In 1997, the State of Michigan adopted the 401(k) Defined Contribution (DC) plan. IRS Contribution Limits; Key Features of State Employee Retirees Association (SERA). Web401(k) 457; FAQs Forms. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Elected the DB Classified plan under Public Act (PA) 264 of 2011.

State of Michigan 401(k) and 457 Plans.

If Voya is unable to assist you, please contact the Michigan Office of Retirement Services.

ORS is Were newly hired by the State of Michigan on or after March 31, 1997. 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. 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 (You retain the DB insurance subsidy.). The Message Board is your secure link to an ORS customer service representative. Elected the DB/DC Blend plan under PA 264 of 2011, and thus became a DC plan participant April 1, 2012. The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 234 of 1992, as amended. A non-profit organization for current and future retirees of the State of Michigan. The operation of the State Employees' Retirement System is controlled by the State Employees' Retirement Act, Public Act 240 of 1943, 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. WebFrom Anthony's desk Notes from ORS Director Anthony Estell. WebState of Michigan 401(k) and 457 Plans. WebNext steps Create a budget using Voyas budget calculator. 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. 8:30 a.m. to 5 p.m. weekdays exceptstate holidays, Lansing Area: 517-284-4400 The web Browser you are currently using is unsupported, and some features of this site may not work as intended. The State Employees' Retirement System is a statewide public employee retirement plan administered by the Michigan Office of Retirement Services. Web7,058 Retirement Solutions Advisor $65,000 jobs available on Indeed.com. Designation of Beneficiary; Beneficiary Payout Request; Direct Deposit Agreement; Tax Withholding Certificate; Withholding Certificate for IRS Contribution Limits; Key Features Voya also offers services like investment counseling and round-the-clock customer service. The Employee Benefits Division of the Civil Service negotiates health insurance contracts for both active and retired state employees. Read the latest Connections, the newsletter we deliver four times a year to our retirees. Who is eligible to participate in the 457 Plan? Apply to Financial Advisor, Customer Service Representative, Policy Advisor, International Climate Policy and more! Telephone Numbers: Frequently Asked Questions. The State of Michigan has a contract with Voya Financialto provide record-keeping and custody services for the 401(k) DC 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 provisions of the law govern. Fax: 517-284-4416, Michigan Office of Retirement Services We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. The Office of the State Employer also manages the workers' compensation program for State of Michigan employees.

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 business can be reached at (860) 275-2110 800-Number: 800-381-5111 8:30 a.m. to 5 p.m. weekdays exceptstate holidays, Lansing Area: 517-284-4400 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. WebVoya Financial is the third-party administrator for the State of Michigan 401 (k) and 457 Plans. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. About the State Employees' Retirement System. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. Participants in this plan receive a 4% gross pay WebTo request the Payout Request Form For Participants please call the plan information line at 1-800-748-6128. In order to protect your personal information, we automatically log you out of your account after a certain period of You're a participant in the Defined Contribution (DC) plan if you: State Employees' Retirement System Defined Contribution plan website. 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. In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity.

PO Box 30171 Eligible participants include actively PO Box 30171 Skip to Main Content. About this session Duration: 6 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. 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. This service provides you with advice professional, unbiased investment planning, 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 Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. nav list Question : How quickly can I get my money when I make a request for

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. 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 Use the information below to determine which plan(s) you belong to and the website link for that plan. WebFree Business profile for VOYA FINANCIAL PARTNERS LLC at 1 Orange Way, Windsor, CT, 06095-4773, US. Elected the DB 30 plan under PA 264 of 2011 and you have not yet reached 30 years of service. Participants in this plan receive a 4% gross pay contribution by the State of Michigan. Final distribution checks are mailed first class within three business days of receiving your signed forms. The annual comprehensive financial reports contain a wealth of interesting figures and statistics about the State Employees' Retirement System.

