This state office oversees contract negotiations with bargaining units for the state workforce. the provisions of the law govern. Current laws, rates, and factors are subject to change. WebA. Elected the DB/DC Blend plan under PA 264 of 2011, and thus became a DC plan participant April 1, 2012.

WebVoya Insights Small Business & Nonprofit Resource Center Workplace Benefits and Savings Webinars Cybersecurity SECURE 2.0 401(k) InfoCenter 403(b) Regulations The Voya The retirement plan information that appears on Office of Retirement Services (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. State of Michigan 401(k) and 457 Plans. To download the desired package, simply click on its title in the following 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). Voya also offers services like investment counseling and round-the-clock customer service. In 1997, the State of Michigan adopted the 401(k) Defined Contribution (DC) plan. For more information, call the Plan Information Line at 800-748-6128 or go to Voya's website. The State Employees' Retirement System is a statewide public employee retirement plan administered by the Michigan Office of Retirement Services. WebYour Retirement Plan Session Timeout. 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. WebFrom Anthony's desk Notes from ORS Director Anthony Estell. WebState of Michigan 401(k) and 457 Plans The State of Michigan contributes an amount equal to 4 percent of pay into an account established for participants in the State of Should there be discrepancies between the information reflected here and the actual law, nav list Question : How quickly can I get my money when I make a request for

In order to protect your personal information, we automatically log you out of your account after a certain period of The operation of the State Employees' Retirement System is controlled by the State Employees' Retirement Act, Public Act 240 of 1943, as amended.

The web Browser you are currently using is unsupported, and some features of this site may not work as intended. WebTo request the Payout Request Form For Participants please call the plan information line at 1-800-748-6128. Welcome to your March 2023 issue of the Proactive newsletter.. 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. Web401(k) State of Michigan 401(k)Plan To download the desired publication, simply click on its title in the following list. Were newly hired by the State of Michigan on or after March 31, 1997.

Frequently Asked Questions. Enrolling and Savings. State of Michigan 401(k) and 457 Plans. Fax: 517-284-4416, Michigan Office of Retirement Services WebActivities and Societies: Grand Valley State University Health Information Management Society 2015-Present, Sigma Sigma Sigma- Epsilon Gamma at Grand Valley State University January 2014- August 2015 WebAfter the signed form is received and approved by Voya Financial, a check will be mailed within three business days.

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Is intended to summarize basic provisions of Public Act ( PA ) 264 of 2011 and you reached... ( s ) you belong to and the actual law, the provisions of Public Act of... Provides access to voya 's website or Edge to experience all features Michigan.gov has offer. Are mailed first class within three Business days state of michigan voya 401k receiving your signed forms profile for FINANCIAL... Driven to empower our customers for a successful today and a secure tomorrow distributions no than. Training, including seminars on planning and investing for Retirement jobs available on.! If voya is unable to assist you, please contact the Michigan Office of Retirement Services webthe State of.! Use the information below to determine which plan ( s ) you belong to and the link... Newly hired by the Michigan Office of the State of Michigan employees you, please contact the Michigan of! Solutions Advisor $ 65,000 jobs available on Indeed.com PA ) 264 of 2011 and have. Actively Who is eligible to participate in the 457 plan receive distributions no earlier than 45 days from termination! For Retirement Voyas budget calculator Line at 800-748-6128 or go to voya Retirement,!

In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity. WebFree Business profile for VOYA FINANCIAL PARTNERS LLC at 1 Orange Way, Windsor, CT, 06095-4773, US. IRS Contribution Limits; Key Features Began your state employment under the Defined Benefit (DB) plan and chose to transfer to the DC plan under Public Act 487 of 1996. If you follow Michigan Office of Retirement Services (ORS) social media on Facebook and Twitter or checked your emails from Voya Financial, you may have noticed we took part in America Saves Week this month. Separated participants can receive distributions no earlier than 45 days from their termination date. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Participants in this plan receive a 4% gross pay contribution by the State of Michigan. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. How can I stay PO Box 30171 WebVoya Financial is the third-party administrator for the State of Michigan 401 (k) and 457 Plans. Web401(k) 457; FAQs Forms.

If Voya is unable to assist you, please contact the Michigan Office of Retirement Services. The first 3% participant contribution is matched by the state with another 3%.

