Frequently Asked Questions. Link to the Retirement Act for State Employees. The first 3% participant contribution is matched by the state with another 3%. 
WebThe state of Michigan provides access to Voya Retirement Advisors, LLC (VRA). 
Current laws, rates, and factors are subject to change. 
Its Employee Health Management Division assists employees with work-related illnesses and injuries. WebState of Michigan 401(k) and 457 Plans. PO Box 30171 800-Number: 800-381-5111 Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. 
This state office oversees contract negotiations with bargaining units for the state workforce. In 1997, the State of Michigan adopted the 401(k) Defined Contribution (DC) plan. In addition, participants can contribute their own money to the plan. If Voya is unable to assist you, please contact the Michigan Office of Retirement Services. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. This business can be reached at (860) 275-2110 WebVoya Insights Small Business & Nonprofit Resource Center Workplace Benefits and Savings Webinars Cybersecurity SECURE 2.0 401(k) InfoCenter 403(b) Regulations The Voya Use the information below to determine which plan(s) you belong to and the website link for that plan. Elected the DB/DC Blend plan under PA 264 of 2011, and thus became a DC plan participant April 1, 2012. 
Eligible participants include actively 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 The Message Board is your secure link to an ORS customer service representative. 
About the State Employees' Retirement System. About this session Duration: 6 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. 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. Elected the DB 30 plan under PA 264 of 2011 and you have not yet reached 30 years of service. 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. 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. Were newly hired by the State of Michigan on or after March 31, 1997. Enrolling and Savings State of Michigan New Employee 
WebTo request the Payout Request Form For Participants please call the plan information line at 1-800-748-6128. 
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 WebA. 
Elected the DB 30 plan under Public Act (PA) 264 of 2011 and you have reached 30 years of service. 
To download the desired package, simply click on its title in the following Elected the DB Classified plan under Public Act (PA) 264 of 2011. 
800-Number: 800-381-5111 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. A non-profit organization for current and future retirees of the State of Michigan. 
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. Fax: 517-284-4416, Michigan Office of Retirement Services the provisions of the law govern. Skip to Footer. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Separated participants can receive distributions no earlier than 45 days from their termination date. IRS Contribution Limits; Key Features 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. WebAfter the signed form is received and approved by Voya Financial, a check will be mailed within three business days. 
How can I stay 8:30 a.m. to 5 p.m. weekdays exceptstate holidays, Lansing Area: 517-284-4400 WebYour Retirement Plan Session Timeout. State of Michigan 401(k) and 457 Plans. 8:30 a.m. to 5 p.m. weekdays exceptstate holidays, Lansing Area: 517-284-4400 This service provides you with advice professional, unbiased investment planning, 
Participants in this plan receive a 4% gross pay 
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. Voyasends account statements to participants each quarter. The operation of the State Employees' Retirement System is controlled by the State Employees' Retirement Act, Public Act 240 of 1943, as amended. PO Box 30171 WebNext steps Create a budget using Voyas budget calculator. Final distribution checks are mailed first class within three business days of receiving your signed forms. Session Timeout. 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 WebVoya is the record keeper for your retirement plan. 
Telephone Numbers: 
Web401(k) Plan and 457 Plan Forms. Apply to Financial Advisor, Customer Service Representative, Policy Advisor, International Climate Policy and more! 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. Enrolling and Savings. 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) 457; FAQs Forms. Web401(k) State of Michigan 401(k)Plan To download the desired publication, simply click on its title in the following list. The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 234 of 1992, as amended. This board provides oversight of the Defined Benefit plan in the State Employees' Retirement System. 
Skip to Main Content. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. 
In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity. Web7,058 Retirement Solutions Advisor $65,000 jobs available on Indeed.com. You're a participant in the Defined Contribution (DC) plan if you: State Employees' Retirement System Defined Contribution plan website. 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 Voya Financial manages your 401 (k) or 457 plan. 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). The Employee Benefits Division of the Civil Service negotiates health insurance contracts for both active and retired state employees. Participants in this plan receive a 4% gross pay contribution by the State of Michigan. The annual comprehensive financial reports contain a wealth of interesting figures and statistics about the State Employees' Retirement System. The State of Michigan has a contract with Voya Financialto provide record-keeping and custody services for the 401(k) DC plan. In order to protect your personal information, we automatically log you out of your account after a certain period of 
Who is eligible to participate in the 457 Plan? Voya also offers services like investment counseling and round-the-clock customer service. ORS is 
Web401(k) State of Michigan 401(k) Plan To download the desired publication, simply click on its title in the following list. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. The State Employees' Retirement System is a statewide public employee retirement plan administered by the Michigan Office of Retirement Services. For more information, call the Plan Information Line at 800-748-6128 or go to Voya's website. 
Voya's mission is to guide Americans on their journey to greater retirement readiness and to make a secure financial future WebState of Michigan 401(k) Plan To download the desired publication, simply click on its title in the following list. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. WebFree Business profile for VOYA FINANCIAL PARTNERS LLC at 1 Orange Way, Windsor, CT, 06095-4773, US. Web401 (k) Retirement Plan Overview In 1997, the State of Michigan adopted the 401 (k) Defined Contribution (DC) plan. Voya also 
WebVoya Financial is the third-party administrator for the State of Michigan 401 (k) and 457 Plans. Began your state employment under the Defined Benefit (DB) plan and chose to transfer to the DC plan under Public Act 487 of 1996. In addition to recruiting and hiring state employees, the Civil Service offers employee training, including seminars on planning and investing for retirement. WebFrom Anthony's desk Notes from ORS Director Anthony Estell. 
The Office of the State Employer also manages the workers' compensation program for State of Michigan employees. 
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