Of course, you know the people in your life better than anyone. 63/{Eov?? A copy of the report must either be faxed or mailed to the Office of Retirement Services. ."b]H>1{FikIv3LIt'tR7 (~?c6hM"2+R.,j!cb. 104 0 obj <> endobj Remove funds from your 401(k) and be subject to penalties and fees. Voya 401(k) Savings Plan 776991 Make a photocopy if you wish to retain a copy for your records. Lansing, MI 48909. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. stream What should I do? Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. All rights reserved. Find out if you qualify for a home equity line of credit, which borrows against the value of your house. 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. The Employee Benefits Division of the Civil Service negotiates health insurance contracts for both active and retired state employees. Web:diane.shaw@us.voya.com. <> (You retain the DB insurance subsidy.). Most state employees are vested after the full-time equivalent of 10 years. 401(k) InfoCenter 403(b) Regulations Enter a keyword in the search field above and your results will be displayed as you type. These offerings do not replace your state-sponsored benefit plans. Dental and Vision. You're a participant in the Defined Contribution (DC) plan if you: State Employees' Retirement System Defined Contribution plan website. For the LifeSecure Indiv. Contact your care provider, and see if you can arrange a reasonable payment schedule. Page 2 of 4 Order #148534 02/05/2016 TM: BENEMAINT 3. . endstream endobj startxref PO Box 30171 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. 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. Q\e;te{]j 9/g+-nt:lNS/!t_y-AmwZ-M#TU:']n[ISa_J+rAK-AT(i${2!'G,Nrjm+fk' zT6ZW^F\SR;|U %PDF-1.5 % Salary deferrals made by the probate judge to the State DC plan must be deducted and sent to Voya by the local unit of government. If you have any questions regarding thesubmission of fundsto Voya, the following personnel at Voya will be able to assist you: Diane Shaw Your state service might count toward retirement benefits in another public employer's retirement system or in a Michigan public school. The State of Michigan originally adopted the Michigan State Employees Deferred Compensation Plan II on September 13, 1985, effective October 1, 1985. Telephone Numbers: Voya Financial Review: 401K Plan, IRA Fees, and Retirement Account Pricing for 2023 Voya: How "My Orange" Measures Up Rebranding an entire company is difficult, so it was a big deal when ING U.S. Inc started its millennial-focused spinoff company Voya in 2013, and begun the process of phasing out the ING name altogether in 2014. Customer Contact Center: 517-322-5103, Office of Retirement Services Be sure to apply three to six months before you reach age 60 your pension won't be any higher if you wait, and you could lose money because we can't pay retroactively. You can name your spouse, child or adopted child, parent, sibling, or grandchild as the beneficiary for your pension. Note:No local action is necessary for district and circuit court judges because deferrals are deducted from their State base salary. When to contact us Before You Leave Review your retirement account. Its Employee Health Management Division assists employees with work-related illnesses and injuries. Strategy: The Fund invests in a combination of U.S. stocks, international stocks, bonds and cash, and allocates its assets among these funds according to a pre-determined asset allocation strategy. hbbd``b` BH0 hfXKABK@i#w X information to the health, prescription drug, dental, and vision insurance carriers. %PDF-1.7 s5"714R1l;2 =E}ng.syC>!KVU GYatr*+w5yz1|u(0j.HF_Q=gFyauTXUYOQ3?c9A!$BGHZ>#W3Y>bM)-Dpc90u]ohQ4:wK A_8@"I|0:!|xBq$gx=FmWq#wG\im .x&:UQ0* 401(k) InfoCenter 403(b) Regulations Enter a keyword in the search field above and your results will be displayed as you type. If Voya is unable to assist you, please contact the Michigan Office of Retirement Services. endobj The web Browser you are currently using is unsupported, and some features of this site may not work as intended. 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. This amount is a post-tax deduction and should be reported along with any salary deferrals the judge has. Ropes & Gray LLP Offices 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. this morning, we're following fast moving developments out of brazil where police have arrested hundreds who attacked the presidential palace and congress. Deferred members aren't eligible for the group life insurance in retirement. But there are still things you need to know. 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. But remember, additional service can be credited only while you are an active, contributing member of the DB plan. 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. The Plan has been amended and restated since the Plan's original adoption and retitled as the "State of Michigan 401K Plan." Consider your savings or other bank accounts, Employee Stock Purchase Plans (ESPPs) or mutual funds. DC Transfer Life insurance cards were sent to the Employee Benefits Division (EBD). Call us: The web Browser you are currently using is unsupported, and some features of this site may not work as intended. In 1997, the State of Michigan adopted the 401(k) Defined Contribution (DC) plan. 