# EDGAR Filing Document

**Accession Number:** 0000103007
**File Stem:** 0001133228-26-004890
**Filing Date:** 2026-4
**Character Count:** 365686
**Document Hash:** 2656d55621dfa4a5f9d18387d7bc9792
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-26-004890.hdr.sgml**: 20260408

**ACCESSION NUMBER**: 0001133228-26-004890

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 16

**FILED AS OF DATE**: 20260408

**DATE AS OF CHANGE**: 20260408

**EFFECTIVENESS DATE**: 20260501

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VARIABLE ANNUITY ACCOUNT C OF VOYA RETIREMENT INSURANCE & ANNUITY Co
- **CENTRAL INDEX KEY:** 0000103007

**ORGANIZATION NAME:**
- **EIN:** 710294708
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02513
- **FILM NUMBER:** 26848668

**BUSINESS ADDRESS:**
- **STREET 1:** ONE ORANGE WAY
- **CITY:** WINDSOR
- **STATE:** CT
- **ZIP:** 06095-4774
- **BUSINESS PHONE:** 860-580-4646

**MAIL ADDRESS:**
- **STREET 1:** ONE ORANGE WAY
- **CITY:** WINDSOR
- **STATE:** CT
- **ZIP:** 06095-4774

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VARIABLE ANNUITY ACCT C OF VOYA RETIREMENT INSURANCE & ANNUITY Co
- **DATE OF NAME CHANGE:** 20140902

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VARIABLE ANNUITY ACCT C OF ING LIFE INSURANCE & ANNUITY CO
- **DATE OF NAME CHANGE:** 20020319

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VARIABLE ANNUITY ACCT C OF AETNA LIFE INSURANCE & ANNUITY CO
- **DATE OF NAME CHANGE:** 19940525
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VARIABLE ANNUITY ACCOUNT C OF VOYA RETIREMENT INSURANCE & ANNUITY Co
- **CENTRAL INDEX KEY:** 0000103007

**ORGANIZATION NAME:**
- **EIN:** 710294708
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-207045
- **FILM NUMBER:** 26848667

**BUSINESS ADDRESS:**
- **STREET 1:** ONE ORANGE WAY
- **CITY:** WINDSOR
- **STATE:** CT
- **ZIP:** 06095-4774
- **BUSINESS PHONE:** 860-580-4646

**MAIL ADDRESS:**
- **STREET 1:** ONE ORANGE WAY
- **CITY:** WINDSOR
- **STATE:** CT
- **ZIP:** 06095-4774

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VARIABLE ANNUITY ACCT C OF VOYA RETIREMENT INSURANCE & ANNUITY Co
- **DATE OF NAME CHANGE:** 20140902

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VARIABLE ANNUITY ACCT C OF ING LIFE INSURANCE & ANNUITY CO
- **DATE OF NAME CHANGE:** 20020319

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VARIABLE ANNUITY ACCT C OF AETNA LIFE INSURANCE & ANNUITY CO
- **DATE OF NAME CHANGE:** 19940525

## Series and Classes Contracts Data

### VARIABLE ANNUITY ACCT C OF VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY (Series ID: S000001089)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000163132 | Florida University System ORP/OAP |  |

?xml version='1.0' encoding='ASCII'?

As filed with the U.S. Securities and Exchange Commission on April 8, 2026

Registration No. 333-207045

Registration No. 811-02513

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM N-4**

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ☒ <br> Pre-Effective Amendment No. ☐ <br> Post-Effective Amendment No. 17 ☒

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 ☒

**VARIABLE ANNUITY ACCOUNT C OF VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY**

*(Exact Name of Registered Separate Account)*

Voya Retirement Insurance and Annuity Company

*(Name of Insurance Company)*

 

One Orange Way

Windsor, Connecticut 06095-4774

*(Address of Insurance's Company's Principal Executive Offices) (Zip Code)*

 

1-800-262-3862 *(Insurance Company's Telephone Number, including Area Code)*

Tamara Saverine

Vice President, Chief Counsel

Voya Retirement Insurance and Annuity Company

One Orange Way, Windsor, Connecticut 06095-4774

*(Name and Address of Agent for Service)*

 

It is proposed that this filing will become effective:

☐ immediately upon filing pursuant to paragraph (b)

☒ on May 1, 2026, pursuant to paragraph (b) 

☐ 60 days after filing pursuant to paragraph (a)(1)

☐ on _______, pursuant to paragraph (a)(1) of rule 485 under the Securities Act of 1933 ("Securities Act").

If appropriate, check the following box:

☐ this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

**PART A**

**INFORMATION REQUIRED IN A PROSPECTUS**

**FLORIDA UNIVERSITY SYSTEM OPTIONAL RETIREMENT**

**PROGRAM AND THE FLORIDA SENIOR MANAGEMENT SERVICE OPTIONAL ANNUITY PROGRAM**

**A GROUP DEFERRED FIXED AND VARIABLE ANNUITY CONTRACT**

issued by

**Voya Retirement Insurance and Annuity Company** and its

 **Variable Annuity Account C**

This Prospectus describes a group deferred fixed and variable annuity contract (the "Contract" or the "Contracts") issued by Voya Retirement Insurance and Annuity Company ("VRIAC," the "Company," "we," "us" and "our") through its Variable Annuity Account C (the "Separate Account"). It is intended to be used as a funding vehicle for certain types of retirement plans ("plan" or "plans") and to qualify for beneficial tax treatment and/or to provide current income reduction under certain sections of the Internal Revenue Code of 1986, as amended (the "Tax Code"). There is one class of Contract. The Company offers the Contract in connection with plans established by eligible organizations under Tax Code Sections 401(a) and 403(b), including Roth 403(b) plans.

 

The Contract is a complex investment and involves risks, including potential loss of principal. Before you participate in the Contract through your retirement plan, you should read this Prospectus. It provides facts about the Contract and its investment options. The Contract offers Variable Investment Options that invest in corresponding underlying mutual funds ("Funds"). More information about the Funds is available in Appendix A: Investment Options Available Under the Contract. The Funds and Fixed Interest Options available to you may vary based on employer and participants should refer to their plan documents for a list of available Funds. Plan sponsors (generally your employer) should read this Prospectus to help determine if the Contract is appropriate for their plan.

The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Early withdrawals could result in early withdrawal charges, taxes, and tax penalties. Our obligations under the Contract are subject to our financial strength and claims-paying ability.

**If you are a new Investor in the Contract, you may cancel your Contract within 10 days of receiving it without paying fees or penalties.**

**In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or your total Account Value. You should review this Prospectus, or consult with your investment professional, for additional information about the specific cancellation terms that apply.**

Additional information about certain investment products, including variable annuities, has been prepared by the U.S. Securities and Exchange Commission's staff and is available at *Investor.gov.*

Neither the U.S. Securities and Exchange Commission (the "SEC") nor any state securities commission has approved or disapproved these securities or passed upon the accuracy or adequacy of this Prospectus. Any representation to the contrary is a criminal offense.

We do not intend for this Prospectus to be an offer to sell or a solicitation of an offer to buy these securities in any state that does not permit their sale. We have not authorized anyone to provide you with information that is different from that contained in this Prospectus.

**Contract Prospectus Dated May 1, 2026**

PRO.207045-26

**TABLE OF CONTENTS** 

---

| | |
|:---|:---|
| **[GLOSSARY OF TERMS USED IN THIS PROSPECTUS](#pro_001)** | **3** |
| **[OVERVIEW OF THE CONTRACT](#pro_002)** | **5** |
| **[IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT](#pro_003)** | **7** |
| **[FEE TABLE](#pro_004)** | **10** |
| **[PRINCIPAL RISKS OF INVESTING IN THE CONTRACT](#pro_005)** | **11** |
| **[THE COMPANY](#pro_006)** | **13** |
| **[VARIABLE ANNUITY ACCOUNT C](#pro_007)** | **13** |
| **[THE INVESTMENT OPTIONS](#pro_008)** | **14** |
| **[CHARGES AND FEES](#pro_009)** | **17** |
| **[THE CONTRACT](#pro_010)** | **20** |
| **[THE INCOME PHASE](#pro_011)** | **26** |
| **[BENEFITS AVAILABLE UNDER THE CONTRACT](#pro_012)** | **30** |
| **[DEATH BENEFIT](#pro_013)** | **31** |
| **[CONTRACT PURCHASE AND PARTICIPATION](#pro_014)** | **34** |
| **[WITHDRAWALS](#pro_015)** | **35** |
| **[SYSTEMATIC DISTRIBUTION OPTIONS](#pro_016)** | **37** |
| **[LOANS](#pro_017)** | **38** |
| **[FEDERAL TAX CONSIDERATIONS](#pro_018)** | **39** |
| **[OTHER TOPICS](#pro_019)** | **48** |
| **[APPENDIX A: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT](#pro_020)** | **53** |
| **[APPENDIX B: FIXED PLUS ACCOUNT II](#pro_021)** | **56** |
| **[APPENDIX C: PARTICIPANT APPOINTMENT OF EMPLOYER AS AGENT UNDER AN ANNUITY CONTRACT](#pro_022)** | **60** |
| **[HOW TO GET MORE INFORMATION](#pro_023)** | **61** |

---

PRO.207045-26 2

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**GLOSSARY OF TERMS USED IN THIS PROSPECTUS**

 

*The following are some of the important terms used throughout this Prospectus that have special meaning. There are other capitalized terms that are explained or defined in other parts of this Prospectus.*

**Account Anniversary**: The anniversary of the date we established your account. If your account was established on February 29<sup>th</sup>, in non-leap years, the Account Anniversary shall be March 1<sup>st</sup>.

