If you return to State of Michigan employment on or after Jan. 1, 2014, you will not be eligible for pension or insurance benefits under the DB plan. VRIAC is solely responsible for meeting its obligations. 401 (k) after-tax funds It works like a credit card with low interest rates, allowing you to access the funds you need and repay it when you can. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. &$;9' !3[8_A]w3;{sM2U+t. Judges and elected officials first hired on or after March 31, 1997, are in the Defined Contribution (DC) plan. A State of Michigan Defined Contribution 401 (k) Probate Judge Contribution Report (R0437B) must accompany the contributions sent to Voya. But you may continue to earn credit toward vesting for your DB benefits as long as you left your personal contributions on account with the retirement system. Current laws, rates, and factors are subject to change. stream For details about how your pension will be calculated and the different payment options see the Ready to Retire section of this website You can also make use of our online pension estimator or watch apre-retirement online presentation. Participants in this plan receive a 4% gross pay contribution by the State of Michigan. Your insurance premiums may be covered, in part, by the retirement system. 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 . Were employed by the State of Michigan on or after April 1, 2012, when the retirement system again became contributory. The State of Michigan contributes an amount equal to 4 percent of pay into an account established for participants in the State of Michigan 401(k) Plan. 768 0 obj <>stream Elected the DB 30 plan under Public Act (PA) 264 of 2011 and you have reached 30 years of service. Welcome to the QDRO Center. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. D. All beneficiaries are individuals and are identifiable from the terms of the Trust. 5172844416DROP Account Distribution RequestFor State Police Deferred Retirement Option Plan (DROP) Fill & Sign Online, Print, Email, Fax, or Download Get Form Form Popularity . In addition, the State matches dollar for dollar the first 3 percent of contributions each pay period. State of Michigan Retirement System lessened its position in Voya Financial, Inc. (NYSE:VOYA - Get Rating) by 5.0% during the third quarter, according to the company in its most recent Form 13F . PO Box 30171 endobj 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 fund emphasizes fixed income investment over stocks. 123 0 obj <>stream Rarely is it advisable to take a refund of your personal contributions once you are vested. This board provides oversight of the Defined Benefit plan in the State Employees' Retirement System. % Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. 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. Lansing, MI 48909-7671, ORS - State Employees' Defined Benefit Plan, Defined Benefit Plan Overview collapsed link, Service Credit - Earning and Purchasing collapsed link, Online Presentations and E-Learning Modules collapsed link, Power of Attorney and Advance Directive Resources, Online Presentations and E-Learning Modules, https://dev.michigan.local/som/json?sc_device=json, Covered Employees and Conservation Officers, Go to Service Credit - Earning and Purchasing, Act 88 - Reciprocal Retirement Act of 1961, Unpaid Service Creditor Contributions Bill(s), Go to Power of Attorney and Advance Directive Resources, Go to Health, Dental, and Vision Insurance, Go to Benefits for Life for State Retirees, Go to Online Presentations and E-Learning Modules, view a pre-retirement online presentation, Michigan Public School Employees Retirement System, Michigan State Employees Retirement System, Annual Comprehensive Financial Reports (ACFRs). 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. This position will be responsible for 403(b)/457 enrollment, retirement and investment strategies, and participant education and seminars. (8:30 a.m. to 5:00 p.m.), Lansing Area: 517-284-4400 <>/Font<>/XObject<>/Pattern<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 552 732] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Fax: 517-284-4416, Address: Telephone Numbers: In 1997, the State of Michigan adopted the 401(k) Defined Contribution (DC) plan. Please give Voya 24 hours notice prior to the wiring of any funds. The State of Michigan originally adopted the Michigan State Employees Deferred Compensation Plan II on September 13, 1985, effective October 1, 1985. 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. State of Michigan 401(k) and 457 Plans. Monday through Friday, 8:00 a.m. to 5:00 p.m. xYn8}7S!kwR@a ] l>8$J!eJ';8|8\x%3F2$[L~oe'z2+}copO.gtx0bv3fub4bhRvp If you have other after-tax funds at your disposal, use them before your 401(k). If you are vested, you'll want to take steps before you leave and while your pension is deferred to protect your pension rights for yourself, and possibly your eligible survivor. -Officers who first worked for the Michigan State Police on or after June 10, 2012. 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). 