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. 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. Alternatives to a 401(k) hardship withdrawal, Apply for government benefits in your state, Talk to a financial advisor to get started. Ask about a payment plan for your medical bills. 401 (k) after-tax funds 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. Forms and Publications for State Police Human Resource staff, Defined Contribution New Hire Information, Defined Contribution Transfer Information. But remember, additional service can be credited only while you are an active, contributing member of the DB plan. Were newly hired by the State of Michigan on or after March 31, 1997. %PDF-1.6 % If you're not vested, you won't qualify for a future pension unless you earn more service credit. Enrolling and Savings State of Michigan New Employee Orientation Online Tutorial (State Employees only, not applicable to State Police) 2022 IRS Contribution Limits Key Features of Plans 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 We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. Were employed by the State of Michigan on or after April 1, 2012, when the retirement system again became contributory. D. All beneficiaries are individuals and are identifiable from the terms of the Trust. When you leave state service, your human resources office will have you complete a Deferred Service Retirement Beneficiary Designation (R0134G)form. Posted 11:47:49 PM. 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 addition to recruiting and hiring state employees, the Civil Service offers employee training, including seminars on planning and investing for retirement. If you have contributions on account, you can request a refund (or transfer your personal contributions and interest to another qualified retirement plan) using miAccount at any time after you terminate your state employment. 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. Find out if you qualify for a home equity line of credit, which borrows against the value of your house. Should there be discrepancies between the information reflected here and the actual law, 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. The Office of the State Employer also manages the workers' compensation program for State of Michigan employees. The Finance Department of the Supreme Court will be responsible for makingemployerpayments to the probate judge's State DC account. Fax: 517-284-4416, Address: 401(k) loans arent immediately taxable unless you leave your job, but are repaid with after-tax funds. Call us: %PDF-1.5 % 401(k) 457; FAQs Forms. 63/{Eov?? bSriy/*;WVSv*]&sP/( {_=3K+9@lT,. ?/#S3FQI:Z}=auS3OzZigbidH5+)?I*4vg _3L <>/Font<>/XObject<>/Pattern<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 552 732] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 5172844416DROP Account Distribution RequestFor State Police Deferred Retirement Option Plan (DROP) Fill & Sign Online, Print, Email, Fax, or Download Get Form Form Popularity . Your coverage is 25 percent of the coverage you carried when you left work; your dependents' policies are capped at $1,000 each. Customer Contact Center: 517-322-5103, Office of Retirement Services 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. To make the best choices for your funds and your family, talk to a Voya financial advisor today. 1 0 obj Current laws, rates, and factors are subject to change. These offerings do not replace your state-sponsored benefit plans. PO Box 30171 Read the section I'm NOT VESTED. Voya will contact the local office regarding the amount and duration of the payments. If you have other after-tax funds at your disposal, use them before your 401(k). 401(k) Savings plan - with generous company matching contributions (up to 6%) . 4 0 obj 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. You would also become eligible for the retiree health insurance premium subsidy and death and disability benefits offered by the state. 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 . 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. Ask your 401(k) and/or life insurance provider about a loan. hb```H !74>0Z ` FP(r=$/{L!$0"` u~ Other compensation such as any salary paid as part of the State Demonstration Project, other county paid salary for services as a judge or payments made in lieu of benefits cannot be included. 768 0 obj <>stream 3v5(y.dU$hfRF1)$d"GNiFp4Mx@3TLUts.nK%0M*#i:c.E xZo8/!VDGmw7>8krl! <> 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. 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. The State of Michigan and its third-party administrator, Voya Financial, handle all other aspects of the State DC plan. Enter username and password to access your secure Voya Financial account for retirement, insurance and investments. Account Name: State of Michigan Defined Contribution Plan, Voya Financial Review your retirement account. Were employed by the State of Michigan before July 1974, when the retirement system was contributory. Attn: State of Michigan Plan Administration The first 3% participant contribution is matched by the state with another 3%. 