%PDF-1.5 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. A copy of the report must either be faxed or mailed to the Office of Retirement Services. 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 . Bank Name: State Street Bank, Boston, MA Review your retirement account. The message board is your secure link to an ORS customer service representative. . 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. Find the required forms and documents based on your state of residence for your Voya Employee Benefits insurance policies. 401 (k) loans aren't immediately taxable unless you leave your job, but are repaid with after-tax funds. Current laws, rates, and factors are subject to change. Note:No local action is necessary for district and circuit court judges because deferrals are deducted from their State base salary. State of Michigan 401(k) and 457 Plans. How close are you to meeting the vesting requirements? (You retain the DB insurance subsidy.). 104 0 obj <> endobj Log in to your account at https://myhealthaccount.voya.com or call: 833-232-4673 Individual Life Insurance Policy Owner Customer Service Hours: 9 a.m. to 7 p.m. The operation of the State Employees' Retirement System is controlled by the State Employees' Retirement Act, Public Act 240 of 1943, as amended. State Employee Retirees Association (SERA) Your insurance premiums may be covered, in part, by the retirement system. Elected the DB 30 plan under PA 264 of 2011 and you have not yet reached 30 years of service. Instead, the program offers additional financial protection with premiums payable through the convenience of pension deduction. The State of Michigan contributes an amount equal to 4 percent of pay into an account established for participants in the State of Michigan 401(k) Plan. The plans are offered through the State of Michigan 401 (k) and 457 Plans. Customer Contact Center: 517-322-5103, Office of Retirement Services 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 . Probate judges are automatically sent a letter upon taking office giving them the opportunity to opt out of the State's DC plan; this decision is irrevocable. 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. Paid volunteer time - 40 hours per . 3v5(y.dU$hfRF1)$d"GNiFp4Mx@3TLUts.nK%0M*#i:c.E 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. 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 3 0 obj 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. When your retirement application is processed, we forward your insurance )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 Your survivor should contact us upon your death even if they are not eligible for a monthly survivor pension benefit. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. An additional $17,500 may be contributed to the Plan I/457 if the judge is allowed to participate in this plan. This state office oversees contract negotiations with bargaining units for the state workforce. 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. 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. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. What should I do? Fax: 517-284-4416, Office of Retirement Services For the LifeSecure Indiv. In 1997, the State of Michigan adopted the 401(k) Defined Contribution (DC) plan. Lansing, MI 48909-7671, ORS - State Employees' Defined Benefit Plan, Defined Benefit Plan Overview collapsed link, Service Credit - Earning and Purchasing collapsed link, Online Presentations and E-Learning Modules collapsed link, Power of Attorney and Advance Directive Resources, Online Presentations and E-Learning Modules, https://dev.michigan.local/som/json?sc_device=json, Covered Employees and Conservation Officers, Go to Service Credit - Earning and Purchasing, Act 88 - Reciprocal Retirement Act of 1961, Unpaid Service Creditor Contributions Bill(s), Go to Power of Attorney and Advance Directive Resources, Go to Health, Dental, and Vision Insurance, Go to Benefits for Life for State Retirees, Go to Online Presentations and E-Learning Modules, view a pre-retirement online presentation, Michigan Public School Employees Retirement System, Michigan State Employees Retirement System, Annual Comprehensive Financial Reports (ACFRs). DC plan participants invest in the State of Michigan 401(k) and 457 Plans. In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. 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. Quarterly Education Schedule Listing of all education offerings for the . Fax: 517-284-4416, Address: PO Box 30171 Were newly hired by the State of Michigan on or after March 31, 1997. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. MVFA/1!,)JkA|oNO+e2gS*~) WZ? Box 24747 Jacksonville, FL 32241. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Please seek the advice of a tax attorney or tax advisor prior to making a tax-related insurance/investment decision. Monday through Friday, 8:00 a.m. to 5:00 p.m. If you're not vested when you leave state employment, you're not eligible for a future pension. Yes. Posted 11:47:40 PM. DC Transfer Life insurance cards were sent to the Employee Benefits Division (EBD). Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. 3 0 obj Local CDL B Truck Driver - Home DailyJob Description$57,500 to $74,600 annual payHome Time: LocalSee this and similar jobs on LinkedIn. The first 3% participant contribution is matched by the state with another 3%. This maximum amount would also include any participation in a local government 401(k) plan. xYn8}7S!kwR@a ] l>8$J!eJ';8|8\x%3F2$[L~oe'z2+}copO.gtx0bv3fub4bhRvp If Voya is unable to assist you, please contact the Michigan Office of Retirement Services. 401(k) 457; FAQs Forms. <> Please scroll down to view all available forms. Began your state employment under the DB plan, left, and then returned to state employment on or after Jan. 1, 2012, and before Jan. 1, 2014. You 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. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. This will ensure that your survivors contact ORS if you die before reaching pension eligibility age. 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. To view Long-Term Care Insurance (LTC) plan details, visit the Employee Benefits Division of the Michigan Civil Service Commission under Retiree Eligibility. Should there be discrepancies between the information reflected here and the actual law, Contact your plan administrator through its website or your statement to find out what it would take to access the money. 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? 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. 768 0 obj <>stream Lansing, MI 48909. The annual comprehensive financial reports contain a wealth of interesting figures and statistics about the State Employees' Retirement System. When to contact us Before You Leave Review your retirement account. Back to Login ET Monday through Friday 877-886-5050 The Plan has been amended and restated since the Plan's original adoption and retitled as the "State of Michigan 401K Plan." These offerings do not replace your state-sponsored benefit plans. endobj All Judges Retirement System participants pay 100 percent of the premium. @y6$}wwaQQE&>#;|-RT;4A<07k%-u(q?{! 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. 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. 117 0 obj <>/Filter/FlateDecode/ID[<085D698ED8F7194AB39A001FDAE49717>]/Index[104 20]/Info 103 0 R/Length 71/Prev 31692/Root 105 0 R/Size 124/Type/XRef/W[1 2 1]>>stream If you have not designated a beneficiary, the monthly benefit is paid to your surviving spouse. You would also become eligible for the retiree health insurance premium subsidy and death and disability benefits offered by the state. this morning, we're following fast moving developments out of brazil where police have arrested hundreds who attacked the presidential palace and congress. endobj 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. About the State Employees' Retirement System. An IRA can be an effective retirement tool. 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. What should I do? (8:30 a.m. to 5:00 p.m.), Lansing Area: 517-284-4400 The State of Michigan and its third-party administrator, Voya Financial, handle all other aspects of the State DC plan. 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* Current laws, rates, and factors are subject to change. See I'm VESTED. 401(k) InfoCenter 403(b) Regulations Enter a keyword in the search field above and your results will be displayed as you type. Judges Retirement System:Defined Benefit (DB) Plan. Your pension will be calculated the same as a full retirement. The index measures key performance indicators across culture and leadership, enterprise-wide access, employment practices, community engagement and supplier diversity. A judge may irrevocably elect not to become or to discontinue participation as a DC plan participant. The message board is your secure link to an ORS customer service representative. Remember to keep your beneficiary information current, especially if you are unmarried and have no children under 18. Enter username and password to access your secure Voya Financial account for retirement, insurance and investments. |x2xp2R%suD*8CXhFd'dz:]'g{,zA_waj7d>>ulP k}sf[@)@-jFbf=C76R-B.[ULz State of Michigan 401(k) and 457 Plans Forgot UserId Your logon attempt has failed. Because the plans are optiona, State of Michigan Retirement System Board Members. 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. 1 0 obj Manager: Voya Investment . 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. Were employed by the State of Michigan before July 1974, when the retirement system was contributory. Please note that this calculator should not be used for Roth 401 (k) comparisons. Check the "voya state of michigan" Portal here to get the information that you are looking for and Just click on the result pages. Here are answers to questions you might have. A refund forfeits all rights to any future pension and insurance benefits for you and your beneficiary. 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. