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The Michigan Office of Retirement Services (ORS) administers retirement programs for Michigan 's state employees, public school employees, judges, state police, and National Guard. ORS also provides various retiree healthcare benefits, including traditional insurance plans, Personal Healthcare Funds, and Health Reimbursement Accounts.
457 plan. The 457 plan is a type of nonqualified, [1] [2] tax advantaged deferred-compensation retirement plan that is available for governmental and certain nongovernmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre tax or after-tax (Roth) basis.
A qualified domestic relations order (or QDRO, pronounced "cue-dro" or "qua-dro"), is a judicial order in the United States, entered as part of a property division in a divorce or legal separation that splits a retirement plan or pension plan by recognizing joint marital ownership interests in the plan, specifically the former spouse's interest in that spouse's share of the asset.
A nonqualified deferred compensation (NQDC) plan is an arrangement that an employer and employee agree to where the employer accepts to pay the employee sometime in the future. Executives often ...
This means that, for example, the number 001 is shared by Alcona County, Michigan, Adams County, Wisconsin, and Adair County, Iowa. To uniquely identify Alcona County, Michigan, one must use the state code of 26 plus the county code of 001; therefore, the unique nationwide identifier for Alcona County, Michigan is 26001.
Deferred compensation is a way for employees to reduce their tax burden while ensuring their economic security in their golden years. Deferred compensation plans with a long vesting period are ...
Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. The company also operates regional headquarters in Scottsdale, Arizona and Des Moines, Iowa. [2] Nationwide currently has approximately 25,000 employees, [3 ...
Metropolitan statistical areas. Urban areas. ZIP Code Tabulation Areas. Ethnic groups. United States portal. v. t. e. Michigan has an estimated per capita income of $27,549 and median household income of $50,803 [1]
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related to: nationwide deferred compensation by state and county michigan