CalPERS plans to hire incumbent Voya Institutional Plan Services as the third-party administrator for its $1.7 billion supplemental income plans, a deferred compensation program, according to a notice on CalPERS website.
Officials at the $358.6 billion California Public Employees' Retirement System, Sacramento, intend to award the contract on June 13. Voya's selection follows an RFP launched in February. Last year, the board extended Voya's contract for 18 months to Dec. 31 to give CalPERS officials time to launch a search.
