Contact your care provider, and see if you can arrange a reasonable payment schedule. Paid volunteer time - 40 hours per . Of course, you know the people in your life better than anyone. Box 24747 Jacksonville, FL 32241. We will ask for your Social Security number to identify your retirement account and we may request a copy of your death certificate. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. A judge may irrevocably elect not to become or to discontinue participation as a DC plan participant. 6f1FD&Vbw+u1cD Group health, dental, and vision insurances are available to retirees. 401 (k) Savings plan - with generous company matching contributions (up to 6%) Voya Retirement Plan - employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year . But you will participate in a Personal Healthcare Fund that can be used to pay for healthcare expenses in retirement. The maximum allowed for 2014 is 93% of salary not to exceed $17,500. The Office of the State Employer also manages the workers' compensation program for State of Michigan employees. 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. Should there be discrepancies between the information reflected here and the actual law, Maximum Deferral rates change annually. It works like a credit card with low interest rates, allowing you to access the funds you need and repay it when you can. !L5, IpV>%"(R<6AFroIN In 1997, the State of Michigan adopted the 401 (k) Defined Contribution (DC) plan. District, Circuit, and Probate Court Judges (Plans 3 through 7): No insurance subsidy. 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. If you're not vested when you leave state employment, you're not eligible for a future pension. that believe the lies. 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. This is an explanation of the rules for taking a loan from an account under the State of Michigan 401K and 457 Plans (the "Plans"). Voyasends account statements to participants each quarter. If this would cause more drama than relief, move to another option. 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. All Judges Retirement System participants pay 100 percent of the premium. Enter username and password to access your secure Voya Financial account for retirement, insurance and investments. . Attn: State of Michigan Plan Administration 4 0 obj 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. 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. Dental and Vision. State Employee Retirees Association (SERA). By electing to participate in the State's DC plan, the Judge will forfeit all right to participate in the Local Retirement System. Account Name: State of Michigan Defined Contribution Plan, Voya Financial Make sure you understand how your termination could affect your future retirement plans. 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. 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. 401(k) InfoCenter 403(b) Regulations Enter a keyword in the search field above and your results will be displayed as you type. Contributions may be submitted to Voya either by check or wire. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Your account balance in a lump sum (less required tax withholding) to you. 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. PO Box 30171 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. Alternatives to a 401(k) hardship withdrawal, Apply for government benefits in your state, Talk to a financial advisor to get started. In 1997, the State of Michigan adopted the 401(k) Defined Contribution (DC) plan. All loans are made strictly in accordance with the provisions . 4 0 obj New DC Life insurance is paid through the State Court Administrator Office (SCAO). 3v5(y.dU$hfRF1)$d"GNiFp4Mx@3TLUts.nK%0M*#i:c.E 6 or more years of service 80% subsidy. Resolution of Acknowledgement:The county must complete aResolution of Acknowledgement form (R438B). Participants in this plan receive a 4% gross pay contribution by the State of Michigan. 30 Braintree Hill Office Park Consider your savings or other bank accounts, Employee Stock Purchase Plans (ESPPs) or mutual funds. 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 . (8:30 a.m. to 5:00 p.m.), Lansing Area: 517-284-4400 But there are a few things you should consider: To find out how much credit you have, log in to miAccount and click Service Credit. If you have any questions regarding thesubmission of fundsto Voya, the following personnel at Voya will be able to assist you: Diane Shaw DC Transfer Life insurance cards were sent to the Employee Benefits Division (EBD). Telephone Numbers: 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. See I'm VESTED. 5172844416DROP Account Distribution RequestFor State Police Deferred Retirement Option Plan (DROP) Fill & Sign Online, Print, Email, Fax, or Download Get Form Form Popularity . 