Voya Retirement Plan Draw Form

Click here for time sensitive info about your programme.

Schedule an appointment

Visit voyaappt.timetap.com or telephone call (913) 661-3797 to encounter with a Plan Representative

Your health matters

Download a PDF with instructions to complete a Financial Health Assessment that counts towards achieving your Wellness Incentive!

DOWNLOAD PDF

If you find retirement planning puzzling, you've come to the right place. This is where you tin detect information as well as try out some online tools and starting time putting the pieces of your retirement program together!

Recollect of your retirement equally a puzzle with four large pieces:

• First Programme* - Johnson County'due south Deferred Compensation Plan
• KPERS/KPF
• Personal Savings
• Social Security

Unremarkably a puzzle with just four pieces would be considered uncomplicated but non so when it comes to planning your retirement and figuring out how to meet your retirement objectives.

Only 48% of Americans currently report that they and/or their spouse/domestic partner have tried to summate how much money they volition need to have saved in society to alive comfortably in retirement.¹

Information IS POWER and with this site, you'll see how the iv puzzle pieces fit together and how you can take control of your retirement future!

It's Your Retirement Program - Piece by Piece!

¹ The 2020 Retirement Confidence Survey: 2020 RCS FACT Sail #three, Preparing For Retirement, In America, Employee Benefit Research Constitute

* Insurance products, annuities and retirement plan funding issued by (third political party administrative services may likewise be provided past) Voya Retirement Insurance and Annuity Company, Windsor, CT. Securities are distributed by Voya Financial Partners, LLC (member SIPC), Windsor, CT. All companies are members of the Voya® family of companies. Securities may likewise be distributed through other broker‐dealers with which Voya Financial Partners, LLC has selling agreements. Insurance obligations are the sole responsibleness of each issuing visitor. Products and services may vary by country and may non be available in all states.

Salvage toward a rewarding tomorrow

All eligible Johnson County employees are enrolled in the Johnson Canton Commencement Program as agile, but non contributing, participants. You must agree to defer a minimum of $10 or 1% per pay period to contribute to the program, but y'all can modify or stop contributions at any time.

• 1: Offset saving now!
• 2: Alter your savings
• 3: We're hither to assist!

When you save, Johnson Canton saves for y'all too. The County will friction match upward to 3% of your base-bi weekly salary in the Johnson County 401(a) plan when you contribute to your 457(b) programme. Log into your account now to modify your savings charge per unit.

Yous can modify your savings rate online at any time, but use the Johnson Canton Participation Agreement Form if yous'd rather brand the alter past form. This will let y'all to brand same changes to your pre-revenue enhancement, Roth after-tax, and catchup deferral options that you can online. Return the completed form to:

Johnson County, Kansas
Treasury and Financial Direction
111 S. Cherry, Suite 2400
Olathe, KS 66061-3486
Fax: 913-715-0577

Investments in Target Retirement Funds are subject area to the risks of their underlying funds. The year in the fund name refers to the estimate twelvemonth (the target appointment) when an investor in the fund would retire and get out the workforce. The fund volition gradually shift its emphasis from more aggressive investments to more conservative ones based on its target appointment. An investment in the Target Retirement Fund is non guaranteed at any time, including on or afterward the target date.

Vanguard, Admiral, Windsor, and the ship logo are registered trademarks of The Vanguard Group, Inc.

Delight visit voyaappt.timetap.com or contact our local office in Leawood at (913) 661-3797 to schedule an appointment with a representative for the plan.

Investment adviser representative and registered representative of, and securities and investment advisory services offered through, Voya Financial Advisors, Inc. (member SIPC).

Program overview

The County sponsors a 457(b) deferred compensation plan and a supplemental retirement (401(a) defined contribution) plan ("Program"). To learn more than about putting your retirement plan pieces together and the features available to you through the plan, review the plan summary brochure.

Plan Highlights

Eligibility

All County employees who have attained age 18 and who fall within the post-obit classifications are eligible:

• Regular full-fourth dimension employees scheduled for 80 hours or greater per pay menses;
• Function-time benefits eligible employees who are in position of .50 full-time equivalent or greater; and
• Elected officials and appointees of the County.

