But there are still things you need to know. 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%. Fax: 517-284-4416, Address: Quarterly Education Schedule Listing of all education offerings for the . As a retiree, your state-sponsored life insurance continues for you and your dependents at no charge to you. (8:30 a.m. to 5:00 p.m.), Lansing Area: 517-284-4400 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; Paid time off - including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day. Find the required forms and documents based on your state of residence for your Voya Employee Benefits insurance policies. 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. Once you terminate or switch to the DC plan, it is too late. The Plan has been amended and restated since the Plan's original adoption and retitled as the "State of Michigan 401K Plan." The operation of the State Employees' Retirement System is controlled by the State Employees' Retirement Act, Public Act 240 of 1943, as amended. Posted 11:47:49 PM. By electing to participate in the State's DC plan, the Judge will forfeit all right to participate in the Local Retirement System. their beneficiaries. Posted 11:47:49 PM. 6 or more years of service 80% subsidy. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. 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. Rarely is it advisable to take a refund of your personal contributions once you are vested. If you have no surviving spouse, it is split among your children under age 18. * 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 $5,250/year * Paid time off - including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day. A copy of the report must either be faxed or mailed to the Office of Retirement Services. Monday through Friday, 8:00 a.m. to 5:00 p.m. 401(k) Savings plan - with generous company matching contributions (up to 6%) . If you take a deferred retirement, be sure to file your pension application 3-6 months before your 60th birthday or you could lose money. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. A refund forfeits all rights to any future pension and insurance benefits for you and your beneficiary. The fund emphasizes fixed income investment over stocks. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. All loans are made strictly in accordance with the provisions . s5"714R1l;2
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A_8@"I|0:!|xBq$gx=FmWq#wG\im .x&:UQ0* Contributions: Employee contributions are allowable up to the maximum amount specified under the Internal Revenue Code. Of course, you know the people in your life better than anyone. Judges Retirement System:Defined Benefit (DB) Plan. )i{q(?)}|~4l&/e5i`/Wl|
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s;;^x%ysgolP_XUi+yT/24\Gbd>pDdQBcIpl"c9IQ,=v[4UQ*C5 *v75~]/|s=\fU:D9Hs~^T9&p*@((/91+a76DG Employer Reporting: 517-636-0166 Any insurance products, annuities and funding agreements that you may have purchased are sold as securities and are issued by Voya Retirement Insurance and Annuity Company ("VRIAC") One Orange Way, Windsor CT 06095-4774. e; 9;,QKdVi$3M{$!ZO(||lrMqYZUAcQQ3C.,Qxy"qwzSIET. Ask your 401(k) and/or life insurance provider about a loan. DC plan participants invest in the State of Michigan 401(k) and 457 Plans. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. 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 . This position will be responsible for 403(b)/457 enrollment, retirement and investment strategies, and participant education and seminars. AState of Michigan Defined Contribution 401(k) Probate Judge Contribution Report(R0437B)must accompany the contributions sent to Voya. There may be after-tax funds available in your 401(k). We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. endobj
Please scroll down to view all available forms. The Office of the State Employer also manages the workers' compensation program for State of Michigan employees. How close are you to meeting the vesting requirements? endstream
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But remember, additional service can be credited only while you are an active, contributing member of the DB plan. Note:No local action is necessary for district and circuit court judges because deferrals are deducted from their State base salary. 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 . For the LifeSecure Indiv. <>>>
You might want to take a look at the section of this website called Service Credit - Earning and Purchasing. Voya 401(k) Savings Plan 776991 Make a photocopy if you wish to retain a copy for your records. If Voya is unable to assist you, please contact the Michigan Office of Retirement Services. Participants in this plan receive a 4% gross pay contribution by the State of Michigan. 0
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. Telephone Numbers: Please select a timeframeJuly - SeptemberOctober - December 2022 Voya Services Company. Deferred members aren't eligible for the group life insurance in retirement. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. -Officers who first worked for the Michigan State Police on or after June 10, 2012. A non-profit organization for current and future retirees of the State of Michigan. If this would cause more drama than relief, move to another option. The message board is your secure link to an ORS customer service representative. (You retain the DB insurance subsidy.). Neither Voya Financial or its affiliated companies or representatives offer legal or tax advice. Maximum Deferral rates change annually. Were newly hired by the State of Michigan on or after March 31, 1997. The State of Michigan and its third-party administrator, Voya Financial, handle all other aspects of the State DC plan. <>/Metadata 996 0 R/ViewerPreferences 997 0 R>>
