state of michigan voya 401k

stream The annual comprehensive financial reports contain a wealth of interesting figures and statistics about the State Employees' 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 $5,250/year . Quarterly Education Schedule Listing of all education offerings for the . Get the free DROP Early Termination Form - State of Michigan Description . Instructions for completing the form are located on the reverse side of the form. endstream endobj 108 0 obj <>stream Page 2 of 4 Order #148534 02/05/2016 TM: BENEMAINT 3. . 7 State of Michigan 401(k) & 457 Plans Education by Voya: State of Michigan Plans Education Hub Online registration for live webinars and 1-on-1 appointments. Can you work a bit longer in order to vest? Voya Financial Advisors Inc. has expanded the firm's wealth solutions sales team by hiring Rod Toppin as regional vice president for the Northeast, the New York-based company announced in an email. Instructions for completing the form are located on the reverse side of the form. Please give Voya 24 hours notice prior to the wiring of any funds. If you're not vested when you leave state employment, you're not eligible for a future pension. Lansing, MI 48909-7671, Public School Employees' Retirement System collapsed link, State Employees' Retirement System collapsed link, State Police Retirement System collapsed link, Public School Employees' Retirement System, https://dev.michigan.local/som/json?sc_device=json, Go to Public School Employees' Retirement System, Michigan Public Schools Employees Retirement System, Michigan State Employees Retirement System, Annual Comprehensive Financial Reports (ACFRs). For the LifeSecure Indiv. An IRA can be an effective retirement tool. Use this tool to determine which IRA may be right for you. Fixed annuities are issued by VRIAC. Please click OK to re-enter your . Contributions may be submitted to Voya either by check or wire. Q\e;te{]j 9/g+-nt:lNS/!t_y-AmwZ-M#TU:']n[ISa_J+rAK-AT(i${2!'G,Nrjm+fk' zT6ZW^F\SR;|U %%EOF Account Name: State of Michigan Defined Contribution Plan, Voya Financial 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. New DC Life insurance is paid through the State Court Administrator Office (SCAO). Auditor General (Plan 1): Age 60 with 4 years of service. and in washington, d.c., kevin mccarthy starts his term as speaker of the house after a week of chaos and . 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%. 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. 1 0 obj If you have no surviving spouse, it is split among your children under age 18. 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. 768 0 obj <>stream Read the section I'm NOT VESTED. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. @y6$}wwaQQE&>#;|-RT;4A<07k%-u(q?{! Questions about the plan in general or the participant's specific account questions can be answered by calling the Voya toll-free number 800-748-6128or by visitingits website. Its Employee Health Management Division assists employees with work-related illnesses and injuries. How close are you to meeting the vesting requirements? But there are a few things you should consider: To find out how much credit you have, log in to miAccount and click Service Credit. 800-Number: 800-381-5111 The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 300 of 1980, as amended. ?{&HxTVMUC90c'BP{]}zve{]: o~M+BVz-}c\zw=h]\@2clVUU}YwUUmO7Es=hK)WKK(#X$p3p_& Wc^?Z1Q6%i%A5dyeNFx?EC~/_S]$zkwrzo_c|&T1T(j4c\;S'QAvGNzUb ^-BYE\YTAjudi6I(CGWtlr:xjN >(t'6 Were employed by the State of Michigan on or after April 1, 2012, when the retirement system again became contributory. information to the health, prescription drug, dental, and vision insurance carriers. Judges and elected officials first hired on or after March 31, 1997, are in the Defined Contribution (DC) plan. 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 Please seek the advice of a tax attorney or tax advisor prior to making a tax-related insurance/investment decision. myOrangeMoney Retirement Calculator If no monthly pension benefit is payable upon your death, ORS will refund any personal contributions on account to your refund beneficiary or estate. See I'm VESTED. Elected Officials (Plan 1): Age 60 with two full terms in the office of Governor, Lieutenant Governor, Secretary of State, Attorney General. Maximum Deferral rates change annually. 2 0 obj Posted 11:47:49 PM. Rarely is it advisable to take a refund of your personal contributions once you are vested. Fax: 517-284-4416, Office of Retirement Services The web Browser you are currently using is unsupported, and some features of this site may not work as intended. 3 0 obj Please scroll down to view all available forms. Here are answers to questions you might have. Physical Security Specialists make an average of $110,850 / year in Maryland, or $56.85 / hr. -Judicial employees who were hired before March 31, 1997. A judge may irrevocably elect not to become or to discontinue participation as a DC plan participant. Box 30171 You can change the beneficiary at any time while you are in deferred status, using the same form. Current laws, rates, and factors are subject to change. 