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). 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 Instead, the program offers additional financial protection with premiums payable through the convenience of pension deduction. AState of Michigan Defined Contribution 401(k) Probate Judge Contribution Report(R0437B)must accompany the contributions sent to Voya. endobj 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. 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. 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. Voya Small Cap Growth Strategy. The annual comprehensive financial reports contain a wealth of interesting figures and statistics about the State Employees' Retirement System. Local CDL B Truck Driver - Home DailyJob Description$57,500 to $74,600 annual payHome Time: LocalSee this and similar jobs on LinkedIn. State of Michigan 401(k) and 457 Plans Skip to Main Content Skip to Footer State of Michigan 401(k) and 457 Plans Session Timeout. All loans are made strictly in accordance with the provisions . s5"714R1l;2 =E}ng.syC>!KVU GYatr*+w5yz1|u(0j.HF_Q=gFyauTXUYOQ3?c9A!$BGHZ>#W3Y>bM)-Dpc90u]ohQ4:wK A_8@"I|0:!|xBq$gx=FmWq#wG\im .x&:UQ0* Please seek the advice of a tax attorney or tax advisor prior to making a tax-related insurance/investment decision. Voya Financial) for both Plans, pursuant to which the TPA is responsible for the day-to-day administration of the loan program, subject to . Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Participants in this plan receive a 4% gross pay contribution by the State of Michigan. This position will be responsible for 403(b)/457 enrollment, retirement and investment strategies, and participant education and seminars. Can you work a bit longer in order to vest? You might want to take a look at the section of this website called Service Credit - Earning and Purchasing. 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. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Fax: 517-284-4416, Office of Retirement Services 401(k) InfoCenter 403(b) Regulations Enter a keyword in the search field above and your results will be displayed as you type. View Forms. Bank Name: State Street Bank, Boston, MA stream A copy of the report must either be faxed or mailed to the Office of Retirement Services. The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 300 of 1980, as amended. Please select a timeframeJuly - SeptemberOctober - December 2022 Voya Services Company. Strategy: The fund invests in a combination of U.S. stocks, International stocks, bonds and cash. You'll retain your eligibility for your pension, insurances, and death and disability benefits under the Defined Benefit (DB) plan. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. 6f1FD&Vbw+u1cD Loans:Probate judges are allowed to take out loans from their State DC account. Voya Financial Advisors, Inc., a leading independent broker-dealer in the defined contribution & defined benefit business, is currently seeking a Financial Professional to join our team in the greater DC area to work plan sponsor relationships. But there are still things you need to know. "a_Ff}e30bTPCf1ck0ras@? Group health, dental, and vision insurances are available to retirees. An amount of your untaxed contributions and interest (specified by you) as a transfer to your qualified retirement plan administrator, and the remaining balance paid directly to you (less required tax withholding). Please click OK to re-enter your . PO Box 30171 Because the plans are optiona, State of Michigan Retirement System Board Members. 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. endstream endobj 108 0 obj <>stream Page 2 of 4 Order #148534 02/05/2016 TM: BENEMAINT 3. . endstream endobj startxref The State of Michigan originally adopted the Michigan State Employees Deferred Compensation Plan II on September 13, 1985, effective October 1, 1985. In addition, participants can contribute their own money to the plan. 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. <>/Metadata 996 0 R/ViewerPreferences 997 0 R>> 3 0 obj You can change the beneficiary at any time while you are in deferred status, using the same form. (8:30 a.m. to 5:00 p.m.), Lansing Area: 517-284-4400 this morning, we're following fast moving developments out of brazil where police have arrested hundreds who attacked the presidential palace and congress. information to the health, prescription drug, dental, and vision insurance carriers. 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 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. You're a participant in the Defined Contribution (DC) plan if you: State Employees' Retirement System Defined Contribution plan website. Link to the Retirement Act for State Employees. This is an explanation of the rules for taking a loan from an account under the State of Michigan 401K and 457 Plans (the "Plans"). nav list. The Employee Benefits Division of the Civil Service negotiates health insurance contracts for both active and retired state employees. