Company Website: https://voya.com
NEW YORK -- (Business Wire)

Voya Financial, Inc. (NYSE: VOYA) a leading retirement, employee benefits and investment management company, today welcomed an executive order that facilitates retirement-savings access for millions of Americans who currently lack adequate options. The order directs the U.S. Treasury Department to establish a new platform highlighting high-quality, low-cost, private-sector IRAs, which the company called a meaningful step forward in expanding retirement savings opportunities.

The platform would provide individuals with information about enrolling in private sector individual retirement accounts, based on factors such as low cost and no contribution or minimum balance requirements. For taxpayers who qualify, the new accounts may enable them to take advantage of the Saver’s Match, a direct Treasury matching contribution of up to $1,000 annually, that takes effect January 1, 2027.

“At Voya, we have long believed that every American deserves a clear path to financial confidence, and that starts with access,” said Jay Kaduson, CEO, Workplace Solutions, Voya Financial. “The newly announced Treasury platform directly addresses one of the most persistent gaps in our retirement system — the millions of individuals who want to save but simply don’t have a straightforward way to do it. We welcome this initiative and look forward to engaging with the Treasury Department as this program moves forward.”

“The Saver’s Match is a powerful incentive that removes income as a barrier to building retirement security, and the new platform gives people a practical way to act on it,” said Amy Vaillancourt, President, Retirement, Voya Financial. “Voya looks forward to evaluating how our retirement and wealth management solutions could support this framework, while closely monitoring Treasury guidance as it develops.”

Voya will continue to track regulatory developments in response to the Executive Order and will provide updates as appropriate.

About Voya Financial^®

Voya Financial, Inc. (NYSE: VOYA) is a leading retirement, employee benefits and investment management company. Voya’s services and solutions help clear the path to financial confidence and a more fulfilling life for individual, workplace and institutional clients, supporting more than 18 million customer relationships. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya fosters a culture that values customer centricity, integrity, accountability, agility and inclusivity. Together with customers and partners, Voya employees fight for everyone's opportunity for a better financial future. For more information, visit voya.com and follow Voya Financial on LinkedIn, Facebook and Instagram.

VOYA-IR, VOYA-CF

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Contacts:

Media:
Claire Supplee
(212) 309-8275
Claire.Supplee@voya.com

Investor:
Mei Ni Chu
(212) 309-8999
IR@voya.com

Source: Voya Financial, Inc.