WIXLIB

PortabilityPlease Note: This feature is notavailable to all plans. Please see yourplan documents to determine if yourplan contains this provision.A 457(b) deferred compensation plansponsored by a governmental entity(which would include a public school)is “portable.” This means that if yougo to work for another employer, youmay be able to roll over your accountbalance to your new employer’seligible retirement plan, such asa governmental 457(b), 403(b), or401(a)/(k), if the plan permits. Accountassets may also be rolled over into atraditional or Roth IRA. You may also,if the plan permits, leave your assetsin your former employer’s plan. Ifyou do so, your assets will continueto accumulate tax-deferred until theIRC requires that you begin receivingRequired Minimum Distributions (RMDs)triggered when you attain age 701 2 orretire, whichever comes later.A governmental 457(b) plan mayalso include provisions allowing foradditional access to your accountbalance. Your account balance maybe withdrawn by an alternate payeeunder a qualified domestic relationsorder, once your account is dividedin accordance with the court order.You may also be able to transferthe account balance from yourgovernmental 457(b) plan directlyto a governmental defined benefitplan, for the purchase of service creditunder that defined benefit plan. Agovernmental 457(b) plan may allow aparticipant to receive a loan from theplan assets. While taking a loan fromyour retirement plan may not be thebest option, it is something for you toconsider. A governmental 457(b) planmay also include a provision allowingthe in-service distribution of accountsthat do not exceed 5,000, if certainconditions are met. In addition, a 457(b)plan must also provide that the accountbalance be distributed to satisfy RMDs.Plan assets rolled from another plantype into a governmental 457(b)deferred compensation plan would stillremain subject to an IRS 10% prematuredistribution penalty tax if distributedprior to age 591 2, unless anotherexemption applies. Furthermore, anyamounts rolled from a governmental457(b) deferred compensation planto another plan type (e.g., 401(a)/(k),403(b), traditional IRA, etc.) would thenbecome subject to the same IRC 10%premature distribution penalty tax if,again, distributed prior to age 591 2unless another exemption applies.Access to your money fora financial emergencyIf you choose to take your accountbalance, the distribution will be taxablein the year you receive the money.However, if your account balance ispaid out in a series of payments over aperiod of time, you will only pay federalincome taxes on the amount receivedeach year. l oss of your property due tocasualty; or other similar extraordinaryand unforeseeable circumstancesarising as a result of events beyondyour control.Generally, withdrawals from a 457(b)plan are not allowed unless you retire,attain age 701 2, sever employment,or die. However, a withdrawal cangenerally be made to meet an“unforeseeable emergency” asdefined by the IRC, if your employer’s457(b) plan allows. An unforeseeableemergency means a severe financialhardship to you resulting from: a n illness or accident of you or yourspouse or dependent;Note: if permitted by the 457(b)plan document, an unforeseeableemergency means a severe financialhardship of you resulting from an illnessor accident of your primary beneficiarydesignated by you under the 457(b)plan. In addition, a 457(b) plan maypermit a beneficiary of a deceasedparticipant or alternate payee to take anunforeseeable emergency distribution.In addition, if permitted under a457(b) plan document, you may beeligible to receive an unforeseeableemergency withdrawal, based on asevere financial hardship resulting froman accident or illness of a primarybeneficiary designated by you underthe 457(b) plan.The purchase of an automobile, or exceptunder extraordinary circumstances, thepurchase of a home and the paymentof college tuition are not consideredunforeseeable emergencies.Transferring benefits toanother 457(b) planAfter severance from employment withyour current employer sponsoring the457(b) plan, you may transfer your planassets to another governmental 457(b)plan, if both your current plan and theplan to which you would like your assetstransferred, permit such a transfer.Payment choicesYou can receive your benefits in anyone of the following ways, subjectto the terms of your employer’s plandocument. Remember, taxes are due atdistribution, so we suggest you discussyour federal and, if applicable, stateincome tax liability with your accountantor attorney before choosing an option: Distribution over your lifetime; Distribution over your lifetime andthe lifetime of your designatedbeneficiary; Distribution over a set time periodnot extending beyond your lifeexpectancy; Distribution over a set time period notextending beyond the joint and lastsurvivor life expectancy of both youand your designated beneficiary; Lump sum, or partial lump sumdistribution in combination with oneof the other options;

