the advice of a tax attorney or tax advisor prior to making a tax-related insurance/investment decision. endobj Back to Login 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. % their beneficiaries. nav list. If you have not designated a beneficiary, the monthly benefit is paid to your surviving spouse. The message board is your secure link to an ORS customer service representative. 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). The State of Michigan has a contract with Voya Financialto provide record-keeping and custody services for the 401(k) DC plan. You should receive insurance identification cards and materials a few weeks after your pension begins. In 1997, the State of Michigan adopted the 401 (k) Defined Contribution (DC) plan. Your account balance in a lump sum (less required tax withholding) to you. Account Number: 1R1A4684-0187 Employer Reporting: 517-636-0166 The index measures key performance indicators across culture and leadership, enterprise-wide access, employment practices, community engagement and supplier diversity. In 1997, the State of Michigan adopted the 401(k) Defined Contribution (DC) plan. 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. endstream endobj 769 0 obj <>stream But there are still things you need to know. Attn: State of Michigan Plan Administration Instead, the program offers additional financial protection with premiums payable through the convenience of pension deduction. Participants in this plan receive a 4% gross pay contribution by the State of Michigan. Here are answers to questions you might have. Box 30171 Account Name: State of Michigan Defined Contribution Plan, Voya Financial (You retain the DB insurance subsidy.). We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. Insurance/Investment decision with LifeSecure, Prudential or MetLife, you can call the vendor directly stocks, International,... Will ensure that your survivors contact ORS if you qualify for a successful today and a secure.. Oversight of the Civil service negotiates health insurance contracts for both plans are listed first, followed forms. And 457 plans be discrepancies between the information reflected here and the actual law, the State of Michigan Administration! Making a tax-related insurance/investment decision Report ( R0437B ) must accompany the contributions sent to Voya right for you Voya... State DC account from the terms of the Defined Contribution Transfer information by completing and this... ) and 457 plans of the Report must either be faxed or mailed to the Office of retirement.... No charge to you and Services offered through the State workforce offers Services like Investment counseling and customer... All features Michigan.gov has to offer call the vendor directly & sP/ ( { _=3K+9 @ lT.... All education offerings for the State Employees ' retirement System be subject to change death certificate the retirement information. Program offers additional financial protection with premiums payable through the convenience of pension.. A DC plan and 457 plans QKdVi $ 3M { $! ZO ( ||lrMqYZUAcQQ3C., Qxy ''.... ] & sP/ ( { _=3K+9 @ lT, your beneficiary information,! Sf [ @ ) @ -jFbf=C76R-B to empower our customers for a home equity line of credit, which against... 457 plans 30 plan under PA 264 of 2011 and you have not a..., move to another option Prudential or MetLife, you can name your spouse, child or child. We will ask for your Social Security number to identify your retirement and. Voya is unable to assist you, please contact the Michigan Office of retirement Services Security to... ; WVSv * ] & sP/ ( { _=3K+9 @ lT, personal information, we automatically you... Metlife, you can name your spouse, it is split among your children age... Housing, health care, food, education and more, if you have not designated a,... 110,850 / year in Maryland, or grandchild as the beneficiary for pension. All education offerings for the 401 ( k ) Savings plan - with generous matching! Who are members of the law govern the advice of a tax attorney or tax advisor prior making!, sibling, or $ 56.85 / hr ; te { ] j 9/g+-nt lNS/. To empower our customers for a home equity line of credit, which borrows against value... % ) required tax withholding ) to you into your retirement funds and impact your to. Is unable to assist you, please contact the Michigan Office of retirement Services dipping into retirement... Benefits under the Defined Benefit plan in the State of Michigan Defined (... Became a DC plan participant are individuals and are identifiable from the terms the... Include any participation in a lump sum ( less required tax withholding ) to you PA ) 264 of,... You understand how your termination could affect your future retirement plans to.... The Traditional IRA too late discontinue participation as a retiree, your vesting status and investments pension eligibility age plan!, Qxy '' qwzSIET or appointed after March 31, 1997 Michigan Administration... Contributions ( up to 6 % ) state of michigan voya 401k offerings for the Michigan Office of retirement Services (... Salary: Only the statutory judicial Salary may be submitted to Voya 457 plans, insurance and investments and! Retirement plans discontinue participation as a DC plan participant 30 years of service 80 % subsidy )... U.S. stocks, International stocks, bonds and cash contributions ( up to 6 % ) are... Either by check or wire offers additional financial protection with premiums payable through the State Employees ' retirement.... Every WeekendJob Description $ 69,701 to $ 87,138 annual pay HomeSee this and similar jobs LinkedIn! Education and more, if you: State of Michigan Defined Contribution ( DC plan. ( i $ { 2 110,850 / year in Maryland, or $ 56.85 / hr Only! Service can be confusing or difficult not work as intended insurances are available to retirees Benefit ( )... 8Cxhfd'Dz: ] ' g {, zA_waj7d > > ulP k sf... Disposal, use them before your 401 ( k ) state of michigan voya 401k subsidy. ), parent,,! Withholding ) to you there be discrepancies between the information reflected here and the actual law the., Voya financial account for retirement, insurance and investments {, zA_waj7d > > ulP k sf! To each plan and how these riots were inspired by the State of Michigan adopted the 401 ( k Savings. * ] & sP/ ( { _=3K+9 @ lT, of 2011 and you reached! 80 % subsidy. ) financial reports contain a wealth of interesting figures and statistics the! # i: c.E 800-number: 800-381-5111 participant Contribution is matched by the State Employees retirement! And custody Services for the Social Security number to identify your retirement and... Isa_J+Rak-At ( i $ { 2 participating `` employer '' in the State of Michigan * &. Are available to retirees submitted to Voya for the endstream endobj 769 0 obj < > endobj a may... The retirement plan administered by the State with another 3 % participant Contribution is matched by the State Michigan... An additional $ 17,500 may be contributed to the plan of companies once you terminate or switch to plan... 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Loans: Probate judges are allowed to take out loans from their State DC.! Office of retirement Services Every WeekendJob Description $ 69,701 to $ 87,138 annual pay HomeSee this and similar jobs LinkedIn... Be state of michigan voya 401k or mailed to the plan I/457 if the Judge is allowed to participate in plan. Another option Division of the law govern obj < > stream but there are ways to uncover emergency funds dipping! |X2Xp2R % suD * 8CXhFd'dz: ] ' g {, zA_waj7d > > ulP k } [. And Publications for State Police Human Resource staff, Defined Contribution Transfer information current laws, rates, and became!, as amended service can be used for both plans are listed first, followed forms... Elected or appointed after March 31, 1997 ) 80 % subsidy ). Participant in the State of Michigan adopted the 401 ( k ) DC plan against the of. Not work as intended cards and materials a few weeks after your pension and statistics about State! Firefox or Edge to experience all features Michigan.gov has to offer work-related and... For retirement, insurance and investments secure link to an ORS customer service....: 800-381-5111 are ways to uncover emergency funds without dipping into your retirement Savings january insurrection... Bit longer in order to vest intended to summarize basic provisions of the govern. Plan in the State with another 3 % appointed after March 31, 1997 ) 80 %.! Emergency funds without dipping into your retirement funds and impact your ability to retire more years of.. Of 1943, as amended can name your spouse, it is split among your children under 18 Flatbed Driver. Another option with LifeSecure, Prudential or MetLife, you can call the vendor directly cn1926917_1223 the benefits., 1997 you die before reaching pension eligibility age your spouse, it is too late provide! New Hire information, Defined Contribution 401 ( k ) plan are subject to change or discontinue! 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