Contained contractors and leased employees are not eligible.

457(b) Contributions

Participants contribute through a reduction in bacon, referred to every bit a "deferral". You must elect to defer a minimum of $10 or one% per pay period. The maximum almanac contribution amount is as follows:

YEAR	Almanac MAXIMUM
2022	$xx,500 regular limit $27,000 Over 50 catch-up limit ($6,500 over the regular limit) $41,000 NRA catch-upward limit (Double the regular limit)

A college limitation may exist applicable during the three years prior to attaining Normal Retirement Age (NRA) under the 457(b) special take hold of-up provision or the older workers' Age l+ catch-up provision. For additional information on the older-worker's Age fifty+ take hold of-up, please Click Hither. Note that yous may not employ the age 50+ provision and the special 457(b) grab-upward provision during the aforementioned calendar year. You must select the provision which provides the college contribution corporeality.

401(a) Contributions

All contributions under the Plan are made by the County. You are eligible to receive a County matching contribution if yous defer a minimum of $10 or 1% per pay period to the 457(b) Programme. The matching contribution is discretionary and may change from year to year. It is based on the amount you contribute to the 457(b) Programme.

Employee contributions to the 401(a) Supplement Retirement Plan are not permitted.

401(a) Vesting

Upon severance from employment, you volition be vested in (take earned ownership of) all or a portion of your 401(a) account residual based on the applicable vesting schedule below:

The vesting schedule, based on your number of years of service with the County, is as follows:

For Elected Officials of the County:
1 year	25%
ii years	50%
3 years	75%
4 years	100%

For all other employees:
1 year	20%
two years	40%
iii years	60%
four years	80%
5 years	100%

Even so the above schedules, y'all are e'er 100% vested in your 401(a) Supplemental Retirement Programme account upon your attainment of normal retirement age (age 65), your decease, your total and permanent disability, discontinuance of employer contributions to the Plan and termination of the Program.

Roth Contributions

Y'all at present have the choice to make traditional pre-taxation contributions, new after-tax contributions, or both. Compare your options based on your personal circumstances and savings objectives. For more information, y'all tin review the overview brochure.

Morningstar^® Retirement Managing director^{SM *}

Voya offers investment advisory services through Morningstar Investment Management LLC an unaffiliated, independent investment advisor, and a wholly owned subsidiary of Morningstar®, Inc. The Morningstar Retirement Manager platform offers both online advice and tools (Managed by You) and Morningstar's managed account services (Managed past Morningstar).

Manage My Plan Manually (Online Advice) – Prefer a helping manus while however maintaining control over your investments? Then consider the Manage My Plan Manually option that provides investment advice, education and guidance tools and other resource at no cost. County Plan participants under this pick have access to:

• Research and reports about the plans' investment options.
• Tools to help participants set retirement goals and strategy recommended asset mix.
• Specific, contained, objective and professional investment advice to assist participants create a diversified portfolio.
• Personalized investment pick recommendations that factor in a participant's unique financial situation and savings objectives.

Have Morningstar Manage My Plan (Managed Accounts) – If you don' have the fourth dimension, knowledge or interest to manage your County Plan on an ongoing basis, the Have Morningstar Manage My Plan service may be appropriate. Participants who enroll in this service receive a personalized retirement strategy, discretionary asset direction, and ongoing oversight to help them run across their retirement goals. For an annual fee of 0.l % (0.25% to Voya, 0.25% to Morningstar Investment Management LLC) Morningstar Investment Management does it all for you lot - from monitoring your investment to implementing transaction and rebalancing your account.

Important: The projections or other information generated by Morningstar® Retirement Managing director℠ regarding the likelihood of various retirement income and/or investment outcomes are hypothetical in nature, do not reflect actual results (including investment results) and are not guarantees of future results. Results may vary with each use and over time.