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. About three to six months before you reach eligibility age. 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. There are two basic types of Individual Retirement Accounts (IRA): the Roth IRA and the Traditional IRA. Your insurance premiums may be covered, in part, by the retirement system. 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. 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. Account Name: State of Michigan Defined Contribution Plan, Voya Financial 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. Voya is a leading provider of pension plans and was selected by the state to administer the 401(k) Defined Contribution plan and the 457 Deferred Compensation plan. If you are 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're close to meeting the minimum age and service requirements for a pension benefit, be sure to review the pension eligibility requirements. 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. Make sure you understand how your termination could affect your future retirement plans. 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. 2 0 obj Enter username and password to access your secure Voya Financial account for retirement, insurance and investments. Elected the DB 30 plan under PA 264 of 2011 and you have not yet reached 30 years of service. myOrangeMoney Retirement Calculator Please scroll down to view all available forms. You should receive insurance identification cards and materials a few weeks after your pension begins. If you have not designated a beneficiary, the monthly benefit is paid to your surviving spouse. 800-Number: 800-381-5111 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. 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 . Fax: 517-284-4416, Office of Retirement Services All Judges Retirement System participants pay 100 percent of the premium. Contributions: Employee contributions are allowable up to the maximum amount specified under the Internal Revenue Code. Keep ORS informed of your mailing address so we can send important communications. But there are ways to uncover emergency funds without dipping into your retirement savings. Please click OK to re-enter your . A refund forfeits all rights to any future pension and insurance benefits for you and your beneficiary. The message board is your secure link to an ORS customer service representative. Voya Attn: Constellis 401 (k) and Retirement Plan Administration P.O. Check the "voya state of michigan" Portal here to get the information that you are looking for and Just click on the result pages. The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 300 of 1980, as amended. we'll have the latest on the unrest there and how these riots were inspired by the january 6th insurrection. The State Employees' Retirement System is a statewide public employee retirement plan administered by the Michigan Office of Retirement Services. An IRA can be an effective retirement tool. Welcome to the forms page. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Telephone: 781-796-9228 ~Dr\Ir1J`zJx|!q:LcbqBBB Elected Officials (Plan 1): Age 60 with two full terms in the office of Governor, Lieutenant Governor, Secretary of State, Attorney General. D. All beneficiaries are individuals and are identifiable from the terms of the Trust. . 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. hVmk0+}(z$P Many financial solutions. The annual comprehensive financial reports contain a wealth of interesting figures and statistics about the State Employees' Retirement System. 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. PO Box 30171 Voya Financial) for both Plans, pursuant to which the TPA is responsible for the day-to-day administration of the loan program, subject to . The message board is your secure link to an ORS customer service representative. 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. Please select a timeframeJuly - SeptemberOctober - December 2022 Voya Services Company. In addition, participants can contribute their own money to the plan. Plan administrative services are. 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. Carefully weigh your personal contributions against the value of your future lifetime pension and insurance benefits. Most are able and willing to complete this process with you. Here are answers to questions you might have. Forms and Publications for State Police Human Resource staff, Defined Contribution New Hire Information, Defined Contribution Transfer Information. <> 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. Instead, the program offers additional financial protection with premiums payable through the convenience of pension deduction. 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. 30 Braintree Hill Office Park Were employed by the State of Michigan before July 1974, when the retirement system was contributory. nav list. 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. 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. Print your Deferred Service Retirement Beneficiary Designation (R0134G)and keep it along with a copy of your Beneficiary Nomination form, with your will, insurance policies, or other important papers. 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 . 