For members of the Michigan State Police Retirement System
   
  ACCOUNT ACCESS TOOLS
  PENSION ACCOUNT LOGIN    |    INVESTMENT ACCOUNT LOGIN VOYA ADVISORY SERVICE     |    VOYA COMPARE ME     |    myOrangeMoney®    |    KEY TERMS

 

Eligibility/Vesting

When can I Retire?




You could begin receiving a pension at age 55 with 25 years of service or at age 60 with 10 years of service. You are vested for your pension when you have the equivalent of 10 years of service.

 

The earliest you could begin withdrawing funds from your retirement investment account is 30 days after your termination notification to Voya Financial®. If you take distributions from your 401(k) prior to age 59½, an early withdrawal penalty may apply.

Your contributions to your retirement investment account and any earnings on those contributions are always yours, regardless of your years of service. You become 50 percent vested in your employer’s contributions after 2 years of service, 75 percent vested after 3 years of service, and 100 percent vested after 4 years of service.

  Your Contributions Employer Contributions
Years of Service Percent Vested Percent Vested
Before 1 Year 100% 0%
After 1 Year 100% 0%
After 2 Years 100% 50%
After 3 Years 100% 75%
After 4 Years 100% 100%
 
Home       |      About Us       |       Contact Us       |       Site Map       |       michigan.gov