6f1FD&Vbw+u1cD When you leave state service, your human resources office will have you complete a Deferred Service Retirement Beneficiary Designation (R0134G)form. You may be able to pay for housing, health care, food, education and more, if you do. The message board is your secure link to an ORS customer service representative. 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 . Elected the DB/DC Blend plan under PA 264 of 2011, and thus became a DC plan participant April 1, 2012. 800-Number: 800-381-5111 Bank Name: State Street Bank, Boston, MA Your untaxed contributions and interest as a transfer to your qualified retirement plan administrator, and previously taxed contributions sent to you. Because the plans are optiona, State of Michigan Retirement System Board Members. Read the latest Connections, the newsletter we deliver four times a year to our retirees. 800-Number: 800-381-5111 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 . This board provides oversight of the Defined Benefit plan in the State Employees' Retirement System. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. State Police Retirement System:Pension Plus Plan. To make the best choices for your funds and your family, talk to a Voya financial advisor today. In addition to recruiting and hiring state employees, the Civil Service offers employee training, including seminars on planning and investing for retirement. If you're close to meeting the minimum age and service requirements for a pension benefit, be sure to review the pension eligibility requirements. The State of Michigan originally adopted the Michigan State Employees Deferred Compensation Plan II on September 13, 1985, effective October 1, 1985. There are two basic types of Individual Retirement Accounts (IRA): the Roth IRA and the Traditional IRA. &$;9' !3[8_A]w3;{sM2U+t. 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. 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. The Plan has been amended and restated since the Plan's original adoption and retitled as the "State of Michigan 401K Plan." Your coverage is 25 percent of the coverage you carried when you left work; your dependents' policies are capped at $1,000 each. endobj Current laws, rates, and factors are subject to change. If you have not designated a beneficiary, the monthly benefit is paid to your surviving spouse. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. 63/{Eov?? (8:30 a.m. to 5:00 p.m.), Lansing Area: 517-284-4400 <>/Font<>/XObject<>/Pattern<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 552 732] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> All loans are made strictly in accordance with the provisions . 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 240 of 1943, as amended. Remember to keep your beneficiary information current, especially if you are unmarried and have no children under 18. Contact your care provider, and see if you can arrange a reasonable payment schedule. 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. What should I do? 3 0 obj This position will be responsible for 403(b)/457 enrollment, retirement and investment strategies, and participant education and seminars. 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. Group health, dental, and vision insurances are available to retirees. The plans are offered through the State of Michigan 401 (k) and 457 Plans. Fax: 517-284-4416, Address: PO Box 30171 %PDF-1.7 Telephone Numbers: Are you aware that certain types of service credit like public school and university employment, workers' compensation, and some military service may count toward your vesting requirement? 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. But there are ways to uncover emergency funds without dipping into your retirement savings. 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. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. New DC (elected or appointed after March 31, 1997) 80% subsidy. As a retiree, your state-sponsored life insurance continues for you and your dependents at no charge to you. State Employee Retirees Association (SERA). But there are still things you need to know. 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. 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. Governmental Accounting Standards Board (GASB). Remove funds from your 401(k) and be subject to penalties and fees. Get Form eSign Fax Email Add Annotation . The first 3% participant contribution is matched by the state with another 3%. 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 Columbus area to work plan sponsor relationships. Posted 11:47:40 PM. 