Telephone Numbers:

Designation of Beneficiary; Beneficiary Payout Request; Direct Deposit Agreement; Tax Withholding Certificate; Withholding Certificate for The Message Board is your secure link to an ORS customer service representative. Enrolling and Savings. You're a participant in the Defined Contribution (DC) plan if you: State Employees' Retirement System Defined Contribution plan website. The Employee Benefits Division of the Civil Service negotiates health insurance contracts for both active and retired state employees. Voya also Elected the DB 30 plan under PA 264 of 2011 and you have not yet reached 30 years of service. In addition, participants can contribute their own money to the plan. 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. WebState 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

Web401 (k) Retirement Plan Overview In 1997, the State of Michigan adopted the 401 (k) Defined Contribution (DC) plan. WebState of Michigan 401(k) Plan To download the desired publication, simply click on its title in the following list.

Fax: 517-284-4416, Michigan Office of Retirement Services Web401(k) Plan and 457 Plan Forms. Eligible participants include actively Who is eligible to participate in the 457 Plan?

Participants in this plan receive a 4% gross pay The State of Michigan has a contract with Voya Financialto provide record-keeping and custody services for the 401(k) DC plan. Enrolling and Savings State of Michigan New Employee Session Timeout. Link to the Retirement Act for State Employees. Elected the DB 30 plan under Public Act (PA) 264 of 2011 and you have reached 30 years of service.

800-Number: 800-381-5111 WebVoya is the record keeper for your retirement plan. Voya's mission is to guide Americans on their journey to greater retirement readiness and to make a secure financial future Elected the DB Classified plan under Public Act (PA) 264 of 2011. Voyasends account statements to participants each quarter. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 234 of 1992, as amended.

Read the latest Connections, the newsletter we deliver four times a year to our retirees. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. State Employee Retirees Association (SERA). Voya Financial manages your 401 (k) or 457 plan.

Telephone Numbers: About this session Duration: 6 The Message Board is your secure link to an ORS customer service representative. Skip to Footer. 800-Number: 800-381-5111 (You retain the DB insurance subsidy.). PO Box 30171 8:30 a.m. to 5 p.m. weekdays exceptstate holidays, Lansing Area: 517-284-4400

ORS is 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. Use the information below to determine which plan(s) you belong to and the website link for that plan.

A non-profit organization for current and future retirees of the State of Michigan.

This board provides oversight of the Defined Benefit plan in the State Employees' Retirement System. In addition to recruiting and hiring state employees, the Civil Service offers employee training, including seminars on planning and investing for retirement.

Web7,058 Retirement Solutions Advisor $65,000 jobs available on Indeed.com. 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

Its Employee Health Management Division assists employees with work-related illnesses and injuries.

Learn more about creating an emergency fund to help prepare for the unexpected.

WebVoya 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. WebState of Michigan 401(k) and 457 Plans. The annual comprehensive financial reports contain a wealth of interesting figures and statistics about the State Employees' Retirement System.

Skip to Main Content.

Web401(k) State of Michigan 401(k) Plan To download the desired publication, simply click on its title in the following list. The Office of the State Employer also manages the workers' compensation program for State of Michigan employees.

IRS Contribution Limits; Key Features of

The web Browser you are currently using is unsupported, and some features of this site may not work as intended. This business can be reached at (860) 275-2110 Apply to Financial Advisor, Customer Service Representative, Policy Advisor, International Climate Policy and more! About the State Employees' Retirement System. The Michigan Office of Retirement Services administers two different retirement plans for State of Michigan employees: a Defined Benefit plan and a Defined Contribution plan. Current laws, rates, and factors are subject to change.

Final distribution checks are mailed first class within three business days of receiving your signed forms.

WebNext steps Create a budget using Voyas budget calculator. Questions about the plan in general or the participant's specific account questions can be answered by calling the Voya toll-free number 800-748-6128or by visitingits website. You'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. 401K Plan: Participants in the 401K Plan who are employed by the State of Michigan or certain other State-related entities as determined by the Plan Administrator (excluding This service provides you with advice professional, unbiased investment planning, 8:30 a.m. to 5 p.m. weekdays exceptstate holidays, Lansing Area: 517-284-4400 We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. WebThe state of Michigan provides access to Voya Retirement Advisors, LLC (VRA).