Supplemental Savings Plan Overview

Below are the important features about your employer's plan. This website is intended to be a summary of the plan provisions.  In the event that a conflict exists between the information contained within this website and the plan document, the plan document provisions prevail.

Under the voluntary 403(b) portion of the program, members may make additional contributions on a tax-deferred basis to a Supplemental Savings Plan/403(b) (Voluntary Contributions). This type of program is available to employees of public schools and certain tax-exempt organizations under Section 403(b) of the Internal Revenue Code (it is also known as a Tax Deferred Annuity (TDA)).

Members are required to complete a "Salary Reduction Agreement" form with their employer in order to participate. Please see your Voya representative or contact your Benefits/Human Resources office for this form. While federal income tax will be deferred on contributions, State income tax and Social Security taxes will not be deferred.


  • Choices and control of your investments
  • Portability of your account to other eligible retirement plans
  • Unlimited transfers between variable investment options via Internet or phone, subject to Voya's policy on market timing and excessive trading
  • Tax-deferred investing — under the Internal Revenue Code, with this program your contributions and earnings on those contributions are subject to federal taxation only when you begin to take distributions
  • Availability of loans. Note: Loans will reduce your account balance.

Please note: loans will reduce your account balance, may impact your withdrawal value and limit participation in future growth potential. Other restrictions may apply.

Please refer to the disclosure materials in your Enrollment Kit (in the “Enrollment” section of this website) and/or the “Performance Report”( in the “Investment Performance” section of this website) for specifics regarding charges, expenses, fees, transfer restrictions, etc.


Under the Plan, the maximum annual contribution amount is set by Internal Revenue Service (IRS) guidelines on a yearly basis. You may view the current limits here


Employee Deferrals (including earnings) may generally be distributed only upon your:

  • Attainment of age 59½
  • Severance from employment
  • Death
  • Disability, or
  • Hardship

Note: Hardship withdrawals are limited to Employee Deferrals made after 12/31/88.

Exceptions to the above distribution rules:

No IRC withdrawal restrictions apply to:

  • ’88 cash value (Employee Deferrals, including earnings, as of 12/31/88)
  • Employer Contributions (including earnings)
  • Distributions that qualify as a “Qualified Reservist Distribution”


  • One Loan is allowed every 12 months.
  • For non-residential loans, the required minimum individual account value is $2,000. The minimum loan amount is $1,000.
  • For residential loans, the required minimum individual account value is $5,000. The minimum loan amount is $2,500.
  • Amounts to satisfy the loan will not be taken from the Guaranteed Accumulation Account (GAA) or Voya GET U.S. Core Portfolio (GET). However, GAA or GET funds may be transferred to other 403(b) investment options to qualify for a loan.

Please note: Loans will reduce account balances, may impact your withdrawal value and limit participation in future growth potential. Other restrictions may apply.

Payout Options

  • A lump-sum or partial withdrawal (may be subject to federal withholding and possible tax penalties)
  • A systematic payout option specifying a percentage, dollar amount, or a time period. This requires a $3000 minimum account balance and a $250 minimum payment.
  • Payments guaranteed for your lifetime or for as long as you and your beneficiary are alive (guarantees based on the claims-paying ability of Voya Retirement Insurance and Annuity Company)

Guaranteed Death Benefit

  • The Death Benefit is guaranteed to be the greater of:
  • The current value of the account, or
  • The total of net contributions made to the individual account minus the total of any withdrawals, annuitizations, or loans.

The guaranteed death benefit is available if the beneficiary requests either a lump sum payment or an annuity option within six months of a participant’s death, subject to the provisions of the plan. Guarantees are based on the claims-paying ability of Voya Retirement Insurance and Annuity Company. Guarantees do not apply to the investment return or principal value of the separate account.

You should consider the investment objectives, risks, and charges and expenses of the variable product and its underlying fund options carefully before investing. The prospectuses/prospectus summaries containing this and other information can be obtained by contacting your local representative. Please read the information carefully before investing.

Variable annuities are intended as long-term investments designed for retirement purposes. Withdrawals from an annuity may be subject to an early withdrawal fee and, if taken prior to age 59½, an IRS 10% premature distribution penalty tax will apply, unless an IRS exception applies. Money taken from the annuity will be taxed as ordinary income in the year the money is distributed. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than its original amount invested. An annuity does not provide any additional tax deferral benefit, as tax deferral is provided by the plan. Annuities may be subject to additional fees and expenses to which other tax-qualified funding vehicles may not be subject. However, an annuity does provide other features and benefits, such as lifetime income payments and death benefits, which may be valuable to you.

Insurance products, annuities and retirement plan funding issued by (third party administrative services may also be provided by) Voya Retirement Insurance and Annuity Company, One Orange Way, Windsor, CT 06095-4774. Securities are distributed by Voya Financial Partners LLC (member SIPC). All companies are members of the Voya™ family of companies. Securities may also be distributed through other broker-dealers with which Voya has selling agreements. Insurance obligations are the responsibility of each individual company. Product and services may not be available in all states.