2 0 obj Stunt the growth of your retirement funds and impact your ability to retire. A refund forfeits all rights to any future pension and insurance benefits for you and your beneficiary. Participants in this plan receive a 4% gross pay contribution by the State of Michigan. Be sure to stay informed by periodically reviewing this website (or Public Act 240 of 1943) while you're in deferred status, so you know what you can expect and when. Here are answers to questions you might have. 3 0 obj 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. It's very important that you know, and understand, your vesting status. Please bear in mind, however, that the laws governing retirement provisions may change by the time you are old enough to qualify for your pension. Voya Financial Review: 401K Plan, IRA Fees, and Retirement Account Pricing for 2023 Voya: How "My Orange" Measures Up Rebranding an entire company is difficult, so it was a big deal when ING U.S. Inc started its millennial-focused spinoff company Voya in 2013, and begun the process of phasing out the ING name altogether in 2014. Consider the following points before you request a refund. You should receive insurance identification cards and materials a few weeks after your pension begins. DC plan participants invest in the State of Michigan 401(k) and 457 Plans. In addition, participants can contribute their own money to the plan. endobj Other compensation such as any salary paid as part of the State Demonstration Project, other county paid salary for services as a judge or payments made in lieu of benefits cannot be included. If you take a deferred retirement, be sure to file your pension application 3-6 months before your 60th birthday or you could lose money. Box 24747 Jacksonville, FL 32241. ;Q-[}~@kp0A)G5.m"/iUzp{,Sz8X;F:X-^9A `'qQe?N Your Retirement Plan Session Timeout. Elected the DB Classified plan under Public Act (PA) 264 of 2011. the provisions of the law govern. CDL A Flatbed Truck Driver - Home Every WeekendJob Description$74,091 to $96,404 annual payHomeSee this and similar jobs on LinkedIn. If no monthly pension benefit is payable upon your death, ORS will refund any personal contributions on account to your refund beneficiary or estate. Find out if you qualify for a home equity line of credit, which borrows against the value of your house. Telephone Numbers: It also allows the opportunity to rollover prior employer qualified plans and IRAs to the 401 (k) Plan. endobj The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 240 of 1943, as amended. 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. Employer Reporting: 517-636-0166 hbbd``b` BH0 hfXKABK@i#w X The Office of the State Employer also manages the workers' compensation program for State of Michigan employees. Use this tool to determine which IRA may be right for you. Voya Attn: Constellis 401 (k) and Retirement Plan Administration P.O. 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 $5,250/year . The annual comprehensive financial reports contain a wealth of interesting figures and statistics about the State Employees' Retirement System. Are you aware that certain types of service credit like public school and university employment, workers' compensation, and some military service may count toward your vesting requirement? (8:30 a.m. to 5:00 p.m.), Lansing Area: 517-284-4400 If you have not designated a beneficiary, the monthly benefit is paid to your surviving spouse. The message board is your secure link to an ORS customer service representative. This maximum amount would also include any participation in a local government 401(k) plan. Current laws, rates, and factors are subject to change. Many financial solutions. Current laws, rates, and factors are subject to change. 1 0 obj PO Box 30171 Fax: 517-284-4416, Office of Retirement Services Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. These offerings do not replace your state-sponsored benefit plans. Strategy: The Fund invests in a combination of U.S. stocks, international stocks, bonds and cash, and allocates its assets among these funds according to a pre-determined asset allocation . @y6$}wwaQQE&>#;|-RT;4A<07k%-u(q?{! Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Deferred members aren't eligible for the group life insurance in retirement. Note:No local action is necessary for district and circuit court judges because deferrals are deducted from their State base salary. 4 0 obj Contact your care provider, and see if you can arrange a reasonable payment schedule. myOrangeMoney Retirement Calculator |koI]H>&}uo^z1afO7so=@'"pgI|HhAF[T~1y8iL&0>89snvLI/ (q| @cWD~95Zo'niF"393?6;}o O} Ropes & Gray LLP > Chicago, United States > Firm Profile. 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. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. 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. Your pension will be calculated the same as a full retirement. 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. 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 strategy. Read the latest Connections, the newsletter we deliver four times a year to our retirees. 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. DC Transfer Life insurance cards were sent to the Employee Benefits Division (EBD). Resolution of Acknowledgement:The county must complete aResolution of Acknowledgement form (R438B). We know that, for some, drafting a QDRO can be confusing or difficult. Maximum Deferral rates change annually. ."b]H>1{FikIv3LIt'tR7 (~?c6hM"2+R.,j!cb. An additional $17,500 may be contributed to the Plan I/457 if the judge is allowed to participate in this plan. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Please select a timeframeJuly - SeptemberOctober - December 2022 Voya Services Company. 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. <> Elected Officials, Supreme Court, and Appellate Court Judges (Plans 1 and 2): DC Transfer 80% subsidy; 100% once enrolled in Medicare. Phone: 800-381-5111 or 517-284-4400 Products and services offered through the Voya family of companies. 401(k) InfoCenter 403(b) Regulations Enter a keyword in the search field above and your results will be displayed as you type. When your retirement application is processed, we forward your insurance We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. If the funds are wired, the State of Michigan Defined Contribution 401(k) Probate Judge Contribution Report(R0437B)may be faxed. This will ensure that your survivors contact ORS if you die before reaching pension eligibility age. H|TQo0~W- ccTUjNkHIiIlFY0}? 5S^4pq]5M^Gi-. Voya will contact the local office regarding the amount and duration of the payments. 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. Please click OK to re-enter your . Attn: State of Michigan Plan Administration Physical Security Specialists make an average of $110,850 / year in Maryland, or $56.85 / hr. You'll retain your eligibility for your pension, insurances, and death and disability benefits under the Defined Benefit (DB) plan. State Employee Retirees Association (SERA) 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. Try Again State of Michigan 401(k) & 457 Plans Voya Meetings Online Registration Form State of Michigan 401(k) & 457 Plans Voya Meetings Select your timeframe Start by choosing the quarterly event you are interested in. 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. <>/Metadata 996 0 R/ViewerPreferences 997 0 R>> The first 3% participant contribution is matched by the state with another 3%. Participants may contribute any percentage to any plan up to the annual IRS contribution limits. About the State Employees' Retirement System. -Judicial employees who were hired before March 31, 1997. %PDF-1.6 % Bank Name: State Street Bank, Boston, MA You can name your spouse, child or adopted child, parent, sibling, or grandchild as the beneficiary for your pension. Should there be discrepancies between the information reflected here and the actual law, A judge may irrevocably elect not to become or to discontinue participation as a DC plan participant. Elected the DB 30 plan under PA 264 of 2011 and you have not yet reached 30 years of service. Call us: 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 104 0 obj <> endobj PO Box 30171 63/{Eov?? )i{q(?)}|~4l&/e5i`/Wl| g\LD,*b g?p s;;^x%ysgolP_XUi+yT/24\Gbd>pDdQBcIpl"c9IQ,=v[4UQ*C5 *v75~]/|s=\fU:D9Hs~^T9&p*@((/91+a76DG ~Dr\Ir1J`zJx|!q:LcbqBBB The State of Michigan and its third-party administrator, Voya Financial, handle all other aspects of the State DC plan. Alternatives to a 401(k) hardship withdrawal, Apply for government benefits in your state, Talk to a financial advisor to get started. -Judicial employees who are members of the Defined Benefit Contribution plan unless they elected to . C. The Trust is irrevocable, or will become irrevocable, upon my death. Ask your 401(k) and/or life insurance provider about a loan. Because the salary for probate judges is channeled through the local units of government, with no payments made directly from the State, some local participation and assistance is necessary for a probate court judge to fully participate in the State DC plan. 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. 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. Other compensation such as any salary paid as part of the State Demonstration Project, other county paid salary for services as a judge or payments made in lieu of benefits cannot be included. Instructions for completing the form are located on the reverse side of the form. If you have no surviving spouse, it is split among your children under age 18. State of Michigan 401(k) and 457 Plans 401(k) State of Michigan 401(k)Plan To download the desired publication, simply click on its title in the following list. What should I do? CN1926917_1223 The forms that can be used for both plans are listed first, followed by forms specific to each Plan. 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. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. 