Voya Financial, Inc. has announced that its subsidiary, Voya Institutional Plan Services, LLC, has been chosen as the new service provider for the City of Milwaukee Deferred Compensation Plan.
The plan is scheduled to transition to Voya's administrative platform in the fourth quarter of 2016.
The City of Milwaukee Deferred Compensation Plan is a voluntary 457(b) defined contribution plan that allows public employees of the city to set aside funds from each paycheck toward their retirement.
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