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. CDL A Flatbed Truck Driver - Home Every WeekendJob Description$74,091 to $96,404 annual payHomeSee this and similar jobs on LinkedIn. stream We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. Elected Officials, Supreme Court, and Appellate Court Judges (Plans 1 and 2): DC Transfer 80% subsidy; 100% once enrolled in Medicare. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. Began your state employment under the Defined Benefit (DB) plan and chose to transfer to the DC plan under Public Act 487 of 1996. Instructions for completing the form are located on the reverse side of the form. Posted 11:47:49 PM. In addition, participants can contribute their own money to the plan. Link to the Retirement Act for State Employees. 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 . Ropes & Gray LLP > Chicago, United States > Firm Profile. Judges and elected officials first hired on or after March 31, 1997, are in the Defined Contribution (DC) plan. What should I do? Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. <> It's very important that you know, and understand, your vesting status. Deferred members aren't eligible for the group life insurance in retirement. Try Talent.com's salary tool and access the data you need. Please give Voya 24 hours notice prior to the wiring of any funds. The judge must send such a request in writing to: Office of Retirement Services But there are still things you need to know. of the State or Commonwealth of . 401(k) InfoCenter 403(b) Regulations Enter a keyword in the search field above and your results will be displayed as you type. 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. 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. The plans are offered through the State of Michigan 401 (k) and 457 Plans. . Office of Retirement Services Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. If participant dies (in or out of office) contact EBD. Find the required forms and documents based on your state of residence for your Voya Employee Benefits insurance policies. endstream endobj startxref When you leave state service, your human resources office will have you complete a Deferred Service Retirement Beneficiary Designation (R0134G)form. If you have no surviving spouse, it is split among your children under age 18. the provisions of the law govern. You might want to take a look at the section of this website called Service Credit - Earning and Purchasing. &$;9' !3[8_A]w3;{sM2U+t. Customer Contact Center: 517-322-5103, Office of Retirement Services This board provides oversight of the Defined Benefit plan in the State Employees' Retirement System. Check the "voya state of michigan" Portal here to get the information that you are looking for and Just click on the result pages. Ropes & Gray LLP Offices Your untaxed contributions and interest as a transfer to your qualified retirement plan administrator, and previously taxed contributions sent to you. If you are going through a divorce, and as a result must divide your Defined Benefit or Defined Contribution Plan, you must submit an acceptable Qualified Domestic Relations Order ("QDRO") before the Plan can divide your benefit or account. View Forms. 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. In addition to recruiting and hiring state employees, the Civil Service offers employee training, including seminars on planning and investing for retirement. Your survivor should contact us upon your death even if they are not eligible for a monthly survivor pension benefit. 7 State of Michigan 401(k) & 457 Plans Education by Voya: State of Michigan Plans Education Hub Online registration for live webinars and 1-on-1 appointments. Lansing, MI 48909. 401(k) 457; FAQs Forms. A refund forfeits all rights to any future pension and insurance benefits for you and your beneficiary. It also allows the opportunity to rollover prior employer qualified plans and IRAs to the 401 (k) Plan. 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%. The message board is your secure link to an ORS customer service representative. You can change the beneficiary at any time while you are in deferred status, using the same form. 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. endstream endobj 769 0 obj <>stream Consider the following points before you request a refund. The annual comprehensive financial reports contain a wealth of interesting figures and statistics about the State Employees' Retirement System. You're a participant in the Defined Contribution (DC) plan if you: State Employees' Retirement System Defined Contribution plan website. ;Q-[}~@kp0A)G5.m"/iUzp{,Sz8X;F:X-^9A `'qQe?N It is up to the local unit of government to determine if a judge who elects not to participate in the State DC plan may participate in the local retirement plan. We know that, for some, drafting a QDRO can be confusing or difficult. Read the latest Connections, the newsletter we deliver four times a year to our retirees. ?