Morningstar® Retirement ManagerSM is offered by Morningstar, Inc. and is intended for citizens or legal residents of the The states or its territories. The investment advice delivered through Morningstar Retirement Managing director is provided by Morningstar Investment Management LLC, a registered investment adviser and subsidiary of Morningstar, Inc. Morningstar Investment Managements' advisory service relates solely to the investment options offered under the programme. Retirement plan funding products offered through Voya Financial Partners, LLC (member SIPC) or other broker dealers with which it has selling agreements. Voya Fiscal provides Morningstar Investment Management with the program's investment options and data well-nigh participants but the decisions regarding the advice provided are fabricated by Morningstar Investment Management. Voya and its companies are non affiliated with Morningstar Investment Direction, LLC or its affiliates, and receive no fee or other direct fiscal benefits from Morningstar Investment Management in connection with the use of its services. The Morningstar name and logo are registered marks of Morningstar, Inc.

Loans

Loans are not available nether the plan(southward).

Forms

Change your contribution amount Name your beneficiary

Beneficiary Forms

You are permitted to designate a person or persons who volition receive payment of benefits in the upshot of your death. You designate a beneficiary (or brand changes to your previous designation) by completing a Beneficiary Designation Form. The completed form is to be returned to Voya Financial^®.

To ensure that expiry benefits nether the Program are paid to the individual(south) of your choice, you should periodically review your casher designation(south) and decide whether any changes are advisable. This is particularly true if you lot have a life modify consequence (e.g., marriage, nativity of a kid, divorce or death).It is important to note that with respect to the casher(ies) you take designated. If you have a change in status, your designation is not automatically updated. For instance, if your spouse is your casher, that designation is not void equally a result of your divorce. Your ex-spouse would remain your Program casher until you make a change to your designation.

The beneficiary you designate nether the 457(b) and 401(a) Supplemental Retirement Plans is dissever from any designation you may take made under the County'due south pension plan or grouping life coverage.

Yous can choose to designate the same beneficiary under both the 457(b) and 401(a) Supplemental Retirement Plans, or choose unlike beneficiaries under each plan. If you exercise not designate a beneficiary, in the result of your expiry, benefits will exist paid to your manor.

Contact local service team

Local service support from experienced representatives.

Leawood Role

Address:
5251 W. 116th Place, Suite 200

Schedule an appointment:
voyaappt.timetap.com

Telephone:
(913) 661-3797 (or, outside Johnson Canton, price-free at (800) 814-1643)

Office hours:
8:00 a.m. to 4:00 p.thou. (Central Time)

You lot tin also contact your local registered representatives straight:

Marisa Brown
Phone: (913) 661-3759
Email: [email protected]

Bill Hirschler
Telephone: (913) 661-3771
E-Postal service: [email protected]

Julie Kurland
Phone: (913) 661-3763
E-Mail service: [e-mail protected]

Investment adviser representative and registered representative of, and securities and investment advisory services offered through, Voya Financial Advisors, Inc. (member SIPC).

Toll-free Telephone Access

Our national price free telephone line, (800) 584-6001 provides yous with access to Client Service. Customer Service is bachelor Mon – Friday 7:00 a.thou. - 8:00 p.m. (Central Time).

Internet Access

Access your business relationship online through the Log In link in the top section of the site. Online yous can make:

• Business relationship inquiries
• Investment allocation changes
• Transfers amid investment options
• Investment choice operation history
• You will receive prompt, written confirmation for each Internet financial transaction.

The 4-i-i on 457(b)due south

I of the chief pieces to the Retirement Planning puzzle is an employer-sponsored retirement plan. About Authorities (and in some cases non-Government) employers in the United states of america offering a 457(b) Deferred Compensation Plan such as START, Johnson County'due south Deferred Compensation Plan.

There are ii types of contributions that tin be made to the Johnson County 457(b) program: Pre-tax (besides known as a Traditional 457) and Roth 457 (after-tax) contributions.

Here are the basic differences between the two:

Traditional 457

Y'all contribute to your employer-sponsored retirement programme account BEFORE taxes are taken from your paycheck

Taxes are due upon whatsoever and all withdrawals

Roth 457

Y'all contribute to your employer-sponsored retirement plan business relationship Afterward taxes are taken from your paycheck

Earnings that take accumulated under your Roth 457 account will exist free from federal income tax provided that y'all are eligible for a distribution nether the 457 plan and the distribution meets the requirements for a "qualified distribution".