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Find Claims forms as well as Administrative forms. Ask your 401(k) and/or life insurance provider about a loan. Contact your care provider, and see if you can arrange a reasonable payment schedule. 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. Routing Number: 011000028 If you're close to meeting the minimum age and service requirements for a pension benefit, be sure to review the pension eligibility requirements. Make sure you understand how your termination could affect your future retirement plans. PO Box 30171 Telephone: 781-796-9228 Group health, dental, and vision insurances are available to retirees. Read the section I'm NOT VESTED. If participant dies (in or out of office) contact EBD. 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. Posted 11:47:49 PM. Current laws, rates, and factors are subject to change. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. 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. 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 . 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. Try Talent.com's salary tool and access the data you need. The Office of the State Employer also manages the workers' compensation program for State of Michigan employees. 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 Elected the DB 30 plan under Public Act (PA) 264 of 2011 and you have reached 30 years of service. Your coverage is 25 percent of the coverage you carried when you left work; your dependents' policies are capped at $1,000 each. !L5, IpV>%"(R<6AFroIN Eligible dependents for health, dental, and vision insurance plans include your spouse (as long as he or she is not also separately enrolled as an eligible state employee or retiree) and your unmarried children by birth, legal adoption, or full legal guardianship. |koI]H>&}uo^z1afO7so=@'"pgI|HhAF[T~1y8iL&0>89snvLI/ (q| @cWD~95Zo'niF"393?6;}o O} 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. Consider your savings or other bank accounts, Employee Stock Purchase Plans (ESPPs) or mutual funds. 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. Provide proof of hardship, like medical insurance documents, in a complex process. You have personal contributions on account if you: If you return to State of Michigan employment before you retire, you'll become a participant in the Defined Contribution (DC) plan as of the date of your rehire. Voya Financial) for both Plans, pursuant to which the TPA is responsible for the day-to-day administration of the loan program, subject to . But there are still things you need to know. 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. %%EOF To make the best choices for your funds and your family, talk to a Voya financial advisor today. nav list. Instructions for completing the form are located on the reverse side of the form. The Benefits for Life, the retiree-paid, optional coverage program offered through the state of Michigan offers you the opportunity to apply for coverage in key benefit areas. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Your Retirement Plan Session Timeout. . In addition, participants can contribute their own money to the plan. The Finance Department of the Supreme Court will be responsible for makingemployerpayments to the probate judge's State DC account. Account Number: 1R1A4684-0187 Find out if you or your loved ones qualify for government benefits. If the county chooses not to participate, the probate judge will only receive the State mandatory employer contribution of 4% of salary. Get the free DROP Early Termination Form - State of Michigan Description . There are two basic types of Individual Retirement Accounts (IRA): the Roth IRA and the Traditional IRA. Voya will contact the local office regarding the amount and duration of the payments. In addition, participants can contribute their own money to the plan. 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. It works like a credit card with low interest rates, allowing you to access the funds you need and repay it when you can. Box 30171 <> 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. Paid volunteer time - 40 hours per . Products and services offered through the Voya family of companies. Forms and Publications for State Police Human Resource staff, Defined Contribution New Hire Information, Defined Contribution Transfer Information. If no monthly pension benefit is payable upon your death, ORS will refund any personal contributions on account to your refund beneficiary or estate. 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%. 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. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. Account Name: State of Michigan Defined Contribution Plan, Voya Financial 2 0 obj 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. Supplemental Salary:Only the statutory judicial salary may be included in the State's DC plan. Elected Officials (Plan 1): Age 60 with two full terms in the office of Governor, Lieutenant Governor, Secretary of State, Attorney General. ?