PENSION PLUS PLAN HIGHLIGHTS

State Police Retirement System

Saving Today, Planning for Tomorrow

Welcome to the new State Police Pension Plus website. Please note our site has moved, and you will need to update any bookmarks. If you have any questions, please contact Voya at 517-284-4422.

The Pension Plus retirement plan pairs a guaranteed retirement income with a flexible retirement investment account. It also provides a Personal Healthcare Fund and death and disability benefits.

  • The Pension Component: This piece of your plan guarantees you a lifetime pension once you meet age and service requirements.
  • The Savings Component: You’re enrolled in a tax-deferred investment account so you can enhance your savings for retirement.

The state offers a series of savings options that provide you with a choice of how you save for retirement, including both pre-tax and after-tax Roth options.

  • The State of Michigan 401(k) Plan for pre-tax contributions
  • The State of Michigan Roth 401(k) Plan for after-tax contributions
  • The State of Michigan 457 Plan for pre-tax contributions

Updates

On-Demand New Employee Orientations Available Now
The Michigan Office of Retirement Services (ORS) and Voya Financial are committed to serving employees today and preparing them for tomorrow. With this in mind, we are offering the following opportunities to learn more about the Pension Component and the Savings Component.

For enlisted officers who completed recruit school and subscribed to the constitutional oath of office on or after June 10, 2012, ORS and Voya offer on-demand New Employee Orientation presentations focusing on the Pension Component and the Savings Component.

Your Pension Plus Partners

You are the most important player in your Pension Plus retirement plan. Your employer, the Michigan Office of Retirement Services (ORS), and Voya are here to help you reach your retirement goals, but it is up to you to contribute toward your retirement plan and manage it throughout your career.

Besides equipping you with one of the best retirement plans around, your employer contributes to your Pension Plus plan and reports your wages, service, and pension contributions to ORS.

MORS LogoThe Michigan Office of Retirement Services (ORS) administers retirement programs for Michigan's state employees, public school employees, judges, state police, and National Guard members. ORS serves over 598,000 active and retired customers representing approximately one out of every eight Michigan households. Within these systems, ORS administers multiple retirement plans ranging from full Defined Benefit pension to full Defined Contribution, as well as three hybrid plans. ORS is responsible for the 21st largest public pension system in the U.S. and the 49th largest pension system in the world with net assets of $96.2 billion. Combined Defined Benefit and Defined Contribution assets are $108.8 billion. ORS is a division of Michigan's Department of Technology, Management and Budget and works with Voya Financial to administer the State of Michigan 401(k) and 457 Plans (the Plans).

Voya LogoVoya Financial (NYSE: VOYA) is the company that takes care of the daily servicing of the State of Michigan 401(k) and 457 Plans, providing you with plan information, saving and investing education, transaction processing, statements and more. Voya serves the financial needs of millions of individual and institutional customers in the United States. Voya is grounded in a clear mission to make a secure financial future possible – one person, one family, and one institution at a time. Voya also provides valuable online tools and resources to help you plan and set goals for your retirement. For more information, visit Voya.com.

Information from registered Plan Service Representatives is for educational purposes only and is not legal, tax or investment advice. Local Plan Service Representatives are registered representatives of Voya Financial Advisors, Inc., member SIPC. Plan administrative services are provided by Voya Institutional Plan Services, LLC (VIPS). VIPS is a member of the Voya® family of companies and is not affiliated with the Michigan Office of Retirement Services.