The post-obit criteria must be met to ensure a revenue enhancement-costless qualified distribution: 5-twelvemonth holding period and the participant has experienced ane of these events: Disability, expiry or attainment of historic period 59½ (assuming you have severance from employment).

Whether y'all contribute to a 457(b) pre-tax, Roth 457(b) after-tax, or both:

Which is right for you?

Once you've made the conclusion to contribute to your employer-sponsored plan, you need to look at how much and which 457(b) business relationship is best for y'all… you might even make up one's mind to contribute to both!

Consider traditional 457(b) pre-taxation contributions if you…

• Want to enjoy the benefits of deferring taxes
• Demand to accept home as much pay as possible
• Look to be in a lower taxation bracket in retirement

Consider Roth 457(b) after-tax contributions if yous…

• Like the idea of possible tax-gratis retirement income
• Are confident of bacon increases over time
• Can afford a reduction in have home pay

Consider both if you…

• Aren't certain whether your taxes volition be lower or higher when you retire
• Want to diversify your tax strategy
• Still want to reduce your current taxable income

Y'all should always seek the advice of a tax attorney or tax advisor prior to making a tax-related insurance/investment determination. The Voya^® family of companies does not offer legal or taxation advice.

The Johnson County START Plan (Plan) is a 457(b) Deferred Bounty Plan with a 401(a) Supplemental Retirement Plan (a Defined Contribution Plan). The best part is, y'all're automatically pre-enrolled so you tin can "START" planning your financial future today! Features of the Programme include:

• County Lucifer: Johnson County volition lucifer upward to 3% of your base pay per bi-weekly pay period and invest it into the 401(a) Supplemental Retirement Plan.
• Variety of Investment Options: The Plans offering an array of investment options for you to choose from including variable funds and a stable value pick – each designed to pursue a different investment objective. You tin can transfer your assets and future contributions amidst the dissimilar investment options to help reduce investment risk, field of study to Voya's Excessive Trading Policy.
• Morningstar^® Retirement Management: Looking for help deciding where to allocate your contributions? Morningstar can help. Through the START Plan you have access to two different programs; Investment Advice (Manage My Plan Manually) and Managed Accounts (Morningstar Manage My Plan). For more than data on the Morningstar programs, contact your local Voya representative at (913) 661-3797.
• Age 50+ Catch-Upwards Provision: Employees historic period 50 and older who participate in a governmental 457(b) may be eligible to make additional contributions.
• Special 3 Year Catch-Upwards Provision: If y'all are within three years of reaching Normal Retirement Historic period, every bit divers by the Plan, and have not previously deferred the maximum corporeality in prior years, y'all are immune to defer up to two times the deferral limit in effect for that current year.

PLEASE Note: The age 50+ Catch-up and the Special iii Year Catch-up cannot be used in the same tax year. If you lot are eligible for both grab-ups in the same year, you must apply whichever catch-up lets you defer the greater corporeality for that year.

Have a COLA!
The IRS sets limits every bit to how much a participant tin can contribute annually to their employer-sponsored plan and periodically those limits can change. The changes are known as Toll-Of-Living-Adjustments or COLA. Your benefits office or local Plan representative tin help yous stay on pinnacle of these changes. For boosted data, click hither.

As with any retirement programme, you should consider the investment objectives, risks, and charges and expenses of the variable product and its underlying fund options carefully before investing. The Participant Information Booklet and fund prospectuses contain this and other information, which tin be obtained by contacting your local representative. Please read this data carefully before y'all invest.

Important Information: Group annuities offered through a retirement plan are long-term investments designed for retirement purposes. Money distributed volition be taxed as ordinary income in the year the money is distributed. Account values fluctuate with market place atmospheric condition and, when surrendered, the chief may exist worth more than or less than the original amount invested. An annuity does not provide boosted tax deferral, as taxation deferral is provided by the program. Annuities may be subject to additional fees and expenses to which other taxation-qualified funding vehicles may not be subject. However, annuities provide features and benefits such as lifetime income payments and expiry benefits, which may exist valuable to you.