**Account Value:** The value of: (1) amounts allocated to the Fixed Interest Options, including interest earnings to date; less (2) any deductions from the Fixed Interest Options (e.g., withdrawals and fees); and plus (3) the current dollar value of amounts allocated to the Subaccounts of Variable Annuity Account C, which includes investment performance and fees deducted from the Subaccounts.

**Account Year**: A 12-month period measured from the date we establish your account or measured from any anniversary of that date.

**Accumulation Phase:** The period of time between the date the Contract became effective and the date you begin receiving Income Phase payments under the Contract. During the Accumulation Phase, you accumulate retirement benefits.

**Accumulation Unit:** A unit of measurement used to calculate the Account Value during the Accumulation Phase.

**Accumulation Unit Value**: The value of an Accumulation Unit for a Subaccount of Variable Annuity Account C. Each Subaccount of Variable Annuity Account C has its own Accumulation Unit Value, which may increase or decrease daily based on the investment performance of the applicable underlying Fund in which it invests.

**Annuitant.** The Annuitant is the person(s) on whose life expectancy the Income Phase payments are calculated.

**Beneficiary (or Beneficiaries):** The person designated to receive the death benefit payable under the Contract.

**Contract or Contracts**: The group or individual deferred fixed and variable annuity Contract offered by your Plan Sponsor as a funding vehicle for your retirement plan.

**Contract Holder**: The person to whom we issue the Contract. Generally, the Plan Sponsor or a trust. We may also refer to the Contract Holder as the Contract Owner.

**Contract Year**: A 12-month period measured from the date we establish the Contract or measured from any anniversary of that date.

**Customer Service**: The location from which we service the Contract. The mailing address and telephone number of Customer Service is Defined Contributions Administration, P.O. Box 990063, Hartford, CT 06199-0063, 1-800-584-6001.

**Fixed Interest Options**: The Fixed Plus Account II is a Fixed Interest Option that may be available during the Accumulation Phase under some Contracts. Amounts allocated to the Fixed Interest Option are held in the Company's General Account which supports insurance and annuity obligations.

**Fund(s)**: The underlying mutual Funds in which the Subaccounts invest.

**General Account**: The account that contains all of our assets other than those held in Variable Annuity Account C or one of our other separate accounts.

PRO.207045-26 3

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**Good Order**: Generally, a request is considered to be in "Good Order" when it is signed, dated and made with such clarity and completeness that we are not required to exercise any discretion in carrying it out. We can only act upon written requests that are received in Good Order.

**Income Phase**: The period during which you receive payments from your Contract.

**Investor (also "you" or "participant")**: The individual who participates in the Contract through a retirement plan.

**Net Asset Value:** A Fund's current market value.

**Plan Sponsor**: The sponsor of your retirement plan. Generally, your employer.

**Purchase Payment**: Collectively, the initial Purchase Payment and any additional Purchase Payment.

**Purchase Payment Period (also called "Deposit Cycle" in the Contract):** For installment Purchase Payments, the period of time it takes to complete the number of installment Purchase Payments expected to be made to your account over a year. For example, if your payment frequency is monthly, a payment period is completed after 12 Purchase Payments are made. If only 11 Purchase Payments are made, the payment period is not completed until the twelfth Purchase Payment is made. At any given time, the number of payment periods completed cannot exceed the number of Account Years completed, regardless of the number of payments made.

**Subaccount**: Division(s) of Variable Annuity Account C that are investment options under the Contract. Each Subaccount invests in a corresponding underlying mutual Fund.

**Tax Code**: The Internal Revenue Code of 1986, as amended.

**VRIAC, the Company, we, us and our:** Voya Retirement Insurance and Annuity Company, a stock company domiciled in Connecticut, that issues the Contract described in this Prospectus.

**Valuation Date:** Each date on which the Accumulation Unit Value of the Subaccounts of Variable Annuity Account C and the Net Asset Value of the shares of the underlying Funds are determined. Currently, these values are determined after the close of business of the New York Stock Exchange ("NYSE") on any normal Business Day, Monday through Friday, when the NYSE is open for trading.

**Variable Annuity Account C, the Separate Account**: Voya Variable Annuity Account C, a segregated asset account established by us to fund the variable benefits provided by the Contract. The Variable Annuity Account C is registered as a unit investment trust under the Investment Company Act of 1940 (the "1940 Act"), as amended, and it also meets the definition of "separate account" under the federal securities laws.

**Variable Investment Options**: The Subaccounts of Variable Annuity Account C. Each one invests in a specific mutual Fund.

**Vested**: The amount of money in a participant's individual account attributable to participant contributions. In an employer-sponsored retirement plan (i.e., a 401(a) or 403(b) plan), the Vested amount may include employer matching contributions.

PRO.207045-26 4

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**OVERVIEW OF THE CONTRACT**

 

*This summary provides a brief overview of the more significant aspects of the Contract. Further detail is provided in this Prospectus, the related Statement of Additional Information ("SAI"), the Contract and the summary or full prospectuses for the Funds being considered. We urge you to read the entire Prospectus as it describes all material features and benefits of the Contract and your rights and limitations thereunder. It also sets forth information you should know before making the decision to participate in the Contract through your retirement plan. Certain features and benefits may vary depending on the state in which your Contract is issued.*

 

*Certain features and benefits may vary depending on the state in which your Contract is issued, and any such material state variations are disclosed in the discussion of the features and benefits in the prospectus. Variations in contract benefits or features described in this prospectus may be imposed without our knowledge by some financial institutions or broker-dealers through which the Contract was sold. For example, your financial professional may not recommend a particular Portfolio or contract benefit to you or your plan. Because of the breadth of our distribution network, our agreements with our distribution partners and the fact that the Contract is an older legacy annuity product that has not been offered for sale for a significant period of time, we cannot obtain pertinent information regarding such variations without unreasonable effort and expense. If you have any questions about any limitations, restrictions, or other variations related to the Portfolios, contract benefits or other contract features available to you, please reach out to your financial institution or broker-dealer.*

 

**Purpose**

The Contract described in this Prospectus is a group deferred fixed and variable annuity contract. It is intended to be used as a funding vehicle for certain types of retirement plans and to qualify for beneficial tax treatment and/or to provide current income reduction under Tax Code Sections 401(a) and 403(b), including Roth 403(b) plans. There is one class of Contract described in this Prospectus.

The Contract is designed for Investors who intend to accumulate funds for retirement purposes, and thus is best suited for those with a long investment horizon. The Contract should not be viewed as a highly liquid investment. The value of deferred taxation on earnings grows with the amount of time your money is left in the Contract. For these reasons, you should not participate in this Contract if you are looking for a short-term investment. When considering whether to purchase or participate in the Contract, you should consult with your financial representative about your financial goals, investment time horizon and risk tolerance.

**Phases of Contract**

The Contract has two phases: An **Accumulation Phase** and an **Income Phase.**

**Accumulation Phase:** During the Accumulation Phase, you direct us to invest your Purchase Payments or Account Value among the following investment options:

&nbsp;&nbsp;&nbsp;&nbsp;• Variable
 Investment Options; and/or

&nbsp;&nbsp;&nbsp;&nbsp;• Fixed
 Interest Option.

