The Virginia Retirement System Defined Contribution Plans will be live at Voya the week of January 6, 2025.
We're teaming up with Voya Financial® to bring you an enhanced experience for the Virginia Retirement System Defined Contribution Plans.
This site includes important information about the upcoming transition so please read it carefully. Take a moment to learn more about Voya, a truly different kind of company.
What you need to know and do
- Your account details, including your investments, deferral elections and beneficiaries will transfer to Voya automatically. You are not required to take any action. However, there may be some actions that you can take in your account before the blackout period to ensure a smooth transition of your account.
- Review the frequently asked questions.
- Register for a transition information session, hosted by Voya Financial. These sessions will introduce you to Voya, and discuss plan improvements, key dates/tasks and available resources. If you are unable to attend one of the available sessions, you can listen to this recorded webinar at your convenience to learn more about the transition to Voya.
- Once the plan has moved to Voya, you will need to register your account. You will receive additional information when it is time to take action.
Key dates for the transition
The transfer of plan records from MissionSquare Retirement1 to Voya will happen automatically. Your existing balance will remain invested, and your contributions will continue to be deducted automatically from your paycheck and invested in your account.
You do not have to take any action. Please be aware of the key dates below.
| Date | Activity |
|---|---|
| October 1, 2024 | During the transition period, you may call 833‑625‑0115 for general inquiries about Voya and the transition. Voya associates will not have access to your personal account information until the transition is complete. After the transition, you may continue to use the same phone number you use today, 877‑327‑5261 to access account information. |
| December 16, 2024 Until 4 p.m., ET |
Last day to do the following until the transition period is complete:
|
| December 20, 2024 Until 4 p.m., ET |
Last day to do the following until the transition period is complete:
|
| January 2, 2025 | Transition begins and account access restricted:
|
| On or around January 6, 2025 |
Transition ends with full account access restored.
|
| January 2025 | Final MissionSquare Retirement statement MissionSquare Retirement will mail your final statement (December 31, 2024). |
| April 2025 | First Voya statement Voya will send your first account statement (January 1 through March 31) to your mailing address on file at Voya unless you sign up for e‑delivery. |
1 MissionSquare Retirement is a separate entity and not a corporate affiliate of Voya Financial.
What's new?You can look forward to new features and services including:
- myOrangeMoney®: See if you're on track to meet your retirement income goals.
- Voya Retire® mobile app: Enjoy on-the-go access to your plan account 24/7.
- Advisory Services: offering professional savings and investment advice.
- Be Ready: holistic financial planning at no cost, including financial wellness seminars and 1x1 financial coaching.
 |
Be tech savvy |
Own your future by using all of Voya's digital educational tools and resources to help gain better money habits.
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Be a super saver
Everyone has a dream. Plan and save to find the freedom to do what you love in retirement. Here's some things you should consider as you get started.
Put it together:
Account Consolidation Team
Consolidating your retirement savings into a single account is one of your options that could help simplify your financial life. Voya is here to educate you on all your options. Our team of professionals is here to support you and help you pursue a simpler financial life today and a successful retirement tomorrow. Please carefully consider the benefits of existing and potentially new retirement accounts and any differences in features. Rollover assets may be subject to an IRS 10% premature distribution penalty tax. Consult your own legal and tax advisors regarding your situation.
To learn more or for help consolidating your accounts, call 866‑865‑2660.
Retirement Consultants are registered representatives of and offer securities through Voya Financial Advisors, Inc. (member SIPC).
Get professional advice
Once the plan goes live in January, you may consider engaging with Voya's advice and guidance services offered through Voya Retirement Advisors (VRA), powered by Edelman Financial Engines. These services are designed to support your needs—whether you're a savvy investor or completely new to investing.
Call 833‑625‑0115 for more information on these services.
VRA is a member of the Voya Financial (Voya) family of companies. For more information,please read the Voya Retirement Advisors Disclosure Statement, Advisory Services Agreement, and your Plan's fact sheet. These documents may be viewed online by accessing the advisory services link through your Plan's website. You may also request these from a VRA Investment Advisor Representative by calling your Plan's information line. Financial Engines Advisors L.L.C. (FEA) acts as a sub advisor for Voya Retirement Advisors, LLC. Financial Engines Advisors L.L.C.
(FEA) is a federally registered investment advisor. Neither VRA nor FEA provides tax or legal advice. If you need tax advice, consult your accountant or if you need legal advice consult your lawyer. Future results are not guaranteed by VRA, FEA or any other party and past performance is no guarantee of future results.
Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All other marks are the exclusive property of their respective owners. FEA and Edelman Financial Engines, LLC are not members of the Voya family of companies. ©2024 Edelman Financial Engines, LLC. Used with permission.