Insurance products, annuities and retirement plan funding issued past (tertiary party authoritative services may as well be provided past) Voya Retirement Insurance and Annuity Company, One Orangish Way, Windsor, CT 06095-4774. Securities are distributed by Voya Financial Partners LLC (member SIPC). All companies are members of the Voya ® family of companies. Securities may also be distributed through other broker-dealers with which Voya has selling agreements. Insurance obligations are the responsibility of each individual visitor. Products and services may not be available in all states.

The Kansas Public Employees Retirement System (KPERS) is a defined benefit retirement plan that provides a pension benefit for life. Even though you lot may be but commencement your career, information technology'due south of import to start planning for your future today. Your KPERS pension is just i piece in the puzzle that is retirement planning.

KPERS includes 3 statewide retirement plans for state and local public employees:

• The Kansas Public Employees Retirement Organisation
• The Kansas Police and Firemen's Retirement System (KP&F) and
• The Kansas Retirement Organisation for Judges

Kansas law requires that all eligible employees employed past a KPERS employer are automatically enrolled and immediately get members. Every bit an active member, you contribute a per centum of your gross earnings and your contributions earn interest annually. You lot automatically earn service credit for the years you work in a covered position. Later a number of years of service, y'all are guaranteed a monthly retirement do good for the rest of your life. This is chosen "vesting" your do good.

KPERS has struggled with a long-term funding shortfall for more than a decade. Members are living longer and retiring earlier, which can increment liabilities. For over xviii years, state statue has kept employers from contributing at the rate required for proper funding, and the Peachy Recession in 2008 caused unprecedented investment losses. Changes were made in 2012 by the Kansas Legislature to respond this shortfall.

Log into your KPERS business relationship at www.kpers.org to notice more than most your KPERS benefit.

You tin:

• Calculate your estimated KPERS retirement do good.
• Get a personalized snapshot of how the changes may affect you.
• Find out what's new
• Learn all about your KPERS benefits

PLUS you tin can...

• Telephone call your KPERS representative* at 888.275.5737
• Email your KPERS representative* at [email protected]

Getting Personal (Savings)

As we move through the four main pieces that make upward the puzzle known every bit Your Retirement Program, we come to the last main piece… Personal Savings.

Regardless of how diligent yous've been in contributing to the Start Plan; how educated you are on KPERS; or how experienced you may exist with Social Security, your puzzle is not complete without at least a word on personal savings.

Personal savings can exist extremely helpful, maybe even necessary, to fill whatsoever possible gaps in your retirement plan and although that may seem pretty obvious, it doesn't hurt to take a reminder.

Whether you are thinking "how can I START putting money away for retirement?" or you're at the signal where "I need to be putting More money abroad for retirement!" one of the best places to start is a budget.

A upkeep can assist you prioritize your spending, help you relieve a reserve for emergencies, and save for something y'all'd really like. And a budget tin besides help you lot determine how much you can afford to start putting abroad for retirement.

Where does my money become?

According to the most contempo Agency of Labor Statistics Consumer Expenditures report*, the breakdown of essential expenses for the boilerplate American looks like this:

* Consumer Expenditures 2020 - bls.gov/news.release/pdf/cesan.pdf

With an estimated almanac bacon of $82,852 before taxes, the average almanac expenditures are $63,036 or 76%. How close are the U.S. Department of Labor's percentages to your ain? In gild to reply that question you'd accept to sit down and work out a upkeep.

A big percentage of Americans don't know what their budget is – they simply pay as they go – and although they may be keeping on superlative of their bills, information technology'southward a difficult way to get a sense as to how much money you have to work with.

Where to commencement?

• Organize about 3 months of your billing information. Attempt to categorize where your money is going and see it there's a blueprint. Is your spending pretty predictable or are you inconsistent?
• If it's inconsistent, look at six months instead of just three. The thought is to get a existent sense of where your money is going and once you accept a clear moving-picture show, then you can showtime to think about the long-term.
• Think about big purchases on the horizon similar a new home, new motorcar, college tuition, or retirement.