**Income Phase:** During the Income Phase, you start receiving annuity, or Income Phase payments from your Contract. However, during the Income Phase you will be unable to make withdrawals, and any death benefits will terminate. The Contract offers several Income Phase payment options. In general, you may:

&nbsp;&nbsp;&nbsp;&nbsp;• Receive
 Income Phase payments over a lifetime or for a specified period;

&nbsp;&nbsp;&nbsp;&nbsp;• Select
 an Income Phase option that provides a death benefit to Beneficiaries; or

&nbsp;&nbsp;&nbsp;&nbsp;• Select
 fixed Income Phase payments or payments that vary based on the performance of the Variable
 Investment Options you select.

For more information about the Income Phase, see **"THE INCOME PHASE"** section of this Prospectus.

PRO.207045-26 5

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**The Variable Investment Options**

The Variable Investment Options are Subaccounts within the Separate Account. Each Subaccount invests its assets directly in shares of a corresponding underlying Fund, and each Fund has its own distinct investment objectives, fees and expenses and investment advisers. Earnings on amounts invested in a Subaccount will vary depending upon the performance and fees of the corresponding underlying Fund. You do not invest directly in or hold shares of the Funds. **Additional information about each underlying Fund is set forth in the section of this Prospectus called "APPENDIX A: FUNDS AVAILABLE UNDER THE CONTRACT."**

There is no guarantee that your Account Value will increase. Depending upon the investment experience of each Fund in which a Subaccount invests, your Account Value may increase or decrease daily. You bear the investment risk for the Funds in which the Subaccounts invest; you will benefit from favorable investment experience but also bear the risk of poor investment performance.

**The Fixed Interest Option**

The Fixed Plus Account II may be available as a Fixed Interest Option through the Contract:

The Fixed Plus Account II may not be available for current or future investment. For a description of the Fixed Plus Account II, see **AppendiX B**.

**Contract Features**

**Death Benefit**. A Beneficiary may receive a death benefit in the event of your death during both the Accumulation and Income Phases (described above). If made available under your Contract, you can elect the Adjusted Purchase Payment Guaranteed Death Benefit. The availability of a death benefit during the Income Phase depends upon the Income Phase annuity payment option selected. **See "DEATH BENEFIT – *Death Benefit During the Income Phase*."**

**Asset Rebalancing Program.** Our asset rebalancing program may be available in connection with certain Contracts. Asset rebalancing allows you to reallocate your Account Value in the investments and percentages you identify. There is no additional charge for this program. **See 'THE CONTRACT – *Contract Purchase and Limitations*** **– The Asset Rebalancing Program."**

**Loans.** If allowed by the Contract and the plan and subject to the terms and conditions imposed by the plan and the plan's loan agreement, you may initiate a loan during the Accumulation Phase from your Account Value allocated to certain Subaccounts and the Fixed Interest Option. There are charges associated with loans. Loans are subject to requirements under the Tax Code and related loan regulations, as well as ERISA (if applicable). Further restrictions may apply due to our administrative practices or those administrative practices of a third-party administrator selected by your Plan Sponsor. **See "LOANS."**

**Systematic Distribution Options.** These allow you to receive regular payments from your account, while retaining the account in the Accumulation Phase. **See "SYSTEMATIC DISTRIBUTION OPTIONS."**

**Withdrawals**. During the Accumulation Phase, you may, under some plans, withdraw all or part of your Account Value. Amounts withdrawn may be subject to deductions, tax withholding and taxation. **See "WITHDRAWALS."**

**Taxation.** Taxes will generally be due when you receive a distribution. Tax penalties may apply in some circumstances. **See "FEDERAL Tax Considerations."**

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**IMPORTANT** **INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT**

**FEES AND EXPENSES**

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| | |
|:---|:---|
| **Are There** **Charges or Adjustments for Early Withdrawals?** | We do not impose a charge for early withdrawals from the Contract. |

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| | |
|:---|:---|
| **Are There** **Transaction Charges?** | **Yes.** The Investor may be charged for the following transactions:<br> • If you take a loan from your Account Value, you may be subject to a Loan Initiation Fee not to exceed $100 per loan. A Loan Interest Rate Spread (which is the difference between the rate charged and the rate credited on loans under your contract) or an Annual Loan administration fee is charged until the loan is repaid.<br> • Certain Funds may impose redemption fees as a result of withdrawals, transfers or other Fund transactions you may initiate.<br>**See "[FEE TABLES –*Transaction Expenses*](#pro_004)*"* and "[CHARGES AND FEES](#pro_009)."** |

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| | |
|:---|:---|
| **Are There** **Ongoing Fees and Expenses?** | **Yes.** The table below describes the fees and expenses that you may pay *each year*, depending on the Variable Investment Options you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected. |

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| |
|:---|
| **Annual Fee** |
| **Base Contract Expenses**1.50%<sup>1,2</sup>&nbsp;&nbsp;&nbsp;&nbsp;1.50%<sup>1,2</sup> |
| **Portfolio Company fees and expenses**0.11%<sup>3</sup>0.95%<sup>3</sup> |

---

<sup>1</sup> As a percentage of average Account Value.

<sup>2</sup> The base contract expenses include (1) a mortality and expense risk charge, which compensates us for the mortality and expense risks we assume under the Contract, including those risks associated with our funding of the death benefit and any guaranteed death benefits; and (2) a $75 annual maintenance fee, (0.000983014% when converted to an annual percentage), which helps defray the administrative expenses we incur in establishing and maintaining the accounts, and may be reduced or eliminated in certain circumstances. The minimum amount reflects these reductions or eliminations, while the maximum amount does not. Additionally, the minimum amount reflects the lower mortality and expense risk charge, and the maximum amount reflects the higher mortality and expense risk charge for the Contracts. **See "CHARGES AND FEES – *Periodic Fees and Charges*."**

<sup>3</sup> As a percentage of Account Value allocated to the Subaccount investing in the Portfolio Company. These expenses, which include management fees, distribution (12b-1) and/or service fees and other expenses, do not take into account any fee waiver or expense reimbursement arrangements that may apply. These expenses are for the year ended December 31, 2025, and will vary from year to year.

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**FEES AND EXPENSES**<br> ***(continued from previous page)***<br>

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| | |
|:---|:---|
| **Are There** **Ongoing Fees and Expenses?** | Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay *each year* based on current charges. This estimate assumes that you do not take withdrawals from the Contract.<br>|

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| | |
|:---|:---|
| &nbsp;&nbsp;**Lowest Annual Cost Estimate:**<br> **$108** | &nbsp;&nbsp;**Highest Annual Cost Estimate:<br> $2,131** |
| &nbsp;&nbsp;Assumes:<br> • Investment of $100,000;<br> • 5% annual appreciation;<br> • No optional benefits;<br> • No loans;<br> • No sales charges; and<br> • No additional Purchase Payments, transfers or withdrawals. | &nbsp;&nbsp;Assumes:<br> • Investment of $100,000;<br> • 5% annual appreciation;<br> • No loans;<br> • No sales charges; and<br> • No additional Purchase Payments, transfers or withdrawals. |
| &nbsp;&nbsp; <br> **See "[FEE TABLES – *Periodic Fees and Expenses*](#pro_004)" and "[CHARGES AND FEES – *Periodic Fees and Charges*.](#pro_009)"** | &nbsp;&nbsp; <br> **See "[FEE TABLES – *Periodic Fees and Expenses*](#pro_004)" and "[CHARGES AND FEES – *Periodic Fees and Charges*.](#pro_009)"** |

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|:---|:---|
| **RISKS** | **RISKS** |
| **Is There a** **Risk of Loss from Poor Performance?**<br>| **Yes.** An Investor can lose money by investing in the Contract. Contact Customer Service at 1-800-584-6001 for questions regarding the Contract.<br>**See "[PRINCIPAL RISKS OF INVESTING IN THE CONTRACT](#pro_005)."** |
| **Is This** **a Short-Term Investment?** | **No.** This Contract is not designed for short-term investing and is not appropriate for an Investor who needs ready access to cash. The Contract is typically most useful as part of a personal retirement plan. You should not participate in this Contract if you are looking for a short-term investment or expect to make withdrawals before you are age 59½.<br>**See "[PRINCIPAL RISKS OF INVESTING IN THE CONTRACT](#pro_005)."** |
| **What Are the** **Risks Associated with the Investment Options?**<br>| An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment option available under the Contract. Each investment option (including the Fixed Interest Option) will have its own unique risks, and you should review these investment options before making an investment decision.<br>**See "[THE INVESTMENT OPTIONS – *The Variable Investment Options*](#pro_008)" and "[APPENDIX A](#pro_020) and [APPENDIX B](#pro_021)."** |
| **What Are the Risks Related to the** **Insurance Company?** | An investment in the Contract is subject to the risks related to VRIAC, including that any obligations, including under the Fixed Interest Option, guarantees or benefits are subject to the financial strength and claims paying ability of VRIAC. More information about VRIAC, including its financial strength and claims paying ability, is available upon request, by contacting Customer Service.<br>**See "[THE CONTRACT – *The General Account*](#pro_010)."** |