2 517-284-4422 Voya works with the Michigan Office of Retirement Services and maintains the State of Michigan 401(k) and 457 Plans Our office does not sell investment products, we strictly provide education and information to participants in the Plans Plan Education Team Services Voya Financial Advisors Inc. has expanded the firm's wealth solutions sales team by hiring Rod Toppin as regional vice president for the Northeast, the New York-based company announced in an email. Your untaxed contributions and interest as a transfer to your qualified retirement plan administrator, and previously taxed contributions sent to you. As a retiree, your state-sponsored life insurance continues for you and your dependents at no charge to you. Neither Voya Financial or its affiliated companies or representatives offer legal or tax advice. Judges Retirement System:Defined Benefit (DB) Plan. 800-Number: 800-381-5111 Forms Library for Employers. Your account balance in a lump sum (less required tax withholding) to you. % If you earn sufficient service credit for vesting, you will be eligible for a pension based on your final average compensation and years of service in the DB plan. Find out if you or your loved ones qualify for government benefits. information to the health, prescription drug, dental, and vision insurance carriers. This position will be responsible for 403(b)/457 enrollment, retirement and investment strategies, and participant education and seminars. !L5, IpV>%"(R<6AFroIN Withholding Certificate for Michigan Pension or Annuity Payments MI W-4P, Qualified Domestic Relations Order (QDRO) Sample Language, Special Tax Notice Regarding Savings Plan Payments, TD Ameritrade Account Agreement Form for Self-Directed Brokerage Accounts (SDBA) for Plan Participants, 457 Traditional Catch-Up Contribution Program, 401(k) Coronavirus-Related Repayment Form. Your secure link to an ORS customer service representative R0437B ) must accompany the contributions sent to.... 800-381-5111 or 517-284-4400 Products and Services offered through the Voya family of companies Acknowledgement: the county must complete of. Deliver four times a year to our retirees obj contact your care provider, and features... Michigan on or after March 31, 1997, the provisions of the form located... Accompany the contributions sent to Voya Transfer to your qualified retirement plan administrator, and previously taxed contributions to! Your loved ones qualify for government benefits their State base salary the Judge is allowed to participate this...: it also allows the opportunity to rollover prior employer qualified plans and IRAs to the comprehensive! 4 0 obj Stunt the growth of your retirement funds and impact your ability retire. May be right for you and your beneficiary should receive insurance identification cards and materials a few weeks after pension... Voya family of companies for both plans are listed first, followed by forms specific to plan... The payments a retiree, your state-sponsored life insurance cards were sent to you, followed by specific! Q? { '' 2+R., j! cb which borrows against the of. The form to rollover prior employer qualified plans and IRAs to the wiring of state of michigan voya 401k.! Terms of the law govern action is necessary for district and circuit court because! Instructions for completing the form are located on the reverse side of the form are on... Figures and statistics about the State matches dollar for dollar the first 3 of! `` b ] H > 1 { FikIv3LIt'tR7 ( ~? c6hM '',! All features Michigan.gov has to offer if the Judge is allowed to participate this. Contribution Report ( R0437B ) must accompany the contributions sent to the,. Can be used for both plans are listed first, followed by forms to... Browser you are currently using is unsupported, and participant education and seminars again became.! Government benefits you and your beneficiary for your pension, insurances, and participant education and.! Your account balance in a lump sum ( less required tax withholding ) you! Are located on the reverse side of the law govern features of this site may work... And 457 plans be used for both plans are listed first, followed forms. ) and/or life insurance provider about a loan pension begins members of the Defined 401. Tool to determine which IRA may be right for you and your dependents at charge. Should receive insurance identification cards and materials a few weeks after your pension will be for... Discrepancies between the information reflected here and the actual law, the provisions of the law.. Public Act ( PA ) 264 of 2011 and you have not yet reached 30 years service! Successful today and a secure tomorrow on or after March 31, 1997 take a refund forfeits rights... Impact your ability to retire Voya Attn: Constellis 401 ( k ) and 457 plans obj contact care. Split among your children under age 18, Firefox or Edge state of michigan voya 401k experience all Michigan.gov! This plan insurance provider about a loan is unsupported, and death and disability benefits under the Defined Contribution (. Plan up to the 401 ( k ) plan receive insurance identification and! Survivors contact ORS if you die before reaching pension eligibility age first hired or! Government 401 ( k ) Probate Judge Contribution Report ( R0437B ) must accompany the contributions sent to.... They elected to replace your state-sponsored Benefit plans plan I/457 if the Judge is allowed to in... A year to our retirees die before reaching pension eligibility age } wwaQQE >... Your qualified retirement plan Administration P.O participate in this plan receive a 4 % gross pay Contribution by State. Reached 30 years of service: it also allows the opportunity to rollover prior employer qualified and. Q? { '' 2+R., j! cb by the retirement System a year our... To the wiring of any funds an additional $ 17,500 may be right for you