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800-Number: 800-381-5111

WebState of Michigan 401(k) Plan To download the desired publication, simply click on its title in the following list.

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

WebNext steps Create a budget using Voyas budget calculator. 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.

Current laws, rates, and factors are subject to change.

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.

We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. Read the latest Connections, the newsletter we deliver four times a year to our retirees.

The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Participants in this plan receive a 4% gross pay contribution by the State of Michigan.

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Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer.

Elected the DB/DC Blend plan under PA 264 of 2011, and thus became a DC plan participant April 1, 2012. Skip to Main Content. Welcome to your March 2023 issue of the Proactive newsletter..

Voya also offers services like investment counseling and round-the-clock customer service.

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 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.

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

Link to the Retirement Act for State Employees. Final distribution checks are mailed first class within three business days of receiving your signed forms.

To download the desired package, simply click on its title in the following

WebTo request the Payout Request Form For Participants please call the plan information line at 1-800-748-6128.

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. WebVoya is the record keeper for your retirement plan.

This service provides you with advice professional, unbiased investment planning, Enrolling and Savings.

IRS Contribution Limits; Key Features of

The annual comprehensive financial reports contain a wealth of interesting figures and statistics about the State Employees' Retirement System. 800-Number: 800-381-5111 Web401(k) 457; FAQs Forms.

About this session Duration: 6

IRS Contribution Limits; Key Features

Elected the DB Classified plan under Public Act (PA) 264 of 2011. 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.

You're a participant in the Defined Contribution (DC) plan if you: State Employees' Retirement System Defined Contribution plan website.

WebVoya Financial is the third-party administrator for the State of Michigan 401 (k) and 457 Plans. Designation of Beneficiary; Beneficiary Payout Request; Direct Deposit Agreement; Tax Withholding Certificate; Withholding Certificate for

Were newly hired by the State of Michigan on or after March 31, 1997.

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

Telephone Numbers:

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. The Message Board is your secure link to an ORS customer service representative.

Voyasends account statements to participants each quarter.

(You retain the DB insurance subsidy.).

This business can be reached at (860) 275-2110 WebState of Michigan 401(k) and 457 Plans. In addition, participants can contribute their own money to the plan.

WebAfter the signed form is received and approved by Voya Financial, a check will be mailed within three business days.

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

In addition to recruiting and hiring state employees, the Civil Service offers employee training, including seminars on planning and investing for retirement. Web401 (k) Retirement Plan Overview In 1997, the State of Michigan adopted the 401 (k) Defined Contribution (DC) plan.

PO Box 30171

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 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.

The operation of the State Employees' Retirement System is controlled by the State Employees' Retirement Act, Public Act 240 of 1943, as amended.

Session Timeout. How can I stay In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity.

The Office of the State Employer also manages the workers' compensation program for State of Michigan employees.

Eligible participants include actively This board provides oversight of the Defined Benefit plan in the State Employees' Retirement System. Web401(k) State of Michigan 401(k)Plan To download the desired publication, simply click on its title in the following list.

If Voya is unable to assist you, please contact the Michigan Office of Retirement Services. Web401(k) Plan and 457 Plan Forms. The State of Michigan has a contract with Voya Financialto provide record-keeping and custody services for the 401(k) DC plan.

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: WebThe state of Michigan provides access to Voya Retirement Advisors, LLC (VRA).

WebA. In 1997, the State of Michigan adopted the 401(k) Defined Contribution (DC) plan.

In order to protect your personal information, we automatically log you out of your account after a certain period of

WebFree Business profile for VOYA FINANCIAL PARTNERS LLC at 1 Orange Way, Windsor, CT, 06095-4773, US. 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.

Its Employee Health Management Division assists employees with work-related illnesses and injuries. 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). Skip to Footer.

Who is eligible to participate in the 457 Plan?

Began your state employment under the Defined Benefit (DB) plan and chose to transfer to the DC plan under Public Act 487 of 1996. PO Box 30171 State Employee Retirees Association (SERA). Current laws, rates, and factors are subject to change. The Employee Benefits Division of the Civil Service negotiates health insurance contracts for both active and retired state employees.

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.

Separated participants can receive distributions no earlier than 45 days from their termination date.

WebFrom Anthony's desk Notes from ORS Director Anthony Estell.

The first 3% participant contribution is matched by the state with another 3%.

Frequently Asked Questions.

Should there be discrepancies between the information reflected here and the actual law, 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.

Participants in this plan receive a 4% gross pay

WebYour Retirement Plan Session Timeout.

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

The web Browser you are currently using is unsupported, and some features of this site may not work as intended. nav list Question : How quickly can I get my money when I make a request for

Voya's mission is to guide Americans on their journey to greater retirement readiness and to make a secure financial future