state of michigan voya 401k

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

WebYour Retirement Plan Session Timeout.

Current laws, rates, and factors are subject to change. PO Box 30171

In addition to recruiting and hiring state employees, the Civil Service offers employee training, including seminars on planning and investing for retirement.

Voya also offers services like investment counseling and round-the-clock customer service. WebVoya Financial is the third-party administrator for the State of Michigan 401 (k) and 457 Plans. This service provides you with advice professional, unbiased investment planning,

The Employee Benefits Division of the Civil Service negotiates health insurance contracts for both active and retired state employees.

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Web401(k) State of Michigan 401(k)Plan To download the desired publication, simply click on its title in the following list. Were newly hired by the State of Michigan on or after March 31, 1997.

For more information, call the Plan Information Line at 800-748-6128 or go to Voya's website.

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. 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 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.

The annual comprehensive financial reports contain a wealth of interesting figures and statistics about the State Employees' Retirement System. Began your state employment under the Defined Benefit (DB) plan and chose to transfer to the DC plan under Public Act 487 of 1996.

This state office oversees contract negotiations with bargaining units for the state workforce. Voyasends account statements to participants each quarter.

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

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

Use the information below to determine which plan(s) you belong to and the website link for that plan.

Web401(k) 457; FAQs Forms.

Enrolling and Savings State of Michigan New Employee 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.

WebThe state of Michigan provides access to Voya Retirement Advisors, LLC (VRA). In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity. Enrolling and Savings.

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

Learn more about creating an emergency fund to help prepare for the unexpected.

WebNext steps Create a budget using Voyas budget calculator.

The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 234 of 1992, as amended. Elected the DB 30 plan under Public Act (PA) 264 of 2011 and you have reached 30 years of service.

Enrolling and Savings.

In addition, participants can contribute their own money to the plan. 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. State Employee Retirees Association (SERA).

Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. 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 State Employees' Retirement System is a statewide public employee retirement plan administered by the Michigan 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.

Read the latest Connections, the newsletter we deliver four times a year to our retirees. Elected the DB 30 plan under PA 264 of 2011 and you have not yet reached 30 years of service. Link to the Retirement Act for State Employees.

Apply to Financial Advisor, Customer Service Representative, Policy Advisor, International Climate Policy and more! 8:30 a.m. to 5 p.m. weekdays exceptstate holidays, Lansing Area: 517-284-4400

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.

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

800-Number: 800-381-5111

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

the provisions of the law govern.

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

Skip to Main Content.

WebA. State of Michigan 401(k) and 457 Plans. 8:30 a.m. to 5 p.m. weekdays exceptstate holidays, Lansing Area: 517-284-4400 Its Employee Health Management Division assists employees with work-related illnesses and injuries. The Message Board is your secure link to an ORS customer service representative.

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 About the State Employees' Retirement System. The web Browser you are currently using is unsupported, and some features of this site may not work as intended.

IRS Contribution Limits; Key Features

The operation of the State Employees' Retirement System is controlled by the State Employees' Retirement Act, Public Act 240 of 1943, as amended. 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). This business can be reached at (860) 275-2110

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