In January, Teachers' Retirement System will launch the new Supplemental Savings Plan (SSP) to help you Bring More to your future retirement plans.
The SSP is an optional savings plan that allows you to dedicate a portion of every paycheck to a 457(b) deferred compensation plan administered by Voya Financial, a national leader in retirement security for millions of Americans.
The SSP is designed to supplement your existing TRS pension - not replace it. As an SSP member, when you retire and start receiving your monthly pension, you also will be able to draw on the money you've saved in your SSP account as you see fit.
The SSP is an option for active TRS members who are full-time or part-time contractual employees. Retired and inactive members are not eligible to participate.
When you save money with the SSP, you also will choose how to invest those funds to help meet your future retirement needs. Voya will administer your SSP account while TRS will continue to oversee your pension. Bring More to your future. Join the TRS SSP.
Watch for more SSP information in the U.S. Mail
You can find a PDF of the SSP Guide at the bottom of this page. The guide includes:
- A detailed description of the Supplemental Savings Plan;
- How to sign up;
- Important dates for the launch of the SSP;
- Financial planning tools designed to help you keep your retirement savings plan on track.
We realize that you may have questions or want more information about the new SSP. Beginning the week of December 13, 2021, members may call the TRS SSP Service Center at 844-877-4572 (844-TRS-457B). Voya Customer Service Associates are available weekdays between 7 a.m. to 7 p.m., CT, excluding stock market holidays.
Plan administrative services are provided by Voya Institutional Plan Services, LLC (VIPS). VIPS is a member of the Voya® family of companies.
Employers must adopt the TRS Supplemental Savings Plan for their eligible employees to participate in the SSP. View the list of Participating Employers who have adopted the SSP.