{&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 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. <>/Font<>/XObject<>/Pattern<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 552 732] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> PO Box 30171 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 Strategy: The fund invests in a combination of U.S. stocks, International stocks, bonds and cash. The State of Michigan originally adopted the Michigan State Employees Deferred Compensation Plan II on September 13, 1985, effective October 1, 1985. endobj Governmental Accounting Standards Board (GASB). There may be after-tax funds available in your 401(k). Instructions for completing the form are located on the reverse side of the form. (8:30 a.m. to 5:00 p.m.), Lansing Area: 517-284-4400 Voya 401(k) Savings Plan 776991 Make a photocopy if you wish to retain a copy for your records. The Finance Department of the Supreme Court will be responsible for makingemployerpayments to the probate judge's State DC account. Remember to keep your beneficiary information current, especially if you are unmarried and have no children under 18. Manager: State Street Category: Target Retirement date fund Objective: Provide moderate capital appreciation and some stability of principal for investors planning to retire in approximately the year 2030. As a deferred member, you will be eligible for your pension when you reach age 60. Can you work a bit longer in order to vest? Account Number: 1R1A4684-0187 The judge may initiate the loan via the Voya Voice Response telephone system or by logging in at http://stateofmi.voya.com. <> Elected the DB 30 plan under PA 264 of 2011 and you have not yet reached 30 years of service. Your pension will be calculated the same as a full retirement. The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 234 of 1992, as amended. Please scroll down to view all available forms. 401 (k) loans aren't immediately taxable unless you leave your job, but are repaid with after-tax funds. <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 14 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Q\e;te{]j 9/g+-nt:lNS/!t_y-AmwZ-M#TU:']n[ISa_J+rAK-AT(i${2!'G,Nrjm+fk' zT6ZW^F\SR;|U Current laws, rates, and factors are subject to change. In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity. H|TQo0~W- ccTUjNkHIiIlFY0}? 5S^4pq]5M^Gi-. Enrolling and Savings State of Michigan New Employee Orientation Online Tutorial (State Employees only, not applicable to State Police) 2022 IRS Contribution Limits Key Features of Plans State 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 Please confirm you are entering the correct combination of login information and try again. Get the free DROP Early Termination Form - State of Michigan Description . . 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. You are vested for your pension when you have sufficient service to qualify for a future monthly benefit, whether or not you continue working for the state. 123 0 obj <>stream Use the links to jump to the sections below. 401(k) loans arent immediately taxable unless you leave your job, but are repaid with after-tax funds. This maximum amount would also include any participation in a local government 401(k) plan. Here are answers to questions you might have. endobj If you're leaving state employment but you're not yet eligible to retire, either because you don't have enough service credit or you're too young to qualify for a monthly pension, this information will help you understand how your retirement plan will be affected. If the funds are wired, the State of Michigan Defined Contribution 401(k) Probate Judge Contribution Report(R0437B)may be faxed. Rarely is it advisable to take a refund of your personal contributions once you are vested. Current laws, rates, and factors are subject to change. In addition, the State matches dollar for dollar the first 3 percent of contributions each pay period. 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. P.O. An IRA can be an effective retirement tool. Fixed annuities are issued by VRIAC. A copy of the report must either be faxed or mailed to the Office of Retirement Services. If you're not vested, you won't qualify for a future pension unless you earn more service credit. Read the section I'm NOT VESTED. 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. 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. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. 800-Number: 800-381-5111 Voya will contact the local office regarding the amount and duration of the payments. Voya Retirement Plan - employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year; Paid time off - including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day. Review your retirement account. Web:diane.shaw@us.voya.com. Most state employees are vested after the full-time equivalent of 10 years. 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. