We’re here to help! Enrolling in the plan is simple, but investing for your life goals requires you to be informed.

Before enrolling in the plan, you should:

  • Understand the plan features
  • Review the investment options offered
  • Understand the investment option performance

There are two ways you can enroll in the plan with Voya:

  1. Meet with one of  Voya’s local representatives that support HCPSS
    Click here to link to the Contact Us section of this website. There you will find contact information for each representative, the schools that that they service. You will also be able to schedule an appointment on-line with any of the representatives through the line provided. You will have the option to meet with a representative in-person or via a virtual appointment. When you meet with your representative you can develop an asset allocation model to illustrate your investment and retirement objectives, decide how much to contribute, select investment options, and designate a beneficiary for your plan benefits. You can also set up time for periodic account reviews to help ensure you remain on track toward meeting your investment objectives.
  2. Online Enrollment.
    Online enrollment is a quick and easy two-step process. To get started, select the “Enroll Now” button on this page. Before enrolling online, be prepared to provide the name of each person you wish to designate as your beneficiary. You may submit up to 10 beneficiaries online. If you have more than 10 beneficiaries, we suggest that you schedule an appointment to meet with a local representative for additional assistance.

After you complete the Voya Financial online enrollment process, you will receive an email confirming receipt of your enrollment information. Please save this email because you will need to provide a copy of it to the HCPSS Benefits Department as part of step two of the enrollment process.  Using Workday, alert the HCPSS Benefits Department of the dollar amount you want to contribute to the 403(b) Tax –Sheltered Annuity each pay period. Detailed instructions will be found in the document that is available to you at the end of the online enrollment process.  You may contact a local representative at any time for additional assistance.

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.

For 403(b)(1) fixed or variable annuities, 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 distribution rules: No Internal Revenue Code withdrawal restrictions apply to '88 cash value (employee deferrals (including earnings) as of 12/31/88) and employer contributions (including earnings). However, employer contributions made to an annuity contract issued after December 31, 2008 may not be paid or made available before a distributable event occurs. Such amounts may be distributed to a participant or if applicable, the beneficiary: upon the participant's severance from employment or upon the occurrence of an event, such as after a fixed number of years, the attainment of a stated age, or disability.