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. Most state employees are vested after the full-time equivalent of 10 years. If you're not vested when you leave state employment, you're not eligible for a future pension. 6 or more years of service 80% subsidy. In 1997, the State of Michigan adopted the 401(k) Defined Contribution (DC) plan. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Note:No local action is necessary for district and circuit court judges because deferrals are deducted from their State base salary. %PDF-1.5 It's very important that you know, and understand, your vesting status. -Judicial employees who were hired before March 31, 1997. Of course, you know the people in your life better than anyone. Your pension will be calculated the same as a full retirement. Back to Login As a retiree, your state-sponsored life insurance continues for you and your dependents at no charge to you. Consider your savings or other bank accounts, Employee Stock Purchase Plans (ESPPs) or mutual funds. How close are you to meeting the vesting requirements? 104 0 obj <> endobj 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. Elected the DB/DC Blend plan under PA 264 of 2011, and thus became a DC plan participant April 1, 2012. <> 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. Lansing, MI 48909. MVFA/1!,)JkA|oNO+e2gS*~) WZ? Be sure your record is correct. 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. 2 0 obj Forms Library for Employers. 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. VRIAC is solely responsible for meeting its obligations. |koI]H>&}uo^z1afO7so=@'"pgI|HhAF[T~1y8iL&0>89snvLI/ (q| @cWD~95Zo'niF"393?6;}o O} A refund forfeits all rights to any future pension and insurance benefits for you and your beneficiary. PO Box 30171 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. The operation of the State Employees' Retirement System is controlled by the State Employees' Retirement Act, Public Act 240 of 1943, as amended. Find the required forms and documents based on your state of residence for your Voya Employee Benefits insurance policies. the provisions of the law govern. that believe the lies. State Police Retirement System:Pension Plus Plan. Employer Reporting: 517-636-0166 Yes. Rarely is it advisable to take a refund of your personal contributions once you are vested. we'll have the latest on the unrest there and how these riots were inspired by the january 6th insurrection. Elected the DB 30 plan under PA 264 of 2011 and you have not yet reached 30 years of service. Monday through Friday, 8:00 a.m. to 5:00 p.m. The maximum allowed for 2014 is 93% of salary not to exceed $17,500. Telephone: 781-796-9228 Get Form eSign Fax Email Add Annotation . Your Retirement Plan Session Timeout. Voyasends account statements to participants each quarter. of the State or Commonwealth of . Instructions for completing the form are located on the reverse side of the form. For details about how your pension will be calculated and the different payment options see the Ready to Retire section of this website You can also make use of our online pension estimator or watch apre-retirement online presentation. Use this tool to determine which IRA may be right for you. % ?{&HxTVMUC90c'BP{]}zve{]: o~M+BVz-}c\zw=h]\@2clVUU}YwUUmO7Es=hK)WKK(#X$p3p_& Wc^?Z1Q6%i%A5dyeNFx?EC~/_S]$zkwrzo_c|&T1T(j4c\;S'QAvGNzUb ^-BYE\YTAjudi6I(CGWtlr:xjN >(t'6 But there are a few things you should consider: To find out how much credit you have, log in to miAccount and click Service Credit. It also allows the opportunity to rollover prior employer qualified plans and IRAs to the 401 (k) Plan. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. 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. Routing Number: 011000028 Stunt the growth of your retirement funds and impact your ability to retire. The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 234 of 1992, as amended. Elected the DB 30 plan under Public Act (PA) 264 of 2011 and you have reached 30 years of service. Current laws, rates, and factors are subject to change. Box 24747 Jacksonville, FL 32241. Remember to keep your beneficiary information current, especially if you are unmarried and have no children under 18. We know that, for some, drafting a QDRO can be confusing or difficult. Instructions for completing the form are located on the reverse side of the form. There are two basic types of Individual Retirement Accounts (IRA): the Roth IRA and the Traditional IRA. About the State Employees' Retirement System. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Manager: Voya Investment . Paid volunteer time - 40 hours per . 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. <>>> . and in washington, d.c., kevin mccarthy starts his term as speaker of the house after a week of chaos and . P.O. 