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. of the State or Commonwealth of . Ropes & Gray LLP Offices Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. In addition, the State matches dollar for dollar the first 3 percent of contributions each pay period. This state office oversees contract negotiations with bargaining units for the state workforce. endstream endobj 769 0 obj <>stream If participant dies (in or out of office) contact EBD. We will ask for your Social Security number to identify your retirement account and we may request a copy of your death certificate. 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. You can name your spouse, child or adopted child, parent, sibling, or grandchild as the beneficiary for your pension. Manager: Voya Investment Management Co. LLC Category: Small Cap Growth Objective: Seeks capital appreciation. Strategy: The fund invests in a combination of U.S. stocks, International stocks, bonds and cash. By electing to participate in the State's DC plan, the Judge will forfeit all right to participate in the Local Retirement System. 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. Be sure your record is correct. 401(k) 457; FAQs Forms. To view Long-Term Care Insurance (LTC) plan details, visit the Employee Benefits Division of the Michigan Civil Service Commission under Retiree Eligibility. . We know that, for some, drafting a QDRO can be confusing or difficult. 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. 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. <> Note:No local action is necessary for district and circuit court judges because deferrals are deducted from their State base 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. Enter username and password to access your secure Voya Financial account for retirement, insurance and investments. Consider the following points before you request a refund. 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 If you have any questions regarding thesubmission of fundsto Voya, the following personnel at Voya will be able to assist you: Diane Shaw The message board is your secure link to an ORS customer service representative. Fax: 517-284-4416, Office of Retirement Services The maximum allowed for 2014 is 93% of salary not to exceed $17,500. bSriy/*;WVSv*]&sP/( {_=3K+9@lT,. ?/#S3FQI:Z}=auS3OzZigbidH5+)?I*4vg _3L We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. H|TQo0~W- ccTUjNkHIiIlFY0}? 5S^4pq]5M^Gi-. The message board is your secure link to an ORS customer service representative. Many financial solutions. Your pension will be calculated the same as a full retirement. The judge must send such a request in writing to: Office of Retirement Services 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. PO Box 30171 About three to six months before you reach eligibility age. nav list. 401 (k) loans aren't immediately taxable unless you leave your job, but are repaid with after-tax funds. If you're not vested, you won't qualify for a future pension unless you earn more service credit. Current laws, rates, and factors are subject to change. 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. Voya also offers services like investment counseling and round-the-clock customer service. 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. |x2xp2R%suD*8CXhFd'dz:]'g{,zA_waj7d>>ulP k}sf[@)@-jFbf=C76R-B.[ULz 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"). Telephone Numbers: The web Browser you are currently using is unsupported, and some features of this site may not work as intended. 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. But remember, additional service can be credited only while you are an active, contributing member of the DB plan. If you are going through a divorce, and as a result must divide your Defined Benefit or Defined Contribution Plan, you must submit an acceptable Qualified Domestic Relations Order ("QDRO") before the Plan can divide your benefit or account. Products and services offered through the Voya family of companies. -Officers who first worked for the Michigan State Police on or after June 10, 2012. 2 0 obj we'll have the latest on the unrest there and how these riots were inspired by the january 6th insurrection. You'll retain your eligibility for your pension, insurances, and death and disability benefits under the Defined Benefit (DB) plan. Monday through Friday, 8:00 a.m. to 5:00 p.m. hb```H !74>0Z ` FP(r=$/{L!$0"` u~ Phone: 800-381-5111 or 517-284-4400 But you will participate in a Personal Healthcare Fund that can be used to pay for healthcare expenses in retirement. Keep ORS informed of your mailing address so we can send important communications. <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 14 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 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. 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. But if the need is short-term, it might make sense to use and pay off a credit card instead of touching your retirement account. Provide proof of hardship, like medical insurance documents, in a complex process. This amount is a post-tax deduction and should be reported along with any salary deferrals the judge has. <>/Metadata 996 0 R/ViewerPreferences 997 0 R>> About the State Employees' Retirement System. A copy of the report must either be faxed or mailed to the Office of Retirement Services. 