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**RESTRICTIONS**

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| | |
|:---|:---|
| **Are There Limits on the Investment Options?** | **Yes.**<br> • Your plan may limit the number of options you may select at any one time. Please refer to your plan documents for more information;<br> • Some Subaccounts and Fixed Interest Options may not be available through your plan. Please refer to your plan documents for a list of Subaccounts and Fixed Interest Options available to you;<br> • The Fixed Interest Option may not be available for current or future investment;<br> • There are certain restrictions on transfers from the Fixed Interest Option;<br> • The Company reserves the right to combine two or more Subaccounts, close Subaccounts or substitute a new Fund for a Fund in which a Subaccount currently invests; and<br> • The Contract is not designed to serve as a vehicle for frequent transfers. We actively monitor Fund transfer and reallocation activity to identify violations of our Excessive Trading Policy. Electronic trading privileges will be suspended if the Company determines, in its sole discretion, that our Excessive Trading Policy has been violated.<br>**See "[THE INVESTMENT OPTIONS – *Selecting Investment Options* and *Right to Change the Separate Account*](#pro_008)*"* and "[THE CONTRACT – *Limits on Frequent or Disruptive Transfers*](#pro_010)."** |
| **Are There any Restrictions on Contract Benefits?** | **Yes.**<br> • We may discontinue or restrict the availability of an optional benefit.<br> • Benefits available to you may vary based on your plan. Please refer to your plan documents for benefits available to you; and Withdrawals may reduce the amount of a death benefit based on premium by more than the amount withdrawn.<br>**See "[THE CONTRACT – *Contract Provisions and Limitations* – The Asset Rebalancing Program](#pro_010)," "[DEATH BENEFIT – Death Benefit Options](#pro_013)," "[SYSTEMATIC DISTRIBUTION OPTIONS – Availability of Systematic Distribution Options](#pro_016)" and "[LOANS – *Availability*](#pro_017)."** |

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**TAXES**

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| | |
|:---|:---|
| **What are the Contract's Tax Implications?** | • You should consult with a tax and/or legal adviser to determine the tax implications of an investment in, and distributions received under, the Contract;<br> • There is no additional tax benefit to the Investor if the Contract is purchased through a tax-qualified plan; and<br> • Withdrawals will be subject to ordinary income tax and may be subject to tax penalties.<br>**See "[FEDERAL TAX CONSIDERATIONS](#pro_018)."** |

---

**CONFLICTS OF INTEREST**

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| | |
|:---|:---|
| **How are Investment Professionals**<br> **Compensated?** | • We pay compensation to broker/dealers whose registered representatives sell the Contract.<br> • Compensation may be paid in the form of commissions or other compensation, depending upon the agreement between the broker/dealers and the registered representative.<br> • Because of this sales-based compensation, an investment professional may have a financial incentive to offer or recommend the Contract over another investment.<br>**See "[OTHER TOPICS – *Contract Distribution*](#pro_019)."** |
| **Should I Exchange My Contract?** | Some investment professionals may have a financial incentive to offer you a new Contract in place of the one you own. You should exchange your contract only if you determine, after comparing the features, fees, and risks of both contracts, and any fees or penalties to terminate the existing contract, that it is preferable for you to purchase the new Contract rather than continue to own the existing contract.<br>**See "[PRINCIPAL RISKS OF INVESTING IN THE CONTRACT](#pro_005)."** |

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**FEE TABLE**

**The following tables describe the fees and expenses that you will pay when buying, owning and surrendering or making withdrawals from the Contract. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected.**

**The first table describes the fees and expenses that you will pay at the time you buy the Contract, surrender, or make withdrawals from the Contract or take a loan from the Contract. State premium taxes may also be deducted.**

**Transaction Expenses**

---

| | |
|:---|:---|
| Loan Initiation Fee<sup>1</sup> | $100.00 |
| Loan Interest Rate Spread (per annum)<sup>2</sup> | 3.00% |
| Annual Loan Administration Fee<sup>3</sup> | $50.00 |
| Premium Tax<sup>4</sup> | 0.00% to 4.00% |

---

 

**The next table describes the fees and expenses that you will pay *each year* during the time that you own the Contract (not including Fund fees and expenses).**

 

**Annual Contract Expenses**

---

| | |
|:---|:---|
| Base Contract Expenses<sup>5,6</sup><br> *(as a percentage of average Account Value)* | 1.50% |
| Annual Maintenance Fee<sup>6</sup> | $75.00 |

---

**The next item shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the Contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of the Funds available under the Contract, including their annual expenses, may be found in APPENDIX A of this Prospectus.**

<sup>1</sup> We reserve the right to change the fee charged for loan initiation, but not to exceed $100. **See "Loans ‒ *Things to Consider Before Initiating a Loan*."**

<sup>2</sup> This is the difference between the rate charged and the rate credited on loans under your Contract. We reserve the right to assess a Loan Interest Rate Spread between 0.0% and 3.0% per annum. If applied, the Loan Interest Rate Spread is generally 2.5% per annum. **See "LOANS ‒ Things to Consider Before Initiating a Loan."**

<sup>3</sup> Certain Contracts that have a 0.0% Loan Interest Rate Spread may be subject to an annual loan administration fee. If assessed, the annual loan maintenance fee will apply to each outstanding Plan Loan and be deducted from the vested individual account value. We reserve the right to change the annual fee charged for loan administration, but the fee shall not exceed $50. **See "Loans ‒ *Things to Consider Before Initiating a Loan*."**

<sup>4</sup> We reserve the right to deduct a charge for premium taxes from your Account Value or from payments to the Account at any time, but not before there is a tax liability under state law. **See "CHARGES AND FEES ‒ Premium and Other Taxes."**

<sup>5</sup> The mortality and expense risk charge, included in the base contract expenses, compensates us for the mortality and expense risks we assume under the Contract, including those risks associated with our funding of the death benefit, including any guaranteed death benefits. **See "CHARGES AND FEES – Periodic Fees and Charges – Mortality and Expense Risk Charge."**

<sup>6</sup> These fees may be waived, reduced, or eliminated in certain circumstances. **See "CHARGES AND FEES."**

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**Annual Fund Expenses**

---

| | | |
|:---|:---|:---|
| ***Total Annual Fund Operating Expenses*** | **Minimum** | **Maximum** |
| Expenses that are deducted from Fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses (as of December 31, 2025). | 0.11% | 0.95% |
| Range of total annual Fund operating expenses after any waivers or expense reimbursements<sup>1</sup><br>| 0.11% | 0.79% |

---

<sup>1</sup> Any expense waivers or reimbursements will remain in effect until at least April 30, 2027, and can only be terminated early with approval by the Fund company's board of directors.

**See "CHARGES AND FEES – *Fund Fees and Expenses*" for additional information about the fees and expenses of the Funds, including information about the revenue we may receive from each of the Funds or the Funds' affiliates.**

**Examples**

**These examples are intended to help you compare the cost of investing in the Variable Investment Options with the cost of investing in other annuity contracts that offer Variable Investment Options. These costs include transaction expenses (assuming no loans), annual Contract expenses and annual Fund expenses.**

**The Example assumes all Contract value is allocated to the Variable Investment Options.**

**The following examples assume that you invest $100,000 in the Variable Investment Options for the time periods indicated. The Examples also assume that your investment has a 5% return each year and assume the most expensive combination of annual Fund expenses. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Example A: If you withdraw your entire Account Value at the end of the applicable time period:** | **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| **Example A: If you withdraw your entire Account Value at the end of the applicable time period:** | $2482 | $7638 | $13060 | $27872 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Example B: If you do not withdraw your entire Account Value or if you select an Income Phase payment option at the end of the applicable time period:**<sup>\*</sup> | **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| **Example B: If you do not withdraw your entire Account Value or if you select an Income Phase payment option at the end of the applicable time period:**<sup>\*</sup> | $2482 | $7638 | $13060 | $27872 |

---

**PRINCIPAL RISKS OF INVESTING IN THE CONTRACT**

The decision to participate or invest in the Contract should be discussed with your financial representative. Make sure that you understand the risks you will face when you consider an investment in the Contract.

