Investment Options Overview

A broad menu of investment options

You can build a portfolio from the Plan’s broad menu of investment options from some of the nation’s well-known portfolio managers, plus a separate fixed interest investment option. The menu of investment options cover the risk/reward spectrum, allowing you to select from conservative choices, moderate growth and income funds, or aggressive growth opportunities in both U.S. and international markets. Each asset class also includes an Environmental, Social, and Governance (ESG) investments option that blends environmental, social, and governance factors into traditional investment evaluations.

SUNY ORP – Voya Fixed Plus Account IIA

  • Interest Rates The Voya Fixed Plus Account IIA guarantees that amounts allocated to this option will earn the minimum interest rate specified in the contract. Voya may credit a higher interest rate from time to time, but the credited rate will never fall below the guaranteed minimum 1% specified in the contract. Guarantees are based on the claims-paying ability of Voya Retirement Insurance and Annuity Company (VRIAC), a member of the Voya family of companies. Guarantees do not apply to the investment return or principal value of the separate account.

SUNY Voluntary 403(b) Plan - Voya Fixed Plus Account III

  • Interest Rates The Voya Fixed Plus Account III guarantees that amounts allocated to this option will earn the minimum interest rate specified in the contract. Voya may credit a higher interest rate from time to time, but the credited rate will never fall below the guaranteed minimum 1% specified in the contract. Guarantees are based on the claims-paying ability of Voya Retirement Insurance and Annuity Company (VRIAC), a member of the Voya family of companies. Guarantees do not apply to the investment return or principal value of the separate account.

Managing your investments

You can make changes to the way your SUNY ORP and Voluntary 403(b) Plan account is invested.

Future Investment Elections

You may want your future savings to go into different investment options than you have elected. By changing your future contributions you can allocate any 'new money' to different funds.

Fund to Fund Transfer 

A fund to fund transfer is the movement of a specific amount of savings from one fund to another. You may choose to do this to purchase units with your existing savings in a different investment.

One-Time Account Rebalance

By rebalancing your account, you will allocate your current balance to new investment fund choices for all of your current savings.

Automatic Account Rebalancing

Over time, shifts in the market might mean your investment selections have become 'out-of-balance' from your original election. Choosing to automatically rebalance will help you stick to your plan even when markets swing.

This information is provided by Voya for your education only; it is not intended as investment advice. All investments are subject to risk. Please consult a financial professional before making an investment or insurance decision.

You can make an allocation change or transfer assets among investment options by:

Logging in to your online Voya account and going to Investments & Research > Manage Investments.

Calling Voya toll-free at (800) 584-6001 weekdays between 8:00 a.m. - 9:00 p.m. ET.


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 Agency

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.

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.

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. VRIAC is solely responsible for its own financial condition and contractual obligations. Plan administrative services provided by VRIAC 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. Securities distributed 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 by Voya Institutional Trust Company. All products and services may not be available in all states.