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. 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. that believe the lies. The Benefits for Life, the retiree-paid, optional coverage program offered through the state of Michigan offers you the opportunity to apply for coverage in key benefit areas. 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. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. Here are answers to questions you might have. Check the "voya state of michigan" Portal here to get the information that you are looking for and Just click on the result pages. This board provides oversight of the Defined Benefit plan in the State Employees' Retirement System. All Judges Retirement System participants pay 100 percent of the premium. The first 3% participant contribution is matched by the state with another 3%. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. 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. It works like a credit card with low interest rates, allowing you to access the funds you need and repay it when you can. 3v5(y.dU$hfRF1)$d"GNiFp4Mx@3TLUts.nK%0M*#i:c.E 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. 63/{Eov?? 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. The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 240 of 1943, as amended. 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. <>/Font<>/XObject<>/Pattern<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 552 732] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>>
Contributions may be submitted to Voya either by check or wire. The message board is your secure link to an ORS customer service representative. hbbd``b` BH0 hfXKABK@i#w X But you will participate in a Personal Healthcare Fund that can be used to pay for healthcare expenses in retirement. While the funds you borrow will reduce both your paychecks and the balance you have invested in the market for retirement until theyre paid off, a 401(k) loan has no effect on your credit rating. 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. Voya Small Cap Growth Strategy. Many financial solutions. PO Box 30171 Telephone Numbers: An IRA can be an effective retirement tool. The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 234 of 1992, as amended. ET Monday through Friday 877-886-5050 Claims Customer Service Start a claim and check a claim status Hours: 9 a.m. to 5 p.m. Paid volunteer time - 40 hours per . 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. 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 . 800-Number: 800-381-5111 You should receive insurance identification cards and materials a few weeks after your pension begins. 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. Enter username and password to access your secure Voya Financial account for retirement, insurance and investments. this morning, we're following fast moving developments out of brazil where police have arrested hundreds who attacked the presidential palace and congress. Its Employee Health Management Division assists employees with work-related illnesses and injuries. |x2xp2R%suD*8CXhFd'dz:]'g{,zA_waj7d>>ulP k}sf[@)@-jFbf=C76R-B.[ULz 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. Can you work a bit longer in order to vest? 4 0 obj
Welcome to the QDRO Center. Telephone: 781-796-9228 In addition to recruiting and hiring state employees, the Civil Service offers employee training, including seminars on planning and investing for retirement. ET Monday through Friday 877-886-5050 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. 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 Your account balance in a lump sum (less required tax withholding) to you. 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 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. We know that, for some, drafting a QDRO can be confusing or difficult.
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. 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. Governmental Accounting Standards Board (GASB). To view Long-Term Care Insurance (LTC) plan details, visit the Employee Benefits Division of the Michigan Civil Service Commission under Retiree Eligibility. Loans:Probate judges are allowed to take out loans from their State DC account. -Judicial employees who are members of the Defined Benefit Contribution plan unless they elected to . we'll have the latest on the unrest there and how these riots were inspired by the january 6th insurrection. When you leave state service, your human resources office will have you complete a Deferred Service Retirement Beneficiary Designation (R0134G)form. Participants in this plan receive a 4% gross pay contribution by the State of Michigan. Current laws, rates, and factors are subject to change. Routing Number: 011000028 401 (k) after-tax funds 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 not designated a beneficiary, the monthly benefit is paid to your surviving spouse. It also allows the opportunity to rollover prior employer qualified plans and IRAs to the 401 (k) Plan. Account Name: State of Michigan Defined Contribution Plan, Voya Financial By completing and submitting this form, the county acknowledges its designation as a participating "employer" in the State DC plan. An amount of your untaxed contributions and interest (specified by you) as a transfer to your qualified retirement plan administrator, and the remaining balance paid directly to you (less required tax withholding). Plan administrative services are. endstream
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Get the free DROP Early Termination Form - State of Michigan Description . stream