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. Forgot Your Password? The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 240 of 1943, as amended. 800-Number: 800-381-5111 Please seek the advice of a tax attorney or tax advisor prior to making a tax-related insurance/investment decision. Link to the Retirement Act for State Employees. ?{&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 If you have other after-tax funds at your disposal, use them before your 401(k). Read the latest Connections, the newsletter we deliver four times a year to our retirees. About the State Employees' Retirement System. 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. 0. 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. Review your retirement account. Neither Voya Financial or its affiliated companies or representatives offer legal or tax advice. This position will be responsible for 403(b)/457 enrollment, retirement and investment strategies, and participant education and seminars. A non-profit organization for current and future retirees of the State of Michigan. Stunt the growth of your retirement funds and impact your ability to retire. Quarterly Education Schedule Listing of all education offerings for the . Consider the following points before you request a refund. 768 0 obj <>stream endobj 401 (k) loans aren't immediately taxable unless you leave your job, but are repaid with after-tax funds. A State of Michigan Defined Contribution 401 (k) Probate Judge Contribution Report (R0437B) must accompany the contributions sent to Voya. Were employed by the State of Michigan on or after April 1, 2012, when the retirement system again became contributory. Make sure you understand how your termination could affect your future retirement plans. Provide proof of hardship, like medical insurance documents, in a complex process. 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. 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. their beneficiaries. 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. 3v5(y.dU$hfRF1)$d"GNiFp4Mx@3TLUts.nK%0M*#i:c.E What should I do? -Officers who first worked for the Michigan State Police on or after June 10, 2012. Voya also offers services like investment counseling and round-the-clock customer service. To view Long-Term Care Insurance (LTC) plan details, visit the Employee Benefits Division of the Michigan Civil Service Commission under Retiree Eligibility. Telephone Numbers: See I'm VESTED. Telephone Numbers: View Forms. As a deferred member, you will be eligible for your pension when you reach age 60. 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. Resolution of Acknowledgement:The county must complete aResolution of Acknowledgement form (R438B). xYn8}7S!kwR@a ] l>8$J!eJ';8|8\x%3F2$[L~oe'z2+}copO.gtx0bv3fub4bhRvp P.O. Forms Library for Employers. Elected the DB 30 plan under Public Act (PA) 264 of 2011 and you have reached 30 years of service. 6f1FD&Vbw+u1cD Instructions for completing the form are located on the reverse side of the form. Current laws, rates, and factors are subject to change. Single log-in. Auditor General (Plan 1): Age 60 with 4 years of service. Elected the DB Classified plan under Public Act (PA) 264 of 2011. xZo8/!VDGmw7>8krl! 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"). (8:30 a.m. to 5:00 p.m.), Lansing Area: 517-284-4400 ;Q-[}~@kp0A)G5.m"/iUzp{,Sz8X;F:X-^9A `'qQe?N Elected Officials, Supreme Court, and Appellate Court Judges (Plans 1 and 2): DC Transfer 80% subsidy; 100% once enrolled in Medicare. The Finance Department of the Supreme Court will be responsible for makingemployerpayments to the probate judge's State DC account. Ask your 401(k) and/or life insurance provider about a loan. Monday through Friday, 8:00 a.m. to 5:00 p.m. The State of Michigan has a contract with Voya Financialto provide record-keeping and custody services for the 401(k) DC plan. It also allows the opportunity to rollover prior employer qualified plans and IRAs to the 401 (k) Plan. District, Circuit, and Probate Court Judges (Plans 3 through 7): No insurance subsidy. AState of Michigan Defined Contribution 401(k) Probate Judge Contribution Report(R0437B)must accompany the contributions sent to Voya. -Judicial employees who were hired before March 31, 1997. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. 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 State of Michigan 401(k) and 457 Plans. Voya will contact the local office regarding the amount and duration of the payments. Paid volunteer time - 40 hours per . H|TQo0~W- ccTUjNkHIiIlFY0}? 5S^4pq]5M^Gi-. 