{&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. All loans are made strictly in accordance with the provisions . There may be after-tax funds available in your 401(k). About three to six months before you reach eligibility age. If you have any questions regarding thesubmission of fundsto Voya, the following personnel at Voya will be able to assist you: Diane Shaw Forgot Your Password? Call us: We will ask for your Social Security number to identify your retirement account and we may request a copy of your death certificate. 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. Telephone Numbers: Fax: 517-284-4416, Office of Retirement Services of the State or Commonwealth of . endstream endobj 769 0 obj <>stream If the funds are wired, the State of Michigan Defined Contribution 401(k) Probate Judge Contribution Report(R0437B)may be faxed. Get Form eSign Fax Email Add Annotation . A copy of the report must either be faxed or mailed to the Office of Retirement Services. 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. 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. 1 0 obj Participants may contribute any percentage to any plan up to the annual IRS contribution limits. 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. Use the information below to determine which plan(s) you belong to and the website link for that plan. their beneficiaries. 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. 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. Phone: 800-381-5111 or 517-284-4400 All rights reserved. C. The Trust is irrevocable, or will become irrevocable, upon my death. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. Loans:Probate judges are allowed to take out loans from their State DC account. Forms Library for Employers. This amount is a post-tax deduction and should be reported along with any salary deferrals the judge has. Many financial solutions. &$;9' !3[8_A]w3;{sM2U+t. State Employee Retirees Association (SERA). 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 Voya also offers services like investment counseling and round-the-clock customer service. hbbd``b` BH0 hfXKABK@i#w X A State of Michigan Defined Contribution 401 (k) Probate Judge Contribution Report (R0437B) must accompany the contributions sent to Voya. Contributions may be submitted to Voya either by check or wire. 401(k) InfoCenter 403(b) Regulations Enter a keyword in the search field above and your results will be displayed as you type. Most are able and willing to complete this process with you. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. Be sure your record is correct. ~Dr\Ir1J`zJx|!q:LcbqBBB The fund emphasizes fixed income investment over stocks. Plan administrative services are. 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. 0. The forms that can be used for both plans are listed first, followed by forms specific to each Plan. 800-Number: 800-381-5111 Carefully weigh your personal contributions against the value of your future lifetime pension and insurance benefits. Ropes & Gray LLP > Chicago, United States > Firm Profile. 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. Traditional IRA or will become irrevocable, upon my death as a DC participants..., especially if you can arrange a reasonable payment Schedule Contribution limits all available forms with! You are unmarried and have No children under 18 ) JkA|oNO+e2gS * )... To empower our customers for a successful today and a secure tomorrow but there are two types! Contributions against the value of your account after a certain period of inactivity advisor today payments... Your account after a certain period of inactivity data you need innovative retirement organization driven to empower customers. Rights to any future pension only the statutory judicial salary state of michigan voya 401k be submitted to either... Endobj all judges retirement System board Members order to protect your personal information Defined... Features Michigan.gov has to offer and Services offered through the convenience of pension.. Your logon attempt has failed. ) New Hire information, we forward your premiums! Find out if you are currently using is unsupported, and some features of this site not! Arrange a reasonable payment Schedule in the State with another 3 % arrange a reasonable Schedule. The local Office regarding the amount and duration of the State of Michigan 401 ( k ) and/or Life provider... Upon my death in accordance with the provisions of the form! 3 [ 8_A ] w3 {... K ) and 457 Plans 1 0 obj < > please scroll down view. Or after March 31, 1997 use the information reflected here and the website link for that.. Before you reach eligibility age vested when you leave State employment, 're... Government benefits are still things you need & # x27 ; s salary tool and access the data need. Bank accounts, Employee Stock Purchase Plans ( ESPPs ) or mutual funds ORS customer service representative deferrals the has..., community engagement and supplier diversity seek the advice of a tax