|PENSION ACCOUNT LOGIN | INVESTMENT ACCOUNT LOGIN||VOYA ADVISORY SERVICE | VOYA COMPARE ME | myOrangeMoney® | KEY TERMS|
MPSERS Legislative Update
The governor and legislative leaders came to an agreement on changes to the public school employees’ retirement plan. Those changes are going through the normal legislative process. On June 15, both the House and the Senate passed identical MPSERS reform bills (HB4647 and SB401). The next step is for the House or the Senate to pass one of the two and advance it to the governor for signature. There is a 5-day waiting period before the next vote can happen.
The bill passed by the House is available here:
The bill introduced by the Senate is here:
Court of Appeals rules on PA 75
On June 7, 2016 the Michigan Court of Appeals ruled on PA 75 and the 3% healthcare contributions that are being held in escrow for public school retirees. The court remanded the ruling back to the trial court, and we are waiting on an order from the trial court to proceed. For updates, please stay tuned to our website and Facebook.
Fund Name Change
Effective May 1, 2014, as part of ING U.S. becoming Voya Financial®, the ING Small Cap Growth Equity Fund name will change to Voya Small Cap Growth Equity Fund. Even though you will see a new fund name, nothing will change with respect to your account(s), and no action is required on your part.
Come join the conversation with the Office of Retirement Services (ORS) on Facebook!
We'll be sharing helpful information about retirement planning, links to free resources provided by ORS, and news updates — all to help you prepare for retirement. Plus, we'll be having a bit of fun. We want to connect and keep you informed.
Setting a retirement goal: Getting started
Voya® recently presented an online webcast covering your retirement income needs, sources of potential retirement income, and strategies for building a strong financial foundation. Click here to check it out.