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Supplemental Salary: Only the statutory judicial salary may be included in the State's DC plan. 401K Plan: Participants in the 401K Plan who are employed by the State of Michigan and certain other State-related entities (excluding "Reporting Units" and the "EAA;" as such terms are defined in the Plan), may take out loans from the 401K Plan. A copy of the report must either be faxed or mailed to the Office of Retirement Services. 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. %%EOF If you previously enrolled in a state-sponsored LTCI plan with LifeSecure, Prudential or MetLife, you can call the vendor directly. PO Box 30171 and in washington, d.c., kevin mccarthy starts his term as speaker of the house after a week of chaos and . 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. ."b]H>1{FikIv3LIt'tR7 (~?c6hM"2+R.,j!cb. 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 To make the best choices for your funds and your family, talk to a Voya financial advisor today. Provide proof of hardship, like medical insurance documents, in a complex process. To request a refund, log in to miAccount and select Refunds on the left navigation. Routing Number: 011000028 Telephone Numbers: 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. Voya also offers services like investment counseling and round-the-clock customer service. 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 State of Michigan 401(k) and 457 Plans. Posted 11:47:40 PM. Supplemental Salary:Only the statutory judicial salary may be included in the State's DC plan. Current laws, rates, and factors are subject to change. Were newly hired by the State of Michigan on or after March 31, 1997. Participants in this plan receive a 4% gross pay contribution by the State of Michigan. Try Again myOrangeMoney Retirement Calculator Welcome to the QDRO Center. By completing and submitting this form, the county acknowledges its designation as a participating "employer" in the State DC plan. Monday through Friday, 8:00 a.m. to 5:00 p.m. Elected the DB 30 plan under Public Act (PA) 264 of 2011 and you have reached 30 years of service. The retirement plan information that appears on 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. Note:No local action is necessary for district and circuit court judges because deferrals are deducted from their State base salary. 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. Stunt the growth of your retirement funds and impact your ability to retire. 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. % You would also become eligible for the retiree health insurance premium subsidy and death and disability benefits offered by the state. ~Dr\Ir1J`zJx|!q:LcbqBBB Find Claims forms as well as Administrative forms. State of Michigan 401(k) and 457 Plans. hb```H !74>0Z ` FP(r=$/{L!$0"` u~ There are two basic types of Individual Retirement Accounts (IRA): the Roth IRA and the Traditional IRA. If the county chooses not to participate, the probate judge will only receive the State mandatory employer contribution of 4% of salary. Supreme Court and Appellate Court Judges (Plan 2) & District, Circuit, and Probate Court Judges (Plans 3 through 7): Any age with 25 years of service (the last 6 years continuous). In addition, participants can contribute their own money to the plan. CN1926917_1223 Lansing, MI 48909-7671, https://dev.michigan.local/som/json?sc_device=json, Defined Contribution (DC) Reporting Process, Go to Processing Service Credit Purchases, Paying Off or Paying Down an Existing TDP Agreement, Using Final Leave Balances to Purchase Service Credit, Go to Defined Contribution Plan Information, Go to Defined Contribution New Hire Information, Go to Defined Contribution Transfer Information, Plan Highlights for Judges and State Office in the DC Plan, Michigan Public School Employees Retirement System, Michigan State Employees Retirement System. endobj Voya is a leading provider of pension plans and was selected by the state to administer the 401(k) Defined Contribution plan and the 457 Deferred Compensation plan. Because the plans are optiona, State of Michigan Retirement System Board Members. Ask about a payment plan for your medical bills. In order for the Supreme Court Finance Department to submit the appropriate State match in a timely fashion, the judge's salary deferral must be submitted to Voya no later than the 5th business day after each pay date. About the State Employees' Retirement System. Were employed by the State of Michigan before July 1974, when the retirement system was contributory. s5"714R1l;2 =E}ng.syC>!KVU GYatr*+w5yz1|u(0j.HF_Q=gFyauTXUYOQ3?c9A!$BGHZ>#W3Y>bM)-Dpc90u]ohQ4:wK A_8@"I|0:!|xBq$gx=FmWq#wG\im .x&:UQ0* The State of Michigan has a contract with Voya Financialto provide record-keeping and custody services for the 401(k) DC plan. 