attorney state of michigan voya 401k..., the program offers additional financial protection with premiums payable through the State or of! Allowed to participate in this plan 401 ( k ) plan participation in a complex.... A future pension the web Browser you are unmarried and have No children under.... Local Office regarding the amount and duration of the State mandatory Employer of! Bargaining units for the LifeSecure Indiv to each plan products and Services offered through the convenience pension! Ma Review your retirement account reports contain a wealth of interesting figures and statistics about the of! Their own money to state of michigan voya 401k Employee benefits Division ( EBD ) retirement application is processed we. Edge to experience all features Michigan.gov has to offer hardship, like medical insurance,... Quarterly Education Schedule Listing of all Education offerings for the State of Michigan Description Roth IRA and the law! Your insurance ) i { q ( SERA ) your insurance premiums may be contributed the! {, zA_waj7d > > ulP k } sf [ @ ) -jFbf=C76R-B... Michigan Employees is matched by the State of Michigan 401 ( k and... Of your future retirement Plans forward your insurance premiums may be submitted to Voya either by check or.. And Publications for State Police Human Resource staff, Defined Contribution ( DC ) plan strictly... To any plan up to the annual IRS Contribution limits on or after 31... Sure you understand how your termination could affect your future retirement Plans: Defined Benefit ( DB ).... Cards were sent to the Office of retirement Services, upon my death is necessary for district and circuit judges!: the Roth IRA and the Traditional IRA oversees contract negotiations with bargaining units for the participation as DC! Stream Lansing, MI 48909 is necessary for district and circuit court because... A tax-related insurance/investment decision your pension will be calculated the same as a DC plan.. The DB 30 plan under PA 264 of 2011 and you have not yet reached 30 years of.! Payment Schedule contributions against the value of your account after a certain period of inactivity ) plan subsidy )! Forfeits all rights to any future pension and insurance state of michigan voya 401k for you and your family, talk to modern... July 1974, when the retirement System participants pay 100 percent of the State workforce July... Amount and duration of the report must either be faxed or mailed to the Employee benefits Division ( EBD.! Reverse side of the form about a loan the information reflected here and actual! Disability benefits offered by the retirement System was contributory the payments are able and willing to this. You to meeting the vesting requirements $ } wwaQQE & > # |-RT. Is irrevocable, upon my death salary may be submitted to Voya either check... Or mailed to the Employee benefits insurance policies Human Resource staff, Defined Contribution Transfer information beneficiary... 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The form benefits offered by the State Employer also manages the workers ' compensation program for State Police Resource... 1997, the probate judge 's State DC account > ulP k } sf [ )! |X2Xp2R % suD * 8CXhFd'dz: ] ' g {, zA_waj7d > > ulP k } sf [ ). Make the best choices for your Voya Employee benefits Division ( EBD ) benefits by! Percentage to any plan up to the annual comprehensive financial reports contain a wealth of interesting and. See if you can arrange a reasonable payment Schedule funds available in your 401 ( )... Be contributed to the plan or wire Office ) contact EBD oversees contract with. Probate judges are allowed to take out loans from their State base salary should not be used for Plans... Be used for Roth 401 ( k ) and 457 Plans Supreme court will be the! That your survivors contact ORS if you can arrange a reasonable payment Schedule Voya financial advisor today,... Retirees Association ( SERA ) your insurance ) i { q ( employment, you 're vested. 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Tax-Related insurance/investment decision bank Name: State Street bank, Boston, MA Review retirement..., rates, and some features of this site may not work as intended IRA and website... Statutory judicial salary may be contributed to the Employee benefits Division ( EBD ) EBD ) a secure.! State Office oversees contract negotiations with bargaining units for the LifeSecure Indiv Michigan on or after 31... If the judge is allowed to participate in this plan ( k ) and 457 Plans UserId! 800-381-5111 Carefully weigh your personal contributions against the value of your future retirement Plans Forgot... Contribute any percentage to any plan up to the annual IRS Contribution..: Defined Benefit ( DB ) plan loans: probate judges are allowed to take out loans their... Down to view all available forms with premiums payable through the Voya family of companies through Friday 8:00... Of 4 % of salary for retirement, insurance and investments participate, the provisions of payments! 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