Are You Ready to Retire?

If retirement is just around the corner here's what you should do:

1. Manage Your Account
• Register for miAccount, our online account access tool. If you need help view our tutorial.
• Log in regularly to keep your information up-to-date, run estimates, and much more.
• Confirm your beneficiary designation in miAccount.

Don't Forget:

Contact ING about your payment options if you have a State of Michigan 401(k) or 457 account. Call ING at (800)748-6128.

2. Master Your Plan
• Know when you're eligible to retire.
• Know how your pension is calculated.
• Register to attend a webinar or seminar, and check out our prerecorded tutorials anytime.
• Make sure you have the most recent version of Retirement Readiness: A Two-Year Countdown.
3. Know Your Options
• Decide which pension option best fits your needs.
• Pick a health insurance plan.
4. Estimate
• Calculate your pension amount under various scenarios using the Estimate Pension feature in miAccount.
• Use miAccount to estimate the cost and weigh the benefits of a service credit purchase.
5. Gather Your Documentation

Tip: Keep your materials together in a folder, and keep it in an easy-to-find place.

• Request an estimate from the Social Security Administration if you are considering the equated plan payment option.
• Make photocopies of your proofs of age.
• Make photocopies of your survivor pension beneficiary's proofs of age and relationship.
• Make a photocopy of your marriage certificate.
• Make photocopies of your dependent's insurance eligibility proofs.
• Make sure your name and member ID are printed on all documents.
6. Apply for Your Pension and Insurances Using miAccount
• Use the Applying for Retirement worksheet to make sure you have all of the information you'll need to apply in miAccount.
• Log in to miAccount and select Apply for Retirement.