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Voya outlines TRS supplemental 457(b) savings plan: contribution limits, investment options and enrollment steps
Summary
Voya representative Tanya Coleman described the TRS Supplemental Savings Plan (SSP), a 457(b) plan for TRS members, including contribution limits, Roth vs. traditional options, investment choices and enrollment procedures.
Tanya Coleman, a Voya representative, presented features of the Teachers’ Retirement System supplemental savings plan (SSP), a uniform 457(b) plan created under a 2018 legislative change and administered for TRS by Voya.
The nut graf: The SSP is a voluntary, employer‑sponsored deferred contribution account designed to supplement the TRS pension; participation rules, tax treatment and investment choices determine how it complements the defined‑benefit pension.
Coleman said participation is…
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