**There are risks associated with investing in the Contract.**

&nbsp;&nbsp;&nbsp;&nbsp;• **Market** **Risk** – You bear the risk of any decline in the Account Value caused by the performance of the underlying Funds held by the Subaccounts. Those Funds could decline in value very significantly, and there is a risk of loss of your entire amount invested. The risk of loss varies with each underlying Fund. The investment risks are described in the prospectuses for the underlying Funds.

&nbsp;&nbsp;&nbsp;&nbsp;• **Early Withdrawal Risk** – You should carefully consider the risk associated with early withdrawals. This Contract is not designed for short-term investing and is not appropriate for an Investor who needs ready access to cash. The Contract is typically most useful as part of a personal retirement plan. Early withdrawals may be restricted by the Tax Code or your plan and may expose you to early withdrawal charges or tax penalties. You should not participate in this Contract if you are looking for a short-term investment or expect to make withdrawals before you are age 59½.

&nbsp;&nbsp;&nbsp;&nbsp;• **Account Value Risk** – You bear the risk of any decline in the Account Value caused by the performance of the underlying Funds held by the Subaccounts.

&nbsp;&nbsp;&nbsp;&nbsp;• **Insurance Company Insolvency** – It is possible that we could experience financial difficulty in the future and even become insolvent, and therefore become unable to provide all of the guarantees and benefits that exceed the assets in the Separate Account that we have promised.

&nbsp;&nbsp;&nbsp;&nbsp;• **Contract Changes** – We do not guarantee that each Fund will always be available for investment through the Contract. Subject to certain conditions and restrictions applicable to certain types of retirement plans and state and

 <sup>\*</sup> This example will not apply if during the Income Phase a nonlifetime payment option is elected with variable payments and a lump-sum payment is requested within a certain number of years as specified in the contract. In that case, the lump-sum payment is treated as a withdrawal during the Accumulation Phase. (Refer to Example A.)

 

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federal law and the rules and regulations thereunder, we may, from time to time, combine two or more Subaccounts; close Subaccounts and, unless we receive alternative allocation instructions, allocate all future amounts directed to the Subaccount that was closed or is unavailable among the other available Subaccounts according to the most recent allocation instructions we have on file; or substitute a new Fund for a Fund in which a Subaccount currently invests. Additionally, we may limit your ability to make transfers between investment options if you violate our policy on frequent or disruptive transfers.

&nbsp;&nbsp;&nbsp;&nbsp;• **Contract Benefits** – Loans and withdrawal may reduce the amount of a death benefit based on premium by more than the amount of the loan or withdrawal due to proportional reductions in the premium amount.

&nbsp;&nbsp;&nbsp;&nbsp;• **Tax Consequences** – Early withdrawals may be restricted by the Tax Code or your plan or may expose you to early withdrawal charges or tax penalties. The value of deferred taxation on earnings grows with the amount of time funds are left in the Contract.

&nbsp;&nbsp;&nbsp;&nbsp;• **Short-Term Investment** – You should not participate in this Contract if you are looking for a short-term investment or expect to need to make withdrawals before you are age 59½.

&nbsp;&nbsp;&nbsp;&nbsp;• **Business Disruption and Cybersecurity Risks –** We rely on technology, including interconnected computer systems and data storage networks and digital communications, to conduct our variable product business activities. Because our variable product business is highly dependent upon the effective operation of our computer systems and those of our service providers and other business partners, our business is vulnerable to disruptions from utility outages, and susceptible to operational and information security risks resulting from information systems failure (e.g., hardware and software malfunctions) and cyber-attacks. Cyber-attacks may be systemic (e.g., affecting the internet, cloud services, or other infrastructure) or targeted (e.g., failures in or breach of our systems or those of third parties on whom we rely, including ransomware and malware attacks).

Cybersecurity risks include, but are not limited to, the loss, theft, misuse, corruption, and destruction of data maintained online or digitally, interference with or denial of service, attacks on our website (or the websites of third parties on whom we rely), disruption of routine business operations, and unauthorized release of confidential customer information. The risk of cyber-attacks may be higher during periods of geopolitical turmoil. Due to the increasing sophistication of cyber-attacks, a cybersecurity breach could occur and persist for an extended period of time without detection.

Systems failures and cybersecurity incidents affecting us, our affiliates, the underlying funds, intermediaries, service providers, and other third parties on whom we rely may adversely affect your contract value and interfere with our ability to process contract transactions and calculate contract values. Systems failures and cybersecurity breaches may cause us to be unable to process orders from our website or with the underlying funds, cause us to be unable to calculate unit values and/or the underlying funds to be unable to calculate share values, cause the release or possible destruction of confidential customer and/or business information, impede order processing or cause other operational issues, subject us and our service providers and intermediaries to regulatory fines, litigation, and financial losses, and/or cause reputational damage. Cybersecurity risks may also impact the issuers of securities in which the underlying funds invest, which may cause the underlying funds to lose value.

The preventative actions we take to reduce the frequency and severity of cybersecurity incidents and protect our computer systems may be insufficient to prevent a cybersecurity breach from impacting our operations or your contract value. There can be no assurance that we or the underlying funds or our service providers and intermediaries will be able to avoid cybersecurity breaches affecting your contract.

In addition, we are also exposed to risks related to natural and man-made disasters, including, but not limited to, storms, fires, floods, earthquakes, public health crises, malicious acts, and terrorist acts, which could adversely affect our ability to conduct business. A natural or man-made disaster, including a pandemic (such as COVID-19), could affect the ability of our employees or the employees of our service providers to perform their job responsibilities. They could interfere with our processing of contract transactions, including processing orders from owners and orders with the underlying funds, impact our ability to calculate contract value, or have other adverse impacts on our operations. These events may also negatively affect our service providers and intermediaries, the underlying funds and the issuers of securities in which the underlying funds invest, which may cause the underlying funds to lose value. There can be no assurance that we or the underlying funds or our service providers and intermediaries will be able to avoid negative impacts associated with natural and man-made disasters.

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**THE COMPANY**

The Company issues the Contract described in this Prospectus and is responsible for providing the Contract's insurance and annuity benefits. All guarantees and benefits provided under the Contracts that are not related to the Separate Account are subject to the financial strength and claims paying ability of the Company and our General Account. We are a stock life insurance company organized under the insurance laws of the State of Connecticut in 1976. Prior to January 1, 2002, the Company was known as Aetna Life Insurance and Annuity Company. From January 1, 2002, until August 31, 2014, the Company was known as ING Life Insurance and Annuity Company.

We are an indirect, wholly owned subsidiary of Voya Financial, Inc. ("Voya"), which until April 7, 2014, was known as ING U.S., Inc. In May 2013, the common stock of Voya began trading on the New York Stock Exchange ("NYSE") under the symbol "VOYA."

We are engaged in the business of issuing insurance and annuities and providing financial services in the United States. We are authorized to conduct business in all states, the District of Columbia, Guam, Puerto Rico, and the Virgin Islands. Our principal executive offices are located at:

One Orange Way

Windsor, CT 06095-4774

**Product Regulation.** Our annuity, retirement and investment products are subject to a complex and extensive array of state and federal tax, securities, insurance and employee benefit plan laws and regulations, which are administered and enforced by a number of different governmental and self-regulatory authorities, including state insurance regulators, state securities administrators, state banking authorities, the SEC, the Financial Industry Regulatory Authority ("FINRA"), the Department of Labor, the Internal Revenue Service ("IRS") and the Office of the Comptroller of the Currency. For example, U.S. federal income tax law imposes requirements relating to insurance and annuity product design, administration and investments that are conditions for beneficial tax treatment of such products under the Tax Code. **See "FEDERAL TAX CONSIDERATIONS" for further discussion of some of these requirements.** Additionally, state, and federal securities and insurance laws impose requirements relating to insurance and annuity product design, offering and distribution and administration. Failure to administer product features in accordance with contract provisions or applicable law, or to meet any of these complex tax, securities, or insurance requirements could subject us to administrative penalties imposed by a particular governmental or self-regulatory authority, unanticipated costs associated with remedying such failure or other claims, harm to our reputation, interruption of our operations or adversely impact profitability.