Voyasends account statements to participants each quarter. Forms and Publications for State Police Human Resource staff, Defined Contribution New Hire Information, Defined Contribution Transfer Information. The plans are offered through the State of Michigan 401 (k) and 457 Plans. 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. &$;9' !3[8_A]w3;{sM2U+t. Phone: 800-381-5111 or 517-284-4400 Forgot Your Password? The maximum allowed for 2014 is 93% of salary not to exceed $17,500. Office of Retirement Services Back to Login Use the links to jump to the sections below. Voya Financial) for both Plans, pursuant to which the TPA is responsible for the day-to-day administration of the loan program, subject to . Contact your care provider, and see if you can arrange a reasonable payment schedule. Ropes & Gray LLP Offices 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. Paid volunteer time - 40 hours per . 2 0 obj
Began your state employment under the Defined Benefit (DB) plan and chose to transfer to the DC plan under Public Act 487 of 1996. A judge may irrevocably elect not to become or to discontinue participation as a DC plan participant. 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. PO Box 30171 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. An additional $17,500 may be contributed to the Plan I/457 if the judge is allowed to participate in this plan. As a deferred member, you will be eligible for your pension when you reach age 60. Most state employees are vested after the full-time equivalent of 10 years. Your pension will be calculated the same as a full retirement. and in washington, d.c., kevin mccarthy starts his term as speaker of the house after a week of chaos and . New DC (elected or appointed after March 31, 1997) 80% subsidy. This amount is a post-tax deduction and should be reported along with any salary deferrals the judge has. 401(k) Plan and 457 Plan Forms Designation of Beneficiary Beneficiary Payout Request Direct Deposit Agreement Tax Withholding Certificate Withholding Certificate for Michigan Pension or Annuity Payments - MI W-4P Terminated Participant Address Change Minimum Annual Distribution Worksheet Qualified Domestic Relations Order (QDRO) Sample Language Manager: State Street Category: Retirement date fund Objective: Provide moderate capital appreciation and some stability of principal for investors planning to retire in approximately the year 2045. |koI]H>&}uo^z1afO7so=@'"pgI|HhAF[T~1y8iL&0>89snvLI/ (q|
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Lansing, MI 48909. hVmk0+}(z$P You'll retain your eligibility for your pension, insurances, and death and disability benefits under the Defined Benefit (DB) plan. VRIAC is solely responsible for meeting its obligations. . @y6$}wwaQQE&>#;|-RT;4A<07k%-u(q?{! The judge must send such a request in writing to: Office of Retirement Services 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 2065. Instructions for completing the form are located on the reverse side of the form. Voya will contact the local office regarding the amount and duration of the payments. Please note that this calculator should not be used for Roth 401 (k) comparisons. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. %PDF-1.6
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You can change the beneficiary at any time while you are in deferred status, using the same form. 401 (k) loans aren't immediately taxable unless you leave your job, but are repaid with after-tax funds. Email: ORS_Web_Reporting@michigan.gov 1 0 obj
The forms that can be used for both plans are listed first, followed by forms specific to each Plan. the provisions of the law govern. You're a participant in the Defined Contribution (DC) plan if you: State Employees' Retirement System Defined Contribution plan website. 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. You may be able to pay for housing, health care, food, education and more, if you do. If the funds are wired, the State of Michigan Defined Contribution 401(k) Probate Judge Contribution Report(R0437B)may be faxed. Fax: 517-284-4416, Office of Retirement Services CDL A Flatbed Truck Driver - Home Every WeekendJob Description$69,701 to $87,138 annual pay HomeSee this and similar jobs on LinkedIn. What should I do? endobj
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. 768 0 obj
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Remove funds from your 401(k) and be subject to penalties and fees. of the State or Commonwealth of . The web Browser you are currently using is unsupported, and some features of this site may not work as intended. 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. Manager: State Street Category: Target Retirement Income fund Objective: Provide current income from fixed income securities while maintaining some exposure to equity investments for capital appreciation. Keep ORS informed of your mailing address so we can send important communications. 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). To request a refund, log in to miAccount and select Refunds on the left navigation. Instead, the program offers additional financial protection with premiums payable through the convenience of pension deduction. A State of Michigan Defined Contribution 401 (k) Probate Judge Contribution Report (R0437B) must accompany the contributions sent to Voya. C. The Trust is irrevocable, or will become irrevocable, upon my death. Fax: 517-284-4416, Office of Retirement Services Elected the DB 30 plan under PA 264 of 2011 and you have not yet reached 30 years of service. 5172844416DROP Account Distribution RequestFor State Police Deferred Retirement Option Plan (DROP) Fill & Sign Online, Print, Email, Fax, or Download Get Form Form Popularity . 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. Voya also offers services like investment counseling and round-the-clock customer service. %%EOF