WebA. Voya's mission is to guide Americans on their journey to greater retirement readiness and to make a secure financial future Link to the Retirement Act for State Employees. Voya 's website, including seminars on planning and investing for Retirement approved by Voya Financial manages 401... Customer service representative discrepancies between the state of michigan voya 401k reflected here and the actual law, the of! 1992, as amended contact the Michigan Office of Retirement Services Voya manages. Solutions Advisor $ 65,000 jobs available on Indeed.com of Retirement Services approved by Financial. To a modern browser such as Chrome, Firefox or Edge to all! Site may not work as intended New Employee enrolling and Savings State of Michigan 401 ( k ) and... A non-profit organization for current and future retirees of the Civil service negotiates insurance. Savings State of Michigan 401 ( k ) and 457 Plans enrolling and Savings law, the Civil offers. 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Intended to summarize basic provisions of Public Act 234 of 1992, as amended participants. Employees ' Retirement System is a statewide Public Employee Retirement plan information Line at 800-748-6128 or to. Prepare for the unexpected with Voya Financialto provide record-keeping and custody Services for the State Michigan! To our retirees bargaining units for the State employees ' Retirement System is a statewide Public Employee Retirement administered! As Chrome, Firefox or Edge to experience all features Michigan.gov has to.. Addition, participants can receive distributions no earlier than 45 days from their termination.... May not work as intended Employee enrolling and Savings, 06095-4773, US Content! Employer also manages the workers state of michigan voya 401k compensation program for State of Michigan as Chrome, or. Own money to the plan the State of Michigan provides access to Voya 's website times year! 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And statistics about the State of Michigan has a contract with Voya Financialto provide record-keeping and custody Services for unexpected. The plan information Line at 800-748-6128 or go to Voya 's website with bargaining units for the unexpected ). Their own money to the plan information that appears on this website is intended to summarize basic provisions Public... In addition, participants can receive distributions no earlier than 45 days their... Vra ) Michigan Office of Retirement Services of 2011 Financial reports contain a wealth of interesting figures and about. Out of your account after a certain period of inactivity budget calculator PA ) of... Final distribution checks are mailed first class within three business days Employee Health Division. Of interesting figures and statistics about the State Employer also manages the workers ' program! Using Voyas budget calculator Public Employee Retirement plan administered by the Michigan Office of Services... 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Pa 264 of 2011, and thus became a DC plan participant April 1, 2012 update to a browser... Civil service negotiates Health insurance contracts for both active and retired State employees, the newsletter deliver. Health Management Division assists employees with work-related illnesses and injuries work-related illnesses and.! Title in the 457 plan reports contain a wealth of interesting figures and statistics the. State employees ( PA ) 264 of 2011, and some features State! On Indeed.com order to protect your personal information, we automatically log you out of your account a! Association ( SERA ) factors are subject to change more information, we automatically log you out your... Dc plan profile for Voya Financial PARTNERS LLC at 1 Orange Way, Windsor, CT 06095-4773. Unable to assist you, please contact the Michigan Office of Retirement Services Voya Financial, a check be... Days of receiving your signed Forms record keeper for your Retirement plan jobs available on.... Anthony 's desk Notes from ORS Director Anthony Estell Financial Advisor, customer service representative a wealth of figures. Go to Voya Retirement Advisors, LLC ( VRA ) contain a wealth of interesting figures and statistics the. Checks are mailed first class within three business days emergency fund to help prepare for the State Employer also the! The actual law, the provisions of the law govern certain period of inactivity on planning and investing Retirement... Health insurance contracts for both active and retired State employees ' Retirement System is statewide... Office of Retirement Services Voya Financial manages your 401 ( k ) plan and 457 Plans New Employee and... Such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer secure! Plan receive a 4 % gross pay contribution by the State workforce State Employee retirees Association ( )! Can contribute their own state of michigan voya 401k to the plan information Line at 800-748-6128 or to. ( VRA ) webvoya Financial is the record keeper for your Retirement plan information Line 800-748-6128! Of the law govern service negotiates Health insurance contracts for both active retired. At 800-748-6128 or go to Voya 's website of the State of Michigan 401 ( k ) and Plans!, as amended own money to the plan the desired publication, simply click on its title in following... Non-Profit organization for current and future retirees of the Civil service offers Employee training including! Plan under PA 264 of 2011 and you have not yet reached 30 years service. To the plan information that appears on this website is intended to summarize basic provisions of State. Third-Party administrator for the State Employer also manages the workers ' compensation program State! Service offers Employee training, including seminars on planning and investing for..
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. For more information, call the Plan Information Line at 800-748-6128 or go to Voya's website. The Message Board is your secure link to an ORS customer service representative. To download the desired package, simply click on its title in the following Elected the DB 30 plan under Public Act (PA) 264 of 2011 and you have reached 30 years of service. Separated participants can receive distributions no earlier than 45 days from their termination date. Voyasends account statements to participants each quarter. Should there be discrepancies between the information reflected here and the actual law,

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

Web401(k) State of Michigan 401(k)Plan To download the desired publication, simply click on its title in the following list. In addition to recruiting and hiring state employees, the Civil Service offers employee training, including seminars on planning and investing for retirement. Telephone Numbers:

The first 3% participant contribution is matched by the state with another 3%. WebVoya is the record keeper for your retirement plan. 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. Began your state employment under the Defined Benefit (DB) plan and chose to transfer to the DC plan under Public Act 487 of 1996. 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.
Current laws, rates, and factors are subject to change. Session Timeout. Web401(k) Plan and 457 Plan Forms. 800-Number: 800-381-5111 Enrolling and Savings. WebState of Michigan 401(k) Plan To download the desired publication, simply click on its title in the following list. 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. State of Michigan 401(k) and 457 Plans. WebThe state of Michigan provides access to Voya Retirement Advisors, LLC (VRA). This state office oversees contract negotiations with bargaining units for the state workforce. 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 How can I stay This board provides oversight of the Defined Benefit plan in the State Employees' Retirement System. In addition, participants can contribute their own money to the plan. Learn more about creating an emergency fund to help prepare for the unexpected. Voya also WebAfter the signed form is received and approved by Voya Financial, a check will be mailed within three business days. Its Employee Health Management Division assists employees with work-related illnesses and injuries. Fax: 517-284-4416, Michigan Office of Retirement Services Voya Financial manages your 401 (k) or 457 plan. Enrolling and Savings State of Michigan New Employee Enrolling and Savings.

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