**VARIABLE ANNUITY ACCOUNT C**

We established Variable Annuity Account C (the "Separate Account") under Connecticut law in 1976 as a continuation of the separate account established in 1974 under Arkansas law by Aetna Variable Annuity Life Insurance Company. The Separate Account was established as a segregated asset account to fund variable annuity contracts. The Separate Account is registered as a unit investment trust under the 1940 Act. It also meets the definition of "separate account" under the federal securities laws.

Income, gains, and losses credited to, or charged against, the Separate Account reflect the Separate Account's own investment experience and not the investment experience of VRIAC's other assets. The assets of the Separate Account equal to contract liabilities may not be used to pay any liabilities of VRIAC other than those arising from the Contract. However, Separate Account assets that exceed contract liabilities are subject to any liabilities of VRIAC. VRIAC is obligated to pay all amounts promised to Investors under the Contract.

Information regarding each underlying Fund, including: (1) its name; (2) its investment adviser and any subadviser; (3) current expenses; and (4) performance is available in **APPENDIX A** to this Prospectus. Each Fund has issued a prospectus that contains more detailed information about the Fund. You may obtain paper or electronic copies of those prospectuses by contacting Customer Service at 1-800-584-6001.

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**THE INVESTMENT OPTIONS**

The Contract offers Variable Investment Options and a Fixed Interest Option. The Contract Holder or you, if the Contract Holder permits, directs us to allocate initial Purchase Payments to the investment options available under the plan. Generally, you will specify this information on your enrollment materials. After your enrollment, changes to allocations for future Purchase Payments or the transfer of existing balances among investment options may be requested by contacting Customer Service, electronically at <u>www.voyaretirementplans.com</u>

or through such other means as may be available under our administrative procedures in effect from time to time. Allocations must be in whole percentages, and there may be limitations on the number of investment options that can be selected.

We may add, withdraw, or substitute investment options subject to the conditions in the Contract and in compliance with regulatory requirements.

**The Variable Investment Options**

These options are Subaccounts of the Separate Account. Each Subaccount invests directly in shares of a corresponding mutual Fund. You do not invest directly in or hold shares of the Funds. Contract value allocated to a Subaccount will vary based on the investment experience of the corresponding Fund in which the Subaccount invests. There is a risk of loss of the entire amount invested.

Information regarding each Fund available through the Subaccounts of the Separate Account, including (i) its name, (ii) a brief statement concerning its investment objectives, (iii) its investment adviser and any sub-investment adviser, (iv) current expenses, and (v) performance is available in an appendix to this Prospectus. See **APPENDIX A: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT.** Each Fund has issued a prospectus that contains more detailed information about the Fund. Fund prospectuses, which may be amended from time to time that can be found online at <u>https://vpx.broadridge.com/getcontract1.asp?doctype=pros&dtype=isp&cid=voyavpx&fid=NVA003240</u> or may be obtained, free of charge by contacting Customer Service at 1-800-584-6001 or by sending an email request to <u>ProspectusRequests@voya.com</u>.

There is no guarantee that your Account Value will increase. Depending upon the investment experience of each Fund in which a Subaccount invests, your Account Value may increase or decrease daily. You bear the investment risk for the Funds in which the Subaccounts invest; you will benefit from favorable investment experience but also bear the risk of poor investment performance.

**Selection of Underlying Funds**

The underlying Funds available through the Contract described in this Prospectus are determined by the Company but ultimately selected by the Plan Sponsor. When determining which underlying Funds to make available, we may consider various factors, including, but not limited to, asset class coverage, the alignment of the investment objectives of an underlying Fund with our hedging strategy, the strength of the adviser's or subadviser's reputation and tenure, brand recognition, performance, and the capability and qualification of each investment firm. Another factor that we may consider is whether the underlying Fund or its service providers (e.g., the investment adviser or subadvisers) or its affiliates will make payments to us or our affiliates in connection with certain administrative, marketing, and support services, or whether affiliates of the Fund can provide marketing and distribution support for sales of the Contract. **(For additional information on these arrangements, please refer to the "Revenue from the Funds" subsection of this Prospectus.)** We review the Funds periodically and may, subject to certain limits or restrictions, remove a Fund or limit its availability to new investment if we determine that a Fund no longer satisfies one or more of the selection criteria, and/or if the Fund has not attracted significant allocations under the Contract. We have included certain of the Funds at least in part because they are managed or subadvised by our affiliates.

We do not recommend or endorse any particular Fund, and we do not provide investment advice.

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**Revenue from the Funds**

The Company or its affiliates may receive compensation from each of the Funds or the Funds' affiliates. This revenue may include:

&nbsp;&nbsp;&nbsp;&nbsp;• A
 share of the management fee;

&nbsp;&nbsp;&nbsp;&nbsp;• Service
 fees;

&nbsp;&nbsp;&nbsp;&nbsp;• For
 certain share classes, 12b-1 fees; and

&nbsp;&nbsp;&nbsp;&nbsp;• Additional
 payments (sometimes referred to as revenue sharing).

12b-1 fees are used to compensate the Company and its affiliates for distribution related activity. Service fees and additional payments (sometimes collectively referred to as subaccounting fees) help compensate the Company and its affiliates for administrative, recordkeeping or other services that we provide to the Funds or the Funds' affiliates, such as:

&nbsp;&nbsp;&nbsp;&nbsp;• Communicating
 with customers about their Fund holdings;

&nbsp;&nbsp;&nbsp;&nbsp;• Maintaining
 customer financial records;

&nbsp;&nbsp;&nbsp;&nbsp;• Processing
 changes in customer accounts and trade orders (e.g. purchase and redemption requests);

&nbsp;&nbsp;&nbsp;&nbsp;• Recordkeeping
 for customers, including Subaccounting services;

&nbsp;&nbsp;&nbsp;&nbsp;• Answering
 customer inquiries about account status and purchase and redemption procedures;

&nbsp;&nbsp;&nbsp;&nbsp;• Providing
 account balances, account statements, tax documents and confirmations of transactions in
 a customer's account;

&nbsp;&nbsp;&nbsp;&nbsp;• Transmitting
 proxy statements, annual and semi-annual reports, Fund prospectuses and other Fund
 communications to customers; and

&nbsp;&nbsp;&nbsp;&nbsp;• Receiving,
 tabulating and transmitting proxies executed by customers.

The management fee, service fees and 12b-1 fees are deducted from Fund assets. Any such fees deducted from Fund assets are disclosed in the Fund prospectuses. Additional payments, which are not deducted from Fund assets and may be paid out of the legitimate profits of Fund advisers and/or other Fund affiliates, do not increase, directly or indirectly, Fund fees and expenses, and we may use these additional payments to finance distribution.

The amount of revenue the Company may receive from each of the Funds or from the Funds' affiliates may be substantial, although the amount and types of revenue vary with respect to each of the Funds offered through the Contract. This revenue is one of several factors we consider when determining Contract fees and charges and whether to offer a Fund through our contracts. **Fund revenue is important to the Company's profitability, and it is generally more profitable for us to offer affiliated Funds than to offer unaffiliated Funds.**

**Revenue Received from Unaffiliated Funds.** Revenue received from each of the unaffiliated Funds, or their affiliates is based on an annual percentage of the average net assets held in that Fund by the Company. Some unaffiliated Funds or their affiliates pay us more than others and some of the amounts we receive may be significant.

If the unaffiliated Fund families currently offered through the Contract that made payments to us were individually ranked according to the total amount they paid to the Company or its affiliates in 2025, in connection with the registered variable annuity contracts issued by the Company, that ranking would be as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Neuberger Berman<sup>®</sup>; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• TCW Funds; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•T. Rowe Price Funds &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Touchstone Strategic Trust Funds

In addition to the types of revenue received from affiliated and unaffiliated Funds described above, affiliated, and unaffiliated Funds and their investment advisers, subadvisers or affiliates may participate at their own expense in Company sales conferences or educational and training meetings. In relation to such participation, a Fund's investment adviser, subadviser or affiliate may help offset the cost of the meetings or sponsor events associated with the meetings. In exchange for these expense offset or sponsorship arrangements, the investment adviser, subadviser or affiliate may receive certain benefits and access opportunities to Company representatives and wholesalers rather than monetary benefits. These benefits and opportunities include, but are not limited to co-branded marketing materials, targeted marketing sales opportunities, training opportunities at meetings, training modules for personnel, and opportunities to host due diligence meetings for representatives and wholesalers.