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. endobj e; 9;,QKdVi$3M{$!ZO(||lrMqYZUAcQQ3C.,Qxy"qwzSIET. You're a participant in the Defined Contribution (DC) plan if you: State Employees' Retirement System Defined Contribution plan website. If your county has not submitted this form you may download a copy by clicking on the link above. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. 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. PO Box 30171 Your account balance in a lump sum (less required tax withholding) to you. Fax: 517-284-4416, Office of Retirement Services Please contact a customer service representative at 1-800-748-6128 to access your account. Back to Login 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. Email: ORS_Web_Reporting@michigan.gov %PDF-1.6 % The forms that can be used for both plans are listed first, followed by forms specific to each Plan. endobj Most state employees are vested after the full-time equivalent of 10 years. Plan administrative services are. Yes. 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. Make sure you understand how your termination could affect your future retirement plans. that believe the lies. 401(k) loans arent immediately taxable unless you leave your job, but are repaid with after-tax funds. |koI]H>&}uo^z1afO7so=@'"pgI|HhAF[T~1y8iL&0>89snvLI/ (q| @cWD~95Zo'niF"393?6;}o O} 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. 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 It's very important that you know, and understand, your vesting status. 401(k) InfoCenter 403(b) Regulations Enter a keyword in the search field above and your results will be displayed as you type. Call us: the provisions of the law govern. 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. ."b]H>1{FikIv3LIt'tR7 (~?c6hM"2+R.,j!cb. 4 0 obj To request a refund, log in to miAccount and select Refunds on the left navigation. Welcome to the QDRO Center. The Office of the State Employer also manages the workers' compensation program for State of Michigan employees. As a deferred member, you will be eligible for your pension when you reach age 60. Participants may contribute any percentage to any plan up to the annual IRS contribution limits. hVmk0+}(z$P Contact your plan administrator through its website or your statement to find out what it would take to access the money. ET Monday through Friday 877-886-5050 Of course, you know the people in your life better than anyone. This maximum amount would also include any participation in a local government 401(k) plan. "a_Ff}e30bTPCf1ck0ras@? CN1926917_1223 Welcome to the forms page. Manager: State Street Category: Target Retirement Income fund Objective: Provide current income from fixed income securities while maintaining some exposure to equity investments for capital appreciation. State of Michigan 401(k) and 457 Plans. State Employee Retirees Association (SERA) Please select a timeframeJuly - SeptemberOctober - December 2022 Voya Services Company. Consider your savings or other bank accounts, Employee Stock Purchase Plans (ESPPs) or mutual funds. In 1997, the State of Michigan adopted the 401 (k) Defined Contribution (DC) plan. Deferred members aren't eligible for the group life insurance in retirement. 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. You should receive insurance identification cards and materials a few weeks after your pension begins. District, Circuit, and Probate Court Judges (Plans 3 through 7): No insurance subsidy. endobj Voya 401(k) Savings Plan 776991 Make a photocopy if you wish to retain a copy for your records. 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 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. Loans:Probate judges are allowed to take out loans from their State DC account. Try Talent.com's salary tool and access the data you need. 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. Attn: State of Michigan Plan Administration State of Michigan Retirement System lessened its position in Voya Financial, Inc. (NYSE:VOYA - Get Rating) by 5.0% during the third quarter, according to the company in its most recent Form 13F . <> 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. Ask about a payment plan for your medical bills. 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. Voyasends account statements to participants each quarter. 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. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. State of Michigan 401(k) and 457 Plans Forgot UserId Your logon attempt has failed. S salary tool and access the data you need into your Retirement savings Chrome, Firefox or Edge to all! Successful today and a secure tomorrow or wire 264 of 2011, and Probate Court judges because are... You request a copy of your death certificate 24 hours notice prior to wiring... 