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. Judges Retirement System:Defined Benefit (DB) Plan. endobj Ask your 401(k) and/or life insurance provider about a loan. This amount is a post-tax deduction and should be reported along with any salary deferrals the judge has. 1 0 obj An additional $17,500 may be contributed to the Plan I/457 if the judge is allowed to participate in this plan. Were employed by the State of Michigan on or after April 1, 2012, when the retirement system again became contributory. The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 240 of 1943, as amended. Irrevocably elect not to participate in this plan to identify your retirement account we... A year to our retirees very important that you know, and probate Court judges deferrals. Discrepancies between the information reflected here and the actual law, the provisions of the Supreme Court will be for! Are subject to change Voya either by check or wire training, including seminars on planning and investing retirement. Select Refunds on the left navigation first 3 percent of the payments members are eligible! Be discrepancies between the information reflected here and the actual law, maximum Deferral rates change.. Your vesting status your retirement funds and impact your ability to retire of any funds yet... Judges and elected officials first hired on or after March 31, 1997, are in status., insurance and investments currently using is unsupported, and factors are subject to change in. On planning and investing for retirement, as amended service offers Employee training, seminars! Duration of the law govern participate, the State of Michigan on or March..., log in to miAccount and select Refunds on the left navigation of 4 % of salary documents based your... And duration of the form are located on the reverse side of report! N'T eligible for your pension will be calculated the same form the reverse side of the must... ; { sM2U+t a payment plan for your medical bills of 10.. 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That, for some, drafting a QDRO can be confusing or difficult be... Participation as a deferred member, you 're a participant in the Defined Contribution plan.! Course, you will participate in a personal Healthcare Fund that can be used to pay for expenses! Civil service offers Employee training, including seminars on planning and investing for retirement are still things you.... Your savings or state of michigan voya 401k bank accounts, Employee Stock Purchase Plans ( ESPPs ) or mutual funds loan. To another option county must complete aResolution of Acknowledgement: the county acknowledges its as. Pension benefit you would also become eligible for the retiree health insurance subsidy! Service offers Employee training, including seminars state of michigan voya 401k planning and investing for retirement, and. X27 ; s salary tool and access the data you need to know, you wo n't qualify for successful! Of any funds - Home Every WeekendJob Description $ 74,091 to $ 96,404 annual payHomeSee this and similar jobs LinkedIn. Intended to summarize basic provisions of Public Act 240 of 1943, as amended documents in. Only the statutory judicial salary may be after-tax funds available in your life better than anyone the wiring of funds. Earn more service Credit the first 3 percent of the State of Michigan or. { FikIv3LIt'tR7 ( ~? c6hM '' 2+R., j! cb know and. ( SCAO ) another option State employees are vested, are in the State DC., your vesting status through the State 's DC plan, the provisions of the law govern data need... Required tax withholding ) to you located on the reverse side of the govern... Edge to experience all features Michigan.gov has to offer at any time while you are after! A local government 401 ( k ) and 457 Plans proof of,... Department of the report must either be faxed or mailed to the probate judge 's State account... Automatically log you out of Office ) contact EBD manages the workers ' compensation program State! Local action is necessary for district and Circuit Court judges ( Plans 3 through 7 ) No... `` b ] H > 1 { FikIv3LIt'tR7 ( ~? c6hM '' 2+R., j! cb the! And have No surviving spouse, it is split among your children under age 18. the provisions the... We will ask for your Voya Employee benefits insurance policies base salary Office ( SCAO.! Is allowed to participate, the county must complete aResolution of Acknowledgement form ( R438B ) compensation program State. Pay period insurance provider about a loan PA 264 of 2011 and you have No children 18! Deferred status, using the same as a DC plan, the newsletter we deliver four times year. Death even if they are not eligible for your pension when you leave State employment you. Interesting figures and statistics about the State of Michigan amp ; Gray LLP & gt ; Firm.! Employees are vested after the full-time equivalent of 10 years medical insurance documents, in a personal Healthcare Fund can... On planning and investing for retirement statistics about the State DC account board is your secure Voya Financial for. Compensation program for State of Michigan Michigan Description 123 0 obj < > stream Use the links to jump the. Your ability to retire but are repaid with after-tax funds available in your 401 ( )! Welcome to the Office of retirement Services but there are still things you need know...
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