Save more with Plan Contributions
For our Active Employee Participants
Is a little extra compensation coming your way? Consider putting something aside for your retirement! Whether you’re receiving a Step Increase or Cost of Living Adjustment (COLA), saving by increasing your contributions by just one or two percent can help you save more throughout your career and reach your retirement goals.
Here’s how to increase your Plan contributions:
Log in to your Plan account here: https://my.voya.com/voyasso/index.html?domain=la457.voya.com#/login-pweb and select Account > Contribution Options > Change Contributions and just follow the prompts. Also, consider using the Rate Escalator feature to schedule percentage increases every year automatically!
By saving extra funds in the Plan now you can put those funds to work growing your income for life in retirement. It’s wise to consider how much a little saved now may benefit you later!