WINDSOR, Conn., Dec. 14, 2015 /PRNewswire/ -- Voya Financial, Inc. (NYSE: VOYA) announced today that its Retirement business has been selected as the new service provider for the Indiana Public Retirement System (INPRS) Annuity Savings Account program.
The INPRS Annuity Savings Account program is part of a hybrid 401(a) government retirement system consisting of employer and employee contributions. The program accounts represent approximately $5.3 billion in assets under administration and have about 319,000 participating members. The opportunity with INPRS involves a potential five-year contract. The goal is to transition to Voya's administrative platform in 2017.
"We are thrilled the committee for the INPRS Annuity Savings Account program has placed its trust in Voya and selected us to be its new service provider," said Carolyn Johnson, president of Annuities and Tax-Exempt Markets for Voya Financial. "Our teams are ready and committed to growing a successful partnership with the state, and helping its members plan, invest and protect their savings so they can retire better."
As part of its commitment to advancing the retirement readiness of Americans, Voya will provide administrative and recordkeeping services for the INPRS program as well as a variety of decision-making and planning tools. This includes Voya's newly enhanced participant website, which features the award-winning myOrangeMoney® retirement income planning capability. Voya's state-of-the-art Retirement Readiness Service Center support teams will also be available for members.
As an industry leader and advocate for greater retirement readiness, Voya Financial is committed to delivering on its vision to be America's Retirement Company™ and its mission to make a secure financial future possible — one person, one family, one institution at a time.
Media Contact: Bill Sutton Voya Financial Office: (860) 580-2626 Cell: (315) 373-9685 William.Sutton@voya.com
About Voya Financial®
Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 13 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $11 billion in revenue in 2014. The company had $450 billion in total assets under management and administration as of September 30, 2015. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya's vision is to be America's Retirement Company™. The company is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible — Voya has been recognized as one of the World's Most Ethical Companies, by the Ethisphere Institute, and as one of the Top Green Companies in the U.S., by Newsweek magazine. For more information, visit voya.com or view the company's 2014 annual report. Follow Voya Financial on Facebook and Twitter @Voya.
SOURCE Voya Financial, Inc.