Employer Update

Beginning January 1, 2026, the Hybrid Retirement Plan’s auto-escalation feature will increase member contributions by 0.5% to the Hybrid 457 Deferred Compensation Plan for those not already saving 4%. This increase occurs every three years until members reach the 4% maximum, which qualifies them for the full 2.5% employer match.

Members who do not wish to participate in auto-escalation must opt out this month.

Key Dates

• Opt-out window: December 1-31.
• Members can:
  • Set their own contribution percentage
  • Customize automatic increases with SmartStep.
  • Opt out by logging in at https://dcp.varetire.org/login or calling 877-327-5261 by 4 p.m., December 31.
  • No action is required if the member accepts the automatic increase.

How Employers Can Help

• Share the Employee Auto-Escalation flyer.
• Review the Employer Auto-Escalation guide for responsibilities.
• Encourage members to increase contributions now to maximize the employer match.
• As they register their defined contribution plan online accounts, remind members to fully explore Voya’s  plan tools and resources:
• Online calculators, a dozen options, including a paycheck calculator and the myOrangeMoney retirement calculator.
• Voya Retire mobile app, the quick way for members to access their DCP accounts.
• Voya Learn, live and on-demand sessions to help members achieve their financial goals.

What to Expect in January

• Auto-escalation changes will appear on your Deferral Change Report. Review the Voya job aid for instructions.
• Allow extra time for processing, as volume will be higher than usual.

Resources and Support

• Visit https://dcpemployer.varetire.org for guides and videos.
• Questions? Contact Voya Employer Support at 844-570-1482 or email DCPERSupport@voya.com.