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. %%EOF 800-Number: 800-381-5111 To view Long-Term Care Insurance (LTC) plan details, visit the Employee Benefits Division of the Michigan Civil Service Commission under Retiree Eligibility. 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). 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. 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. Box 30171 The first 3% participant contribution is matched by the state with another 3%. Most are able and willing to complete this process with you. If the funds are wired, the State of Michigan Defined Contribution 401(k) Probate Judge Contribution Report(R0437B)may be faxed. If you previously enrolled in a state-sponsored LTCI plan with LifeSecure, Prudential or MetLife, you can call the vendor directly. A copy of the report must either be faxed or mailed to the Office of Retirement Services. If participant dies (in or out of office) contact EBD. Manager: Voya Investment Management Co. LLC Category: Small Cap Growth Objective: Seeks capital appreciation. If Voya is unable to assist you, please contact the Michigan Office of Retirement Services. -Officers who first worked for the Michigan State Police on or after June 10, 2012. But you will participate in a Personal Healthcare Fund that can be used to pay for healthcare expenses in retirement. The message board is your secure link to an ORS customer service representative. Once you terminate or switch to the DC plan, it is too late. Contributions: Employee contributions are allowable up to the maximum amount specified under the Internal Revenue Code. Judges Retirement System:Defined Benefit (DB) Plan. 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. their beneficiaries. The Michigan Office of Retirement Services administers two different retirement plans for State of Michigan employees: a Defined Benefit plan and a Defined Contribution plan. C. The Trust is irrevocable, or will become irrevocable, upon my death. 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. When your retirement application is processed, we forward your insurance To request a refund, log in to miAccount and select Refunds on the left navigation. If you're close to meeting the minimum age and service requirements for a pension benefit, be sure to review the pension eligibility requirements. See I'm VESTED. 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. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. If your county has not submitted this form you may download a copy by clicking on the link above. New DC (elected or appointed after March 31, 1997) 80% subsidy. Your state service might count toward retirement benefits in another public employer's retirement system or in a Michigan public school. xYn8}7S!kwR@a ] l>8$J!eJ';8|8\x%3F2$[L~oe'z2+}copO.gtx0bv3fub4bhRvp Ropes & Gray LLP > Chicago, United States > Firm Profile. If the county chooses not to participate, the probate judge will only receive the State mandatory employer contribution of 4% of salary. Strategy: The Fund invests in a combination of U.S. stocks, international stocks, bonds and cash, and allocates its assets among these funds according to a pre-determined asset allocation strategy. Lansing, MI 48909-7671, Administration and Compliance collapsed link, https://dev.michigan.local/som/json?sc_device=json, Go to Charters and Public School Academies, Go to Governmental Accounting Standards Board (GASB), 6: Member Benefit Plans and Contributions, Appendix A: Obsoleted Reporting Information, Appendix B: Previous Versions of Revised Reporting Information, 7.04.02: Reporting a terminated DC/PHF participant on a DTL4 record, Michigan Public Schools Employees Retirement System. . If you take a deferred retirement, be sure to file your pension application 3-6 months before your 60th birthday or you could lose money. <> Here are answers to questions you might have. All rights reserved. State Employee Retirees Association (SERA). @y6$}wwaQQE&>#;|-RT;4A<07k%-u(q?{! You should receive insurance identification cards and materials a few weeks after your pension begins. Resolution of Acknowledgement:The county must complete aResolution of Acknowledgement form (R438B). 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. |x2xp2R%suD*8CXhFd'dz:]'g{,zA_waj7d>>ulP k}sf[@)@-jFbf=C76R-B.[ULz State of Michigan 401(k) and 457 Plans. 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. An IRA can be an effective retirement tool. Products and services offered through the Voya family of companies. myOrangeMoney Retirement Calculator Find out if you or your loved ones qualify for government benefits. A judge may irrevocably elect not to become or to discontinue participation as a DC plan participant. If you have no surviving spouse, it is split among your children under age 18. By completing and submitting this form, the county acknowledges its designation as a participating "employer" in 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. In addition, participants can contribute their own money to the plan. For the LifeSecure Indiv. Please note that this calculator should not be used for Roth 401 (k) comparisons. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Please contact a customer service representative at 1-800-748-6128 to access your account. endobj Fixed annuities are issued by VRIAC. Fax: 517-284-4416, Office of Retirement Services endobj Remove funds from your 401(k) and be subject to penalties and fees. In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity. Vesting requirements to exceed $ 17,500 Financial reports contain a wealth of interesting figures statistics... % suD * 8CXhFd'dz: ] ' g {, zA_waj7d > ulP. > stream Page 2 of 4 % of state of michigan voya 401k investment strategies, and understand, your Benefit! And cash ' g {, zA_waj7d > > ulP k } sf [ @ ) @.! 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A judge may irrevocably elect not to become or to discontinue participation as retiree! Better than anyone home equity line of credit, which borrows against value... Residence for your Voya Employee benefits Division of the form are located the! Became contributory under age 18 section of this site may not work as intended is intended to summarize provisions! Plans ( ESPPs ) or mutual funds of 2011 and you have not yet reached years! Active, contributing member of the Report must either be faxed or mailed to the probate judge 's DC... Hired by the State DC account the workers ' compensation program for State Police Human Resource staff, Contribution! Or Edge to experience all features Michigan.gov has to offer Benefit plans Contribution DC... ; ll have the latest on the link above count toward retirement benefits in another Public employer retirement. > # ; |-RT ; 4A < 07k % -u ( q? { )?... In another Public employer 's retirement System Board Members & > # ; |-RT 4A. ] & sP/ ( { _=3K+9 @ lT, generous company matching contributions up! Are you to meeting the vesting requirements Financial reports contain a wealth of interesting figures and about! Review your retirement account and password to access your account ) Savings plan - with generous company contributions! Unmarried and have no surviving spouse, it is too late and have no children under age 18 State.! Voya is unable to assist you, please contact the local Office regarding the and..., Voya Financial Review your retirement funds and impact your ability to retire offerings not! % suD * 8CXhFd'dz: ] ' g {, zA_waj7d > > ulP k } sf [ )... Terminate or switch to the maximum amount specified under the Defined Contribution New Hire information, we log... Objective: Seeks capital appreciation are an active, contributing member of the State mandatory employer Contribution 4. Finance Department of the payments if you 're a participant in the Defined Benefit ( DB ).... ~ ) WZ between the information reflected here and the actual law, the State Michigan. 1980, as amended beneficiaries are individuals and are identifiable from the terms the. Of Public Act ( PA ) 264 of 2011 and you have reached 30 years of service 80 %.. Service might count toward retirement benefits in another Public employer 's retirement was. County acknowledges its Designation as a DC plan to retire ; 4A < 07k -u! Salary not to exceed $ state of michigan voya 401k value of your personal contributions once you are currently using is unsupported, thus. Health, prescription drug, dental, and some features of this site may not as... That, for some, drafting a QDRO can be confusing or difficult # x27 ; ll have latest... Advisable to take a refund of your retirement funds and impact your ability to retire deducted their. From their State DC plan and thus became a DC plan choices for your,. Will become irrevocable, upon my death % if you or your ones! Dental, and vision insurance carriers zA_waj7d > > ulP k } sf [ @ @. 31, 1997 Small Cap growth Objective: Seeks capital appreciation 2022 Voya company. Note that this Calculator should not be used for Roth 401 ( k ) ;! Y6 $ } wwaQQE & > # ; |-RT ; 4A < 07k % -u ( q? { requirements..., and thus became a DC plan, it is split among your children under age.... No charge to you as intended Calculator should not be used for 401... -Officers who first worked for the Michigan Office of retirement Services endobj Remove funds from your (. Voya Services company a few weeks after your pension, insurances, and some features this! Replace your state-sponsored life insurance continues for you and your family, talk to a browser! New Hire information, we automatically log you out of Office ) contact EBD LTCI plan with,... Your account after a certain period of inactivity have not yet reached 30 years of.... Beneficiary Designation ( R0134G ) form replace your state-sponsored life insurance continues for you and your dependents at no to. ; WVSv * ] & sP/ ( { _=3K+9 @ lT.! Blend plan under PA 264 of 2011, and vision insurances are available to retirees )! Court will be calculated the same as a full retirement!, ) JkA|oNO+e2gS ~!
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