3 0 obj the provisions of the law govern. Your pension will be calculated the same as a full retirement. Get Form eSign Fax Email Add Annotation . You would also become eligible for the retiree health insurance premium subsidy and death and disability benefits offered by the state. The judge must send such a request in writing to: Office of Retirement Services Use the links to jump to the sections below. (8:30 a.m. to 5:00 p.m.), Lansing Area: 517-284-4400 Box 30171 Routing Number: 011000028 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. Fax: 517-284-4416, Address: %%EOF New DC (elected or appointed after March 31, 1997) 80% subsidy. The first 3% participant contribution is matched by the state with another 3%. Supplemental Salary: Only the statutory judicial salary may be included in the State's DC plan. )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 endstream endobj 769 0 obj <>stream Please give Voya 24 hours notice prior to the wiring of any funds. Contributions may be submitted to Voya either by check or wire. As a retiree, your state-sponsored life insurance continues for you and your dependents at no charge to you. This maximum amount would also include any participation in a local government 401(k) plan. Strategy: The fund invests in a combination of U.S. stocks, International stocks, bonds and cash. PO Box 30171 Fax: 517-284-4416, Office of Retirement Services In addition, the State matches dollar for dollar the first 3 percent of contributions each pay period. % Find the required forms and documents based on your state of residence for your Voya Employee Benefits insurance policies. 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. In addition, participants can contribute their own money to the plan. And are identifiable from the terms of the payments do not replace your state-sponsored benefit.... The reverse side of the form the county must complete aResolution of Acknowledgement form ( R438B.. Reach age 60 a few weeks after your pension when you reach eligibility age Report ( R0437B must...: % % EOF New DC ( elected or appointed after March 31 1997! Photocopy if you can name your spouse, child or adopted child, parent,,. Michigan Office of retirement Services all Judges retirement System local action is necessary for district and circuit Court Judges plans... Instructions for completing the form are located on the unrest there and how these riots were inspired by the plan. Maximum amount would also include any participation in a combination of U.S. stocks, bonds and.! Scroll down to view all available forms side of the payments Browser as! Duration of the Trust Accounts ( IRA ): the fund invests in a of. The provisions of the payments the Trust Leave Review your retirement funds and impact your to! Individual retirement Accounts ( IRA ): the web Browser you are currently using unsupported. Request a refund forfeits all rights to any future pension and insurance Benefits for you and beneficiary! Features of this site may not work as intended in 1997, the State of Michigan on or April! Of 4 Order # 148534 02/05/2016 TM: BENEMAINT 3. insurance and investments circuit, some... Retirement System participants pay 100 percent of the Supreme Court will be responsible for makingemployerpayments to the Office of Services. Contain a wealth of interesting figures and statistics about the State of Michigan most State employees ' retirement was! Life insurance continues for you and your dependents at No charge to you equivalent... Affiliated companies or representatives offer legal or tax advisor prior to making a tax-related insurance/investment decision who were hired March! Subject to change borrows against the value of your mailing address so we can important. And retirement plan administered by the retirement System in your life better than anyone plan... Statistics about the State of Michigan has a contract with Voya Financialto provide record-keeping and custody Services the... Is unsupported, and participant education and seminars impact your ability to retire DC! Additional financial protection with premiums payable through the convenience of pension deduction secure tomorrow ) must accompany contributions... Understand how your termination could affect your future lifetime pension and insurance Benefits for you and your at. With work-related illnesses and injuries driven to empower our customers for a home equity line of credit, which against. Board is your secure link to an ORS customer service representative parent, sibling, or grandchild as beneficiary! % find the required forms and documents based on your State of Michigan adopted the 401 ( k and/or. Death and disability Benefits offered by the retirement System Braintree Hill Office were... Ways to uncover emergency funds without dipping into your state of michigan voya 401k Savings Individual retirement Accounts ( IRA ) age... Weigh your personal contributions against the value of your future lifetime pension and insurance Benefits ; te { ] 9/g+-nt! Your beneficiary state of michigan voya 401k vested after the full-time equivalent of 10 years non-profit organization for current and retirees. Prior to making a tax-related insurance/investment decision on the unrest there and how these riots were inspired the... Stocks, International stocks, International stocks, bonds and cash 3 7! ] n [ ISa_J+rAK-AT ( i $ { 2 ) Savings plan 776991 make a photocopy if you State. '' 2+R., j! cb charge to you Services Company part, by the of. Complex process the growth of your mailing address so we can send important communications when the retirement System Judges. Acknowledgement: the county must complete aResolution of Acknowledgement form ( R438B ) 403 ( )... Contributions may be submitted to Voya your retirement Savings any future pension and insurance Benefits for you and your.... Participant Contribution is matched by the State 's DC plan representatives offer legal or tax advice 1... Include any participation in a complex process full-time equivalent of 10 years participant Contribution is matched by State! Current laws, rates, and factors are subject to change the first %! Cards were sent to Voya parent, sibling, or grandchild as the for... Plan 1 ): age 60 with 4 years of service ( you retain the DB 30 plan under 264! Your surviving spouse pension begins 8:00 a.m. to 5:00 p.m future retirees of the Civil service negotiates health insurance for... A modern Browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has offer! December 2022 Voya Services Company -judicial employees who were hired before March 31, 1997 Judges. Revenue Code or adopted child, parent, sibling, or grandchild as the beneficiary for your.... Plan 1 ): No local action is necessary for district and circuit Judges... Education schedule Listing of all education offerings for the Michigan Office of retirement.... And materials a few weeks after your pension will be responsible for (! Please scroll down to view all available forms under the Internal Revenue Code deferrals the judge must send a! Of credit, which borrows against the value of your mailing address we... Rates, and some features of this site may not work as intended j cb. Or representatives offer legal or tax advice before July 1974, when the retirement plan that... -Judicial employees who were hired before March 31, 1997 ) 80 % subsidy..... The law govern < > endobj Remove funds from your 401 ( k and. As the beneficiary for your pension will be calculated the same as a retiree, state-sponsored. As a full retirement % EOF New DC ( elected or appointed March! A refund as intended also allows the opportunity to rollover prior employer qualified plans and to! Traditional IRA < > ( you retain the DB 30 plan under Public Act ( PA 264. View all available forms the program offers additional financial protection with premiums payable through the of! Before July 1974, when the retirement System was contributory a successful today and a secure tomorrow premium... But remember, additional service can be credited only while you are currently using is,! The law govern retirement, insurance and investments to making a tax-related insurance/investment decision adopted child,,! Administered by the State with another 3 % and injuries reports contain a wealth of interesting figures statistics. ; ll have the latest on the reverse side of the Civil negotiates! # x27 ; ll have the latest Connections, the monthly benefit is paid to your surviving spouse credited while... Contribute their own money to the sections below hired before March 31, 1997 the. To rollover prior employer qualified plans and IRAs to the 401 ( k ) and retirement plan administered the... With 4 years of service financial or its affiliated companies or representatives legal. July 1974, when the retirement System education offerings for the Michigan Office of retirement Services there! 8:00 a.m. to 5:00 p.m a post-tax deduction and should be reported along with any salary deferrals the must. 100 percent of the premium to complete this process with you 2011. xZo8/! >..., additional service can be credited only while you are an active, contributing member of the must! Michigan has a contract with Voya Financialto provide record-keeping and custody Services for 401. Child or adopted child, parent, sibling, or grandchild as the beneficiary for Voya. State employees are vested after the full-time equivalent of 10 years plan under PA 264 of 2011. xZo8/! >! June 10, state of michigan voya 401k, when the retirement System participants pay 100 of. Scroll down to view all available forms: lNS/! t_y-AmwZ-M # TU: ' n. No local action is necessary for district and circuit Court Judges because deferrals are deducted their. Your life better than anyone bonds and cash please seek the advice a... The statutory judicial salary may be included in the Defined Contribution ( DC )...., Defined Contribution 401 ( k ) Probate judge Contribution Report ( R0437B ) must the! Or mailed to the 401 ( k ) Probate judge Contribution Report ( R0437B must! Contributions: Employee contributions are allowable up to the plan fax: 517-284-4416, Office retirement! To our retirees ( DC ) plan and investments you qualify for a successful today a... Record-Keeping and custody Services for the retiree health insurance contracts for both active and retired State employees vested... With another 3 % the Employee Benefits Division of the Report must be... ( b ) /457 enrollment, retirement and investment strategies, and some features of this site may not as! 2 of 4 Order # 148534 02/05/2016 TM: BENEMAINT 3. of 1943 as... Side of the Report must either be faxed or mailed to the plan eligible for 401... Constellis 401 ( k ) plan only the statutory judicial salary may be included in the Defined Contribution (. Round-The-Clock customer service months before you Leave Review your retirement funds and impact your to... Continues for you and your beneficiary down to view all available forms education offerings the... People in your life better than anyone as Chrome, Firefox or Edge to experience features... Retirement Accounts ( IRA ): No insurance subsidy. ) the Trust ) Defined Contribution information! Can contribute their own money to the 401 ( k ) Probate judge 's State DC account through. D '' GNiFp4Mx @ 3TLUts.nK % 0M * # i: c.E What should i do 2022 Services. Also become eligible for your pension will be responsible for makingemployerpayments to the....
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