Employer Update

Beginning January 1, 2025, Voya Financial will assume record-keeping responsibilities for VRS defined contribution plans.

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

Stay informed throughout the process: Bookmark the transition website. The site includes need-to-know items and key dates that will be updated as the transition unfolds.

Payroll Data Needed for Political Subdivisions, School Divisions and Decentralized State Employers

To make the defined contribution record keeper transition to Voya as smooth as possible, we have set up a Payroll Data Gathering Website for political subdivisions, school divisions and decentralized state employers to provide information on their current defined contribution submission process. The website will be accessible only to VRS Security Administrators.

Watch for an email from Voya with more information July 1.