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**Voting Rights**

Each of the Subaccounts holds shares in a Fund and each is entitled to vote at regular and special meetings of that Fund. Under our current view of applicable law, we will vote the shares for each Subaccount as instructed by persons having a voting interest in the Subaccount. If, however, we determine that we are permitted to vote the shares in our own right, we may do so.

Generally, under Contracts issued in connection with section 403(b) and 401 plans, you have a fully vested interest in the value of your employee account, and in your employer account to the extent of your vested percentage in the plan. Therefore, under such plans you generally have the right to instruct the Contract Holder how to direct us to vote shares attributable to your account. We will vote shares for which instructions have not been received in the same proportion as those for which we received instructions. Accordingly, it is possible for a small number of persons (assuming there is a quorum) to determine the outcome of a vote.

Each person who has a voting interest in the Separate Account will receive periodic reports relating to the Funds in which he or she has an interest, as well as any proxy materials and a form on which to give voting instructions. Voting instructions will be solicited by a written communication at least 14 days before the meeting.

The number of votes, whole and fractional, any person is entitled to direct will be determined as of the record date set by any Fund in which that person invests through the Subaccounts. Additionally:

&nbsp;&nbsp;&nbsp;&nbsp;• During
 the Accumulation Phase, the number of votes is equal to the portion of your Account Value
 invested in the Fund, divided by the Net Asset Value of one share of that Fund; and

&nbsp;&nbsp;&nbsp;&nbsp;• During
 the Income Phase, the number of votes is equal to the portion of reserves set aside for the
 Contract's share of the Fund, divided by the Net Asset Value of one share of that Fund.

We may restrict or eliminate any voting rights of persons who have voting rights as to the Separate Account.

**Right to Change the Separate Account**

We do not guarantee that each Fund will always be available for investment through the Contract. Subject to certain conditions and restrictions applicable to certain types of retirement plans and state and federal law and the rules and regulations thereunder and subject to limitations under certain contracts or in relation to certain plans or types of plans (e.g. plans subject to ERISA), we may, from to time, make any of the following changes to the Separate Account with respect to the class of Contracts:

&nbsp;&nbsp;&nbsp;&nbsp;• Offer
 additional Subaccounts that will invest in new Funds or Fund classes we find appropriate
 for contracts we issue;

&nbsp;&nbsp;&nbsp;&nbsp;• Combine
 two or more Subaccounts;

&nbsp;&nbsp;&nbsp;&nbsp;• Close
 Subaccounts. We will provide advance notice by a supplement to this Prospectus if
 we close a Subaccount. If a Subaccount is closed or otherwise is unavailable for new investment,
 unless we receive alternative allocation instructions, all future amounts directed to the
 Subaccount that was closed or is unavailable may be automatically allocated among the other
 available Subaccounts according to the most recent allocation instructions we have on file.
 If the most recent allocation instructions we have on file do not include any available Subaccounts,
 the amount to be allocated will be returned unless we are provided with alternative allocation
 instructions. Alternative allocation instructions can be given by contacting Customer Service **;** 

&nbsp;&nbsp;&nbsp;&nbsp;• Substitute
 a new Fund for a Fund in which a Subaccount currently invests. In the case of a substitution,
 the new Fund may have different fees and charges than the Fund it replaced. A substitution
 may become necessary if, in our judgment:

&nbsp;&nbsp;&nbsp;&nbsp;• A
 Fund no longer suits the purposes of your Contract;

&nbsp;&nbsp;&nbsp;&nbsp;• There
 is a change in laws or regulations;

&nbsp;&nbsp;&nbsp;&nbsp;• There
 is a change in the Fund's investment objectives or restrictions;

&nbsp;&nbsp;&nbsp;&nbsp;• The
 Fund is no longer available for investment; or

&nbsp;&nbsp;&nbsp;&nbsp;• Another
 reason we deem a substitution is appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;• Stop
 selling the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;• Limit
 or eliminate any voting rights for the Separate Account; or

&nbsp;&nbsp;&nbsp;&nbsp;• Make
 any changes required by the 1940 Act or its rules or regulations.

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We will not make a change until the change is disclosed in an effective Prospectus or Prospectus supplement, authorized, if necessary, by an order from the SEC and approved, if necessary, by the appropriate state insurance department(s).

The changes described above do not include those changes that may, if allowed under your plan, be initiated by your Plan Sponsor.

We reserve the right to transfer Separate Account assets to another separate account that we determine to be associated with the class of Contracts to which the Contract belongs.

**Fixed Interest Options**

For descriptions of the Fixed Interest Option that may be available through the Contract, see **AppendiX B**.

**Selecting Investment Options**

When selecting investment options:

&nbsp;&nbsp;&nbsp;&nbsp;• **Choose options appropriate for you.** Your local representative can help you evaluate which Subaccounts
 or Fixed Interest Options may be appropriate for your individual circumstances and your financial
 goals;

&nbsp;&nbsp;&nbsp;&nbsp;• **Understand the risks associated with the options you choose.** Some Subaccounts invest in Funds that
 are considered riskier than others. Funds with additional risks are expected to have a value
 that rises and falls more rapidly and to a greater degree than other Funds. For example,
 Funds investing in foreign or international securities are subject to additional risks not
 associated with domestic investments, and their performance may vary accordingly. Also, Funds
 using derivatives in their investment strategy may be subject to additional risks. Because
 investment risk is borne by you, you should carefully consider any decisions that you make
 regarding investment allocations. You bear the risk of any decline in your Account Value
 resulting from the performance of the Funds you have chosen; and

&nbsp;&nbsp;&nbsp;&nbsp;• **Be informed.** Read this Prospectus , all of the information that is available to you
 regarding the Funds - including each Fund's prospectus , SAI and annual and semi-annual
 reports, the fund prospectuses , and the Fixed Interest Option appendix. After you
 make your selections, you should monitor and periodically re-evaluate your allocations to
 determine if they are still appropriate.

Furthermore, be aware that there may be:

&nbsp;&nbsp;&nbsp;&nbsp;• **Limits on Option Availability.** Some Subaccounts and Fixed Interest Options may not be available
 through certain Contracts and plans. Your Plan Sponsor may also have selected a subset of
 Variable Investment and/or Fixed Interest Options to be available under your plan. Please
 refer to your plan documents for more information; and

&nbsp;&nbsp;&nbsp;&nbsp;• **Limits on Number of Options Selected.** Your plan may limit the number of options you may select
 at any one time. Please refer to your plan documents for more information.

**CHARGES AND FEES**

The charges we assess and the deductions we make under the Contract are in consideration for: (1) the services and benefits we provide; (2) the costs and expenses we incur; and (3) the risks we assume. The charges and fees under the Contract may result in a profit to us.

The following repeats and adds to information provided in the "**Fee Table**" section. Please review both this section and the "**Fee Table**" section for information on fees.

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**Transaction Fees**

**Loan Initiation Fee**

For a discussion of the charges that may be associated with loans, please see "**LOANS – *Things to Consider Before Initiating a Loan***."

**Fund Redemption Fees**

Certain Funds may impose redemption fees as a result of withdrawals, transfers, or other Fund transactions you initiate. If applicable, we may deduct the amount of any redemption fees imposed by the underlying mutual Funds as a result of withdrawals, transfers or other Fund transactions you initiate. Redemption fees, if any, are separate and distinct from any transaction charges or other charges deducted from your Account Value. For a more complete description of the Funds' fees and expenses, review each Fund's prospectus.

**Periodic Fees and Charges**

**Annual Maintenance Fee**

**Maximum Amount.** $75.00

**When/How.** Each year during the Accumulation Phase, we deduct this fee on your Account Anniversary and, in some cases, at the time of full withdrawal. Under some Contracts we may also deduct this fee annually on the anniversary of the issue date of the Contract, rather than on your Account Anniversary. It is deducted annually on a proportional basis from your Account Value invested in the Subaccounts and the Fixed Interest Options. Under some plans we deduct the annual maintenance fee from both employer and employee accounts, in which case we may deduct one-half the fee from each account, proportionally from your Account Value invested in the Subaccounts and Fixed Interest Options. We may also deduct all or a portion of the annual maintenance fee from a Roth 403(b) account. Under some plans, your employer elects whether the fee is deducted from the employee account, employer account, or a portion from each. The Company may send a bill to your employer at or prior to such deduction.

**Purpose.** This fee helps defray the administrative expenses we incur in establishing and maintaining your account. It may also be used to defray plan administration costs that the Company has agreed to pay, if applicable.