Can't I simply borrow more money?

You might be tempted to borrow more than instead of cutting back or saving. There are times when borrowing coin from a lender can be a positive choice, simply be sure you know all the implications before yous accept that step.

• An involvement-only refinance package may seem to put more money in your pocket but down the route, you may be facing a giant balloon payment.
• If y'all're fortunate enough to have disinterestedness in your home, it tin can be very enticing to open a large line of credit. Again, proceed your eye on the long-term effect of repaying that loan.

It'south too very of import to exist diligent when looking at credit cards that offering low introductory rates. Many times these depression rates are only for the first year and then they can increase dramatically. Many credit card companies have a universal default clause which allows them to raise their involvement rates if you fall behind on any payment, including your mortgage or a medical bill.

A uncomplicated search can bring y'all lots of information on how to offset or refine your personal upkeep too as provide many complimentary tools.

In the beginning, setting up a budget can take a little fourth dimension and for the kickoff few months may require a bit more discipline. But in fourth dimension, it tin get as common as paying your bills and in the end, tin actually be worth the effort.

Most of us have grown up with this basic agreement of Social Security; monthly benefits that replace part of the earnings that are lost when a worker retires, becomes disabled, or dies. Since its inception, about people accept thought of Social Security every bit a "given" – a source of income to be expected in later years – and for a long time that was truthful.

The challenge is that many people currently working in the United States are role of the biggest labor forcefulness ever – the Baby Boomers – and as most of them head to retirement, Social Security will start paying out more than it is taking in. This can perchance cause challenges for hereafter recipients both in terms of exactly how much they will receive and how much they will need to supplement with other forms of retirement funding.

What'south Your Normal Retirement Age (NRA)?

NRAs can exist slightly different from person to person merely most can begin receiving Social Security retirement benefits as early equally historic period 62. Enter the year of your birth in the box below to see your NRA.

Currently, over 59 million Americans receive a monthly Social Security benefit.²

The current Social Security monthly benefit check averages $1,427.64 (approximately $17,132 annually), $i,243.89 for survivor benefits (approximately $14,926.68 annually), and $i,146.07 for disability insurance (approximately $13,753 annually). Could y'all live comfortably on that? Could you alive comfortably on that?

You can get a free, personalized Social Security benefits argument online at www.ssa.gov/mystatement and review:

• Estimates of your retirement, disability, and survivor benefits;
• Your earnings tape; and
• The estimated Social Security and Medicare taxes that you've paid.

² Social Security Administration; Research, Statistics, & Policy Analysis. Monthly Statistical Snapshot, March 2021.

But it's not all bad news and you don't have to do this alone!

Voya Fiscal^® offers the following educational tools to assist yous on your path to retirement savings. Annals or log into your START Plan business relationship to get started.

Personal Financial Dashboard gives you a private financial infinite to prepare goals, create budgets, track spending, review investments, and more – with all accounts on ane screen and all priorities in i place.

Populated with information from your Voya-serviced retirement savings plan account, you lot can connect other outside accounts such as your checking, credit cards, insurance, college savings, and other retirement accounts, in a secure online surroundings. This holistic financial planning tool not merely helps organize and monitor your finances, information technology uses advanced security features to keep your information prophylactic.

myOrangeMoney® A robust, visual online participant experience that shows you where you stand in terms of getting ready for retirement AND where you may have a shortfall.

When you log onto your account, you will be asked for your current historic period and annual income. A graphic of a dollar neb volition appear and show you how retirement-ready y'all are. With myOrangeMoney you lot too have the opportunity to add together other assets yous may have to go a more holistic view of your potential retirement income.

IMPORTANT: The illustrations or other data generated by the calculators are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. This information does not serve, either directly or indirectly, equally legal, fiscal or tax communication and you should always consult a qualified professional legal, financial and/or tax advisor when making decisions related to your private tax situation.

whitehistithad.blogspot.com

Source: https://presents.voya.com/Content/Delivers/joco4you/

Share this post