An estate conservation optionthat allows you to receive only theminimum amount required by lawat either age 70½ or retirement,whichever comes later; and A systematic withdrawal optionthat provides periodic income foreither a specific dollar amount or aspecified time period at retirement orseparation from service.Please note: Variable annuities and mutualfunds offered through a retirement plan areintended as long-term investments designed forretirement purposes. Early withdrawals from avariable annuity may be subject to a deferredsales charge. Money distributed from the planwill be taxed as ordinary income in the yearthe money is distributed. Investments are notguaranteed and are subject to investment riskincluding the possible loss of principal. Accountvalues fluctuate with market conditions, andwhen surrendered the principal may be worthmore or less than its original amount invested.An annuity does not provide any additional taxdeferral benefit, as tax deferral is provided bythe plan. Annuities may be subject to additionalfees and expenses to which other tax-qualifiedfunding vehicles may not be subject. However,an annuity does provide other features andbenefits, such as lifetime income payments anddeath benefits, which may be valuable to you.Death benefitsUpon your death, your designatedplan beneficiary will receive benefitsaccording to options/time framesoutlined in the plan. If you die beforebenefits commence and your planbeneficiary is also your spouse, he orshe is not required to begin receivingpayments any earlier than when youwould have reached age 701 2.If you die after benefits havecommenced, the balance of youraccount must be distributed at least asrapidly as under the method in effectat your death.Personalized, promptaccount serviceYour local representative, well-trainedand experienced in retirementeducation, is eager to help you: Understand retirement concepts; Formulate retirement goals withhypothetical computer illustrations;andAccount statements summarize yourinvestment account activity and reflectyour account balance. Your reportwill specify any changes in value and/or transfers you’ve made among theinvestment options. These reportsare mailed quarterly; however, forsome transactions (such as investmentchanges), a confirmation statement issent to you immediately. You can alsospeak with your representative to findout how to "go green" and receiveonline statements.Toll-Free telephone services areavailable seven days a week, 24 hoursa day, for account information andinvestment option changes.Newsletters include communicationsand updates from our technical andinvestment staffs.With Voya, you won’t get lost in thecrowd. You can count on your localrepresentative and our personalizedcustomer services to help you answerany questions you may have regardingyour account. Establish and periodically reviewyour investment objectives.In addition, our state-of-the-artcommunication program placesinformation and your account status atyour fingertips with these services:Internet access allows you tomake account inquiries and investmenttransfers, obtain fund unit values,and more. Our website offers aninformational, interactive guide to helpyou consider financial and investmentalternatives, while a state-of-the-artsecurity system ensures that you alonehave access to your account.It’s easy to get startedTo begin participating in the plan, complete the appropriate participation/enrollment materials.This booklet provides only an overview of deferred compensation. Please see your representativeon how deferred compensation can help you pursue your financial goals.

Not FDIC/NCUA/NCUSIF Insured I Not a Deposit of a Bank/Credit Union I May Lose Value I Not Bank/Credit Union Guaranteed I Not Insured by Any Federal Government AgencyYou should consider the investment objectives, risks, and charges and expenses of the variable product and its underlying fund options, ormutual funds offered through a retirement plan, carefully before investing. The prospectuses/prospectus summaries/ information bookletscontain this and other information, and can be obtained by contacting your local representative. Please read the information carefully beforeinvesting.Insurance products, annuities and retirement plan funding issued by (third party administrative services may also be provided by) Voya Retirement Insurance and Annuity Company (“VRIAC”),Windsor, CT or ReliaStar Life Insurance Company, (“ReliaStar”), Minneapolis, MN. VRIAC or ReliaStar is solely responsible for meeting its obligations. Plan administrative services provided byVRIAC or Voya Institutional Plan Services LLC (“VIPS”). VIPS does not engage in the sale or solicitation of securities. All companies are members of the Voya family of companies. Securitiesdistributed by Voya Financial Partners LLC (member SIPC) or third parties with which it has a selling agreement. Custodial account agreements or trust agreements are provided byVoya Institutional Trust Company. All products or services may not be available in all states. Only VRIAC is admitted and its products offered in the state of New York.146206 3011372.X.P-14 2018 Voya Services Company. All rights reserved.CN0928-45256-1020DVoya.com

eligible retirement plan, such as a governmental 457(b), 403(b), or 401(a)/(k), if the plan permits. Account assets may also be rolled over into a traditional or Roth IRA. You may also, if the plan permits, leave your assets in your former employer s plan. If you do so, your assets will continue to accumulate tax-deferred until the