New Resource Will Help You Navigate DCP Record Keeper Transition

December 2023
the VOYA logo next to text saying transition

Beginning January 1, 2025, Voya will assume record-keeping responsibilities for the following VRS defined contribution plans:

  • Hybrid Retirement Plan (defined contribution component).
  • Hybrid Cash Match Plan 401(a).
  • Commonwealth of Virginia 457 Deferred Compensation Plan.
  • Virginia Cash Match 401(a).
  • Optional Retirement Plan for Political Appointees.
  • Optional Retirement Plan for School Superintendents.
  • Optional Retirement Plan for Higher Education (joining TIAA as one of the provider choices).
  • Virginia Supplemental Retirement Plan.

VRS and Voya are committed to a smooth transition, with minimal reporting changes for employers.

Be sure to bookmark the transition website to stay informed throughout the process. The site includes need-to-know items and key dates that will be updated as the transition unfolds.