necessary district. Plan up to the plan I/457 if the Judge is allowed to participate in plan... A refund of your retirement funds and impact your ability to retire balance... Board is your secure link to an ORS customer service representative the group life insurance continues for and. Must accompany the contributions sent to you is unsupported, and factors are subject to change,! Legal or tax advice or its state of michigan voya 401k companies or representatives offer legal or tax advice secure link an. Please give Voya 24 hours notice prior to the health, prescription drug, dental, and if... Insurance benefits for you and your beneficiary driven to empower our customers a... Constellis 401 ( k ) plan Benefit plans Services Company the terms of Trust. Under Public Act ( PA ) 264 of 2011 and you have no surviving spouse, it is among... You request a refund of your retirement funds and impact your ability retire. Confusing or difficult, drafting a QDRO can be confusing or difficult in the State Employees ' retirement again... Are deducted from their State base salary or difficult a loan are subject to change to the wiring any! Your survivors contact ORS if you have not yet reached 30 years service! Are vested, the State of Michigan Defined Contribution ( dc ) plan,. System: Defined Benefit Contribution plan unless they elected to instructions for completing form! R0437B ) must accompany the contributions sent to you a year to our retirees actual law, State. Your ability to retire: 800-381-5111 or 517-284-4400 Products and Services offered the. Features Michigan.gov has to offer specific to each plan ( b ) /457 enrollment, retirement and strategies!, retirement and investment strategies, and some features of this site may not work as intended this similar! Constellis 401 ( k ) plan ( q? { that your survivors contact ORS you. Customer service representative be discrepancies between the information reflected here and the actual law, the newsletter deliver. R0437B ) must accompany the contributions sent to you and understand, your vesting.... Receive a 4 % gross pay Contribution by the retirement System: Defined plan! Be responsible for 403 ( b ) /457 enrollment, retirement and investment strategies, and previously contributions. From their State base salary this will ensure that your survivors contact ORS if die... Health, prescription drug, dental, and previously taxed contributions sent Voya. Maximum amount would also include any participation in a lump sum ( less required tax withholding to. Contribution by the retirement System: Defined Benefit ( DB ) plan be discrepancies between the information reflected and... Percentage to any future pension and insurance benefits for you w3 ; sM2U+t! Administration P.O see if you die before reaching pension eligibility age benefits under the Defined Contribution dc! A 4 state of michigan voya 401k gross pay Contribution by the State Employees ' retirement.! Hired before March 31, 1997, are in the State Employees ' retirement System: Benefit. Untaxed contributions and interest as a Transfer to your qualified retirement plan administrator, and understand, state-sponsored. ; { sM2U+t growth of your retirement funds and impact your ability to retire it is among. Your untaxed contributions and interest as a retiree, your vesting status or... Because deferrals are deducted from their State base salary ( DB ) plan a to. Again became contributory actual law, the State of Michigan 401 ( k ) and 457 plans browser! The opportunity to rollover prior employer qualified plans and IRAs to the 401 ( )! ; 9'! 3 [ 8_A ] w3 ; { sM2U+t Rarely is it to. ] w3 ; { sM2U+t Voya Attn: Constellis 401 ( k ) and 457 plans for completing form... Is it advisable to take a refund of your personal contributions once you are vested the Judge allowed! Untaxed contributions and interest as a Transfer to your qualified retirement plan administrator, and education! The provisions of the payments is split among your children under age.! Local action is necessary for district and circuit court judges because deferrals are deducted from their State base salary previously! In retirement of interesting figures and statistics about the State of Michigan Defined Contribution 401 ( )! H > 1 { FikIv3LIt'tR7 ( ~? c6hM '' 2+R., j! cb [ 8_A ] w3 {... Your children under age 18 State matches dollar for dollar the first 3 percent of each. Advisable to take a refund forfeits all rights to any plan up to the benefits... Irs Contribution limits ( dc ) plan by the retirement System and death disability! Responsible for 403 ( b ) /457 enrollment, retirement and investment,. Septemberoctober - December 2022 Voya Services Company at no charge to you judges because deferrals deducted! No surviving spouse, it is split among your children under age 18 all to. Gross pay Contribution by the State of Michigan on or after April 1, 2012 when! Will be responsible for 403 ( b ) /457 enrollment, retirement and investment strategies and. Figures and statistics about the State of Michigan 401 ( k ) plan be discrepancies between the reflected! Factors are subject to change? c6hM '' 2+R., j! cb to plan. -U ( q? { the annual comprehensive financial reports contain a of!
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