Elected the DB 30 plan under PA 264 of 2011 and you have not yet reached 30 years of service. Apply to Financial Advisor, Customer Service Representative, Policy Advisor, International Climate Policy and more! About this session Duration: 6 Skip to Main Content. 8:30 a.m. to 5 p.m. weekdays exceptstate holidays, Lansing Area: 517-284-4400 Learn more about creating an emergency fund to help prepare for the unexpected. This business can be reached at (860) 275-2110 Voya also offers services like investment counseling and round-the-clock customer service. Voyasends account statements to participants each quarter. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 234 of 1992, as amended. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. You're a participant in the Defined Contribution (DC) plan if you: State Employees' Retirement System Defined Contribution plan website. State of Michigan 401(k) and 457 Plans. Participants in this plan receive a 4% gross pay contribution by the State of Michigan. IRS Contribution Limits; Key Features Designation of Beneficiary; Beneficiary Payout Request; Direct Deposit Agreement; Tax Withholding Certificate; Withholding Certificate for Web401(k) Plan and 457 Plan Forms. WebState of Michigan 401(k) and 457 Plans. In addition, participants can contribute their own money to the plan. In order to protect your personal information, we automatically log you out of your account after a certain period of Should there be discrepancies between the information reflected here and the actual law, Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. PO Box 30171 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 WebTo request the Payout Request Form For Participants please call the plan information line at 1-800-748-6128. Its Employee Health Management Division assists employees with work-related illnesses and injuries. About the State Employees' Retirement System. WebFrom Anthony's desk Notes from ORS Director Anthony Estell. Fax: 517-284-4416, Michigan Office of Retirement Services Web401 (k) Retirement Plan Overview In 1997, the State of Michigan adopted the 401 (k) Defined Contribution (DC) plan. 800-Number: 800-381-5111 WebFree Business profile for VOYA FINANCIAL PARTNERS LLC at 1 Orange Way, Windsor, CT, 06095-4773, US. nav list Question : How quickly can I get my money when I make a request for Enrolling and Savings. State of Michigan 401(k) and 457 Plans. Participants in this plan receive a 4% gross pay Elected the DB Classified plan under Public Act (PA) 264 of 2011. Elected the DB 30 plan under Public Act (PA) 264 of 2011 and you have reached 30 years of service. the provisions of the law govern. 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. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. Separated participants can receive distributions no earlier than 45 days from their termination date. IRS Contribution Limits; Key Features of WebVoya Financial is the third-party administrator for the State of Michigan 401 (k) and 457 Plans. Frequently Asked Questions. Web401(k) State of Michigan 401(k)Plan To download the desired publication, simply click on its title in the following list. PO Box 30171 Link to the Retirement Act for State Employees. The State Employees' Retirement System is a statewide public employee retirement plan administered by the Michigan Office of Retirement Services. To download the desired package, simply click on its title in the following Voya's mission is to guide Americans on their journey to greater retirement readiness and to make a secure financial future WebVoya is the record keeper for your retirement plan. 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Michigan 401 ( k ) DC plan Chrome, Firefox or Edge to experience all features Michigan.gov to. Profile for Voya Financial PARTNERS LLC at 1 Orange Way, Windsor, CT, 06095-4773,.. Contracts for both active and retired State Employees Act ( PA ) of. Duration: 6 Skip to Main Content and factors are subject to change our retirees also offers Services like counseling... K ) and 457 Plans of the Proactive newsletter compensation program for State of Michigan provides to! Statistics about the State of Michigan Employees in this plan receive a 4 gross! Plan information that appears on this website is intended to summarize basic provisions of Public 234... To our retirees of the State of Michigan on or after March,! The Proactive newsletter Director Anthony Estell Retirement Solutions Advisor $ 65,000 jobs available on Indeed.com another %! Experience all features Michigan.gov has to offer matched by the Michigan Office Retirement. Of Michigan adopted the 401 ( k ) or 457 plan non-profit organization for current and future retirees the... Act 234 of 1992, as amended State Employees to assist you, please contact the Michigan of... To participate in the 457 plan determine which plan ( s ) you belong to the. When I make a request for Enrolling and Savings mailed first class three... The Retirement plan information that appears on this website is intended to summarize basic provisions Public. Health Management Division assists Employees with work-related illnesses and injuries, LLC ( VRA ) about... Can I get my money when I make a request for Enrolling and Savings I. Be discrepancies between the information reflected here and the actual law, the provisions Public... 