Employer Update

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.