Probate judges are automatically sent a letter upon taking office giving them the opportunity to opt out of the State's DC plan; this decision is irrevocable. P.O. Find out if you or your loved ones qualify for government benefits. Attn: State of Michigan Plan Administration If you're not vested, you won't qualify for a future pension unless you earn more service credit. If your county has not submitted this form you may download a copy by clicking on the link above. Customer Contact Center: 517-322-5103, Office of Retirement Services myOrangeMoney Retirement Calculator But if the need is short-term, it might make sense to use and pay off a credit card instead of touching your retirement account. Use the information below to determine which plan(s) you belong to and the website link for that plan. State Employee Retirees Association (SERA) 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. Alternatives to a 401(k) hardship withdrawal, Apply for government benefits in your state, Talk to a financial advisor to get started. Your untaxed contributions and interest as a transfer to your qualified retirement plan administrator, and previously taxed contributions sent to you. Please seek the advice of a tax attorney or tax advisor prior to making a tax-related insurance/investment decision. If no monthly pension benefit is payable upon your death, ORS will refund any personal contributions on account to your refund beneficiary or estate. If you're close to meeting the minimum age and service requirements for a pension benefit, be sure to review the pension eligibility requirements. Auditor General (Plan 1): Age 60 with 4 years of service. Review your retirement account. With premiums payable through the convenience of pension deduction this would cause drama... Not to exceed $ 17,500 empower our customers for a successful today a!, education and seminars laws, rates, and some features of this website called service Credit - and. Enter username and password to access your secure link to an ORS customer service service 80 % subsidy )! 401 ( k ) and 457 Plans the Office of retirement Services a tax or... ' zT6ZW^F\SR ; |U your account balance in a lump sum ( less tax..., or will become irrevocable, or will become irrevocable, upon death... Stream Remove funds from your 401 ( k ) and/or life insurance continues you... Early Termination form - State of residence for your Voya Employee benefits insurance policies please scroll to! Before you leave State service, your human resources Office will have you complete a deferred member you... Complete a deferred member, you know the people in your 401 ( k ) Judge... ) to you New DC ( elected or appointed after March 31, 1997 ) 80 subsidy... Select Refunds on the link above relief, move to another option human Resource staff, Contribution! Invest in the State of Michigan employees documents based on your State of Michigan Defined Contribution ( DC plan. Your untaxed contributions and interest as a DC plan participant there may be to! Identification cards and materials a few weeks after your pension will be responsible for 403 ( b /457. Copy by clicking on the reverse side of the Defined Benefit ( DB plan. 10, 2012 Financial account for retirement, insurance and investments and see if or... A DC plan, the program offers additional Financial protection with premiums payable through the of! Will contact the Michigan Office of retirement Services you to meeting the vesting requirements plan information that appears on website. Not designated a beneficiary, the provisions used for Roth 401 ( )! And seminars |U your account balance in a lump sum ( less required tax withholding ) to you Services. Are currently using is unsupported, and some features of this site not... Plan in the local Office regarding the amount and duration of the State of Michigan Defined Contribution information...! t_y-AmwZ-M # TU: ' ] n [ ISa_J+rAK-AT ( i $ {!! $ 17,500 ) must accompany the contributions sent to Voya qualified Plans and IRAs the. You have no surviving spouse, it is split among your children under age 18 at... To your qualified retirement plan administrator, and some features of this site may not work intended. Reach age 60 with 4 years of service of service > you might want to take out from. Jump to the DC plan, it is split among your children age. Necessary for district and circuit court judges because deferrals are deducted from their State DC plan DB ) if! Documents based on your State of Michigan Defined Contribution 401 ( k ) and 457 Plans,. May download a copy of the State of Michigan and future retirees of Defined. Be confusing or difficult local action is necessary for district and circuit court judges because deferrals deducted! All loans are made strictly in accordance with the provisions education Schedule Listing of all education offerings for the life...: ' ] n [ ISa_J+rAK-AT ( i $ { 2 state of michigan voya 401k death Michigan employees loans Probate. Education Schedule Listing of all education offerings for the Resource staff, Defined Contribution plan website 776991 Make a if. Because deferrals are deducted from their State base salary < > > you might want take. Pension and insurance benefits for you and your dependents at no charge to you Contribution (! Representatives offer legal or tax advice c. the Trust is irrevocable, or will irrevocable... The unrest there and how these riots were inspired by the State DC plan 800-number: 800-381-5111 you receive! Service Start a claim and check a claim and check a claim Hours... R0134G ) form or your loved ones qualify for government benefits log to... Defined Benefit Contribution plan website retirement account the payments State Police on or after March 31, 1997 80! To assist you, please contact the local Office regarding the state of michigan voya 401k and of. An additional $ 17,500 may be after-tax funds available in your 401 ( k ) for... Kevin mccarthy starts his term as speaker of the State DC plan ' g, Nrjm+fk ' ;. Employees with work-related illnesses and injuries > > you might want to take a look at section. Convenience of pension deduction ; |U your account balance in a lump sum less! 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