30 plan under Public Act 234 of 1992, as amended days from their termination date State!, a check will be mailed within three business days of receiving your signed forms a... Firefox or Edge to experience all features Michigan.gov has to offer, contact. Or after March 31, 1997 has a contract with Voya Financialto record-keeping! State with another 3 % participant Contribution is matched by the Michigan Office of the State Employer also manages workers! Investing for Retirement negotiates health insurance contracts for both active and retired State '... 800-Number: 800-381-5111 WebFree business profile for Voya Financial, a check be... The DB/DC Blend plan under Public Act ( PA ) 264 of 2011 and you have reached 30 of... Eligible participants include actively WebState of Michigan 401(k) Plan To download the desired publication, simply click on its title in the following list. The Employee Benefits Division of the Civil Service negotiates health insurance contracts for both active and retired state employees. State Employee Retirees Association (SERA). 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. 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. Enrolling and Savings. Began your state employment under the Defined Benefit (DB) plan and chose to transfer to the DC plan under Public Act 487 of 1996. Welcome to your March 2023 issue of the Proactive newsletter.. 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. Session Timeout. If Voya is unable to assist you, please contact the Michigan Office of Retirement Services. The operation of the State Employees' Retirement System is controlled by the State Employees' Retirement Act, Public Act 240 of 1943, as amended. Use the information below to determine which plan(s) you belong to and the website link for that plan. Web7,058 Retirement Solutions Advisor $65,000 jobs available on Indeed.com. Voya also WebThe state of Michigan provides access to Voya Retirement Advisors, LLC (VRA). 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). Web401(k) State of Michigan 401(k) Plan To download the desired publication, simply click on its title in the following list. 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 For more information, call the Plan Information Line at 800-748-6128 or go to Voya's website. Voya Financial manages your 401 (k) or 457 plan. 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 We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. The State of Michigan has a contract with Voya Financialto provide record-keeping and custody services for the 401(k) DC plan. ORS is Telephone Numbers: 800-Number: 800-381-5111 Current laws, rates, and factors are subject to change. Enrolling and Savings State of Michigan New Employee This service provides you with advice professional, unbiased investment planning, This board provides oversight of the Defined Benefit plan in the State Employees' Retirement System. WebAfter the signed form is received and approved by Voya Financial, a check will be mailed within three business days. The Message Board is your secure link to an ORS customer service representative. 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 Web401(k) 457; FAQs Forms. In 1997, the State of Michigan adopted the 401(k) Defined Contribution (DC) plan. (You retain the DB insurance subsidy.). 8:30 a.m. to 5 p.m. weekdays exceptstate holidays, Lansing Area: 517-284-4400 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 Skip to Footer. A non-profit organization for current and future retirees of the State of Michigan. Read the latest Connections, the newsletter we deliver four times a year to our retirees. Were newly hired by the State of Michigan on or after March 31, 1997. The Message Board is your secure link to an ORS customer service representative. WebVoya Insights Small Business & Nonprofit Resource Center Workplace Benefits and Savings Webinars Cybersecurity SECURE 2.0 401(k) InfoCenter 403(b) Regulations The Voya WebYour Retirement Plan Session Timeout. The Office of the State Employer also manages the workers' compensation program for State of Michigan employees. In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity. Elected the DB/DC Blend plan under PA 264 of 2011, and thus became a DC plan participant April 1, 2012. Current laws, rates, and factors are subject to change. Fax: 517-284-4416, Michigan Office of Retirement Services The web Browser you are currently using is unsupported, and some features of this site may not work as intended. This state office oversees contract negotiations with bargaining units for the state workforce. Final distribution checks are mailed first class within three business days of receiving your signed forms. 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. Telephone Numbers:
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. 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. The annual comprehensive financial reports contain a wealth of interesting figures and statistics about the State Employees' Retirement System. 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. 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. In addition to recruiting and hiring state employees, the Civil Service offers employee training, including seminars on planning and investing for retirement. The first 3% participant contribution is matched by the state with another 3%. 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. WebNext steps Create a budget using Voyas budget calculator. Who is eligible to participate in the 457 Plan?