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Hampton City Schools (HCS) partners with Voya Financial as its single approved investment provider for supplementary voluntary retirement savings plans. These plans operate alongside the primary Virginia Retirement System (VRS) pension/hybrid benefits.
HCS employees can participate in two primary tax-advantaged supplemental retirement plans:
403(b) Tax-Sheltered Annuity Plan: Designed for public education employees.
457(b) Deferred Compensation Plan: An additional deferred compensation option.
Note that 403(b) and 457(b) contribution limits are independent, meaning employees can potentially contribute up to the IRS maximum in both plans concurrently if desired.
VRS Hybrid Employees: If you are in the VRS Hybrid Plan, it is recommended to max out your 4% voluntary VRS match first before contributing to a Voya 403(b) or 457(b).
Advisors
Handles investment reviews and will act as a general liaison for the plan.
(757) 333-7377
SCOTT@CFSPRO.COM
(804) 295-9680
ROBERT.GIORGI@VOYAFA.CO
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