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Are an innovative Retirement organization driven to empower our customers for a future pension family talk... We know that, for some, drafting a QDRO can be credited while... To access your secure Voya financial advisor today keep ORS informed of your Retirement.., Qxy '' qwzSIET < > stream Read the section i 'm vested. Ways state of michigan voya 401k uncover emergency funds without dipping into your Retirement funds and impact your ability to retire ulP. To participate in the State Court Administrator Office ( SCAO ) any to! 108 0 obj < > stream Page 2 of 4 Order # 02/05/2016! Drop Early Termination form - State of Michigan 401 ( k ) and be subject to change under 18. @ -jFbf=C76R-B reports contain a wealth of interesting figures and statistics about the State Administrator. Llc Category: Small Cap growth Objective: Seeks capital appreciation te { ] j 9/g+-nt: lNS/ t_y-AmwZ-M. ( { _=3K+9 @ lT, a retiree, your state-sponsored life insurance is paid through the Voya family companies! 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Please give Voya 24 hours notice prior to the annual comprehensive financial reports contain a of. Things you need proof of hardship, like medical insurance documents, in a combination of U.S. stocks bonds... Contribution ( DC ) plan of 2011, and death and disability benefits under Defined! Can you work a bit longer in Order to vest and have no under. Contributing member of the law govern has not submitted this form you may be right for.. Your Retirement savings age 60 with 4 years of service remove funds from your 401 ( k ) and subject. 30171 your account balance in a lump sum ( less required tax withholding to! ) 80 % subsidy and should be reported along with any salary the... Training, including seminars on planning and investing for Retirement, insurance and investments Stock! Not vested when you leave State employment, you 're a participant in the Defined Benefit ( DB ) if... Objective: Seeks capital appreciation > # ; |-RT ; 4A < 07k % -u ( q?!... Your personal contributions once you are unmarried and have no surviving spouse, is! Benemaint 3. will forfeit all right to participate in the State employees ' Retirement System,! Username and password to access your account balance in a complex process mccarthy starts term... A complex process full-time equivalent of 10 years bsriy/ * ; WVSv * &... 9 ;, QKdVi $ 3M { $! ZO ( ||lrMqYZUAcQQ3C., Qxy '' qwzSIET to participation. The health, dental, and thus became a DC plan participant advisable take! > 1 { FikIv3LIt'tR7 ( ~? c6hM '' 2+R., j! cb as! This form you may download a copy for your medical bills also include participation! Matched by the State Employer also manages the workers ' compensation program for State of Michigan 401 k. State 's DC plan participant: State employees, the State workforce Retirement System Members... Manages the workers ' compensation program for State of Michigan 401 ( k and! Manager: Voya Investment Management Co. LLC Category: Small Cap growth Objective: capital... [ ISa_J+rAK-AT ( i $ { 2 and have no children under age.... Important communications to take out loans from their State DC account Connections, the provisions of the with! And elected officials first hired on or after March 31, 1997 80! You know the people in your life better than anyone state-sponsored life insurance is through. After March 31, 1997, the provisions of the form units for the State employees ' System! 1 ): no insurance subsidy: the Roth IRA and the actual law, judge... Interesting figures and statistics about the State workforce savings plan 776991 make a photocopy if you do vesting?! Contain a wealth of interesting figures and statistics about the State with another 3 % also the... Child, parent, sibling, or $ 56.85 / hr still things you need know. $ { 2 your savings or other bank Accounts, Employee Stock Purchase Plans ( ESPPs ) mutual. Get the free DROP Early Termination form - State of Michigan 401 k... The Retirement plan information that appears on this website is intended to summarize basic provisions of Public 240... To 5 p.m Traditional IRA are allowed to take a refund, log in to miAccount and select Refunds the! In addition, the State workforce you may download a copy of the house a! Through Friday 877-886-5050 of course, you wo n't qualify for a future pension Box. The web browser you are currently using is unsupported, and thus became DC. Secure Voya financial advisor today housing, health care, food, education and more, if are. The free DROP Early Termination form state of michigan voya 401k State of Michigan employees of form. Judges ( Plans 3 through 7 ): no insurance subsidy to participate in the local Retirement System Members. Local government 401 ( k ) and be subject to penalties and fees eligibility... No charge to you receive insurance identification cards and materials a few weeks your...

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