**Increase, Reduction or Elimination.** The annual maintenance fee may vary (be increased (but not above the maximum amount shown above), reduced or eliminated), as described in the Contract. When a plan meets certain criteria, we may reduce, waive or eliminate the annual maintenance fee. Factors we consider reflect differences in our level of administrative costs and services, such as:

&nbsp;&nbsp;&nbsp;&nbsp;• The
 size, type and nature of the group to which a Contract is issued;

&nbsp;&nbsp;&nbsp;&nbsp;• Amount
 of contributions to the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;• The
 expected level of assets under the plan (under some Contracts, we may aggregate accounts
 under different contracts issued by the Company to the same Contract Holder);

&nbsp;&nbsp;&nbsp;&nbsp;• The
 anticipated level of administrative expenses, such as billing for payments, producing periodic
 reports, providing for the direct payment of account charges rather than having them deducted
 from Account Values and any other factors pertaining to the level and expense of administrative
 services we will provide; and

&nbsp;&nbsp;&nbsp;&nbsp;• The
 number of eligible participants and the program's participation rate.

Due to factors on which the annual maintenance fee is based, it is possible that it may increase, decrease, or be eliminated from year to year as the characteristics of the group change.

We will not unfairly discriminate against any group if we increase, reduce or eliminate the annual maintenance fee. We will make any increase, reduction or elimination according to our own rules in effect at the time we approve the application for a Contract. We reserve the right to change these rules from time to time. Any increase will not result in an annual maintenance fee in excess of the maximum amount shown above and in the "**FEE TABLE**."

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**Fund Fees and Expenses**

Charges are deducted from and expenses paid out of the assets of the Funds that are described in their respective prospectuses. Each Fund deducts management/investment advisory fees from the amounts allocated to the Fund. In addition, each Fund deducts other expenses, which may include service fees that may be used to compensate service providers, including the Company and its affiliates, for administrative and Contract Holder services provided on behalf of the Fund. Furthermore, certain Funds deduct a distribution or 12b-1 fee, which is used to finance any activity that is primarily intended to result in the sale of Fund shares. Fund fees and expenses are deducted from the value of the Fund shares on a daily basis, which in turn affects the value of each Subaccount that purchases Fund shares. Fund fees and expenses are one factor that impacts the value of a Fund's shares. **To learn more about Fund fees and expenses, the additional factors that can affect the value of a Fund's shares and other important information about the Funds, refer to the Fund prospectuses.**

Less expensive share classes of the Funds offered through this Contract may be available for investment outside of this Contract. You should evaluate the expenses associated with the Funds available through this Contract before making a decision to invest.

**Premium and Other Taxes**

**Maximum Amount.** Some states and municipalities charge a premium tax on annuities. These taxes currently range from 0% to 4%, depending upon the jurisdiction.

**When/How.** We reserve the right to deduct a charge for premium taxes from your Account Value or from Purchase Payments to the account at any time, but not before there is a tax liability under state law. For example, we may deduct a charge for premium taxes at the time of a complete withdrawal or we may reflect the cost of premium taxes in our Income Phase payment rates when you commence Income Phase payments. Unless directed otherwise, we will deduct any premium tax charges proportionately from the Subaccounts and Fixed Interest Options in which you are invested.

We will not deduct a charge for any municipal premium tax of 1% or less, but we reserve the right to reflect such an expense in our annuity purchase rates.

In addition, the Company reserves the right to assess a charge for any federal taxes due against the Separate Account. **See "FEDERAL Tax Considerations."**

**During the Income Phase**

**Charges Deducted.** When you select one of the variable Income Phase Payment options listed in the Income Phase Payment Option tables, a mortality and expense risk charge, consisting of a daily deduction of up to 1.25% on an annual basis, will be deducted from amounts held in the Subaccounts. This charge compensates us for mortality and expense risks we assume under variable Income Phase Payment options. Mortality risks are those risks associated with our promise to make lifetime payments based on annuity rates specified in the Contract. Expense risk is the risk that the actual expenses we incur under the Contract during the Income Phase will exceed the maximum amount that we can charge. The mortality and expense risk charge is applicable to all variable Income Phase Payment options, including variable nonlifetime options under which we do not assume mortality risk. In this situation, this charge will be used to cover the expenses associated with making Income Phase Payments. Although we expect to earn a profit from this fee, we do not always do so. For variable options under which we do not assume a mortality risk, we may make a larger profit than under other options. We may also deduct a daily administrative charge of up to 0.25% annually from amounts held in the Subaccounts. This charge helps defray the cost of providing administrative services under the Contract during the income phase in relation to the Separate Account and Subaccounts.

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**THE CONTRACT**

When considering whether to purchase or participate in the Contract, you should consult with your financial representative about your financial goals, investment time horizon and risk tolerance.

Some plans under Tax Code Sections 401 and 403(b) are subject to Title I of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). The Contract Holder must notify the Company whether Title I of ERISA applies to the plan.

Under the federal tax laws, earnings on amounts held in annuity contracts are generally not taxed until they are withdrawn. However, in the case of a qualified retirement account (such as a 401(a), 403(b) or Roth 403(b) plan), an annuity contract is not necessary to obtain this favorable tax treatment and does not provide any tax benefits beyond the deferral already available to the tax qualified account itself. Annuities do provide other features and benefits (such as guaranteed death benefits under some contracts or the option of lifetime Income Phase options at established rates) that may be valuable to you. You should discuss your alternatives with your financial representative taking into account the additional fees and expenses you may incur in an annuity. **See "Contract Purchase and Participation."**

Certain features and benefits may vary depending on the state in which your Contract is issued, and any such material state variations are disclosed in the discussion of the features and benefits in the prospectus. Variations in contract benefits or features described in this prospectus may be imposed without our knowledge by some financial institutions or broker-dealers through which the Contract was sold. For example, your financial professional may not recommend a particular Portfolio or contract benefit to you or your plan. Because of the breadth of our distribution network, our agreements with our distribution partners and the fact that the Contract is an older legacy annuity product that has not been offered for sale for a significant period of time, we cannot obtain pertinent information regarding such variations without unreasonable effort and expense. If you have any questions about any limitations, restrictions, or other variations related to the Portfolios, contract benefits or other contract features available to you, please reach out to your financial institution or broker-dealer.

**Contract Ownership and Rights**

**Who Owns the Contract?** The Contract Holder.

**Who Owns Money Accumulated Under the Contract?**

&nbsp;&nbsp;&nbsp;&nbsp;• **Under 401(a), 403(b) or Roth 403(b) Plans.** Under the Contract, we may establish one or more
 accounts for you. Generally, we establish an employee account to receive salary reduction
 and rollover amounts and an employer account to receive employer contributions. You have
 the right to the value of your employee account and any employer account to the extent you
 are Vested as interpreted by the Contract Holder;

**Who Holds Rights Under the Contract?** The terms of the annuity contract will determine who holds rights under the Contract, which can vary based on the provisions of a particular plan:

&nbsp;&nbsp;&nbsp;&nbsp;• Under
 some Contracts, the Contract Holder holds all rights under the Contract but may permit you
 to exercise some of those rights. For example, the Contract Holder may allow you to choose
 investment options; and

&nbsp;&nbsp;&nbsp;&nbsp;• Under
 other Contracts, including most group contracts issued through a voluntary 403(b) or Roth
 403(b) plan and you generally hold all rights under the Contract and may make elections for
 your accounts. However, pursuant to Treasury Department regulations the exercise of certain
 of these rights may require the consent and approval of the Plan Sponsor or its delegate. **See "FEDERAL Tax Considerations – Distributions – Eligibility – 403(b) and Roth 403(b) Plans."** 

For additional information about the respective rights of the Contract Holder and participants, see **Appendix F**.

**What Happens if You Die?** The Contract provides a death benefit in the event of your death, which is payable to the Beneficiary named under the Contract (the "Contract Beneficiary"):

&nbsp;&nbsp;&nbsp;&nbsp;• Under
 Contracts issued in connection with most types of plans except most voluntary 403(b) and
 Roth 403(b) plans, the Contract Holder must be named as the Contract Beneficiary, but may
 direct that we make any payments to the Beneficiary you name under the plan (the "Plan
 Beneficiary"); and

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&nbsp;&nbsp;&nbsp;&nbsp;• Under
 most group Contracts issued in connection with voluntary 403(b) and Roth 403(b) plans, you
 may generally designate your own Contract Beneficiary who will normally be your Plan Beneficiary,
 as well.

**Transfer of Ownership; Assignment**

The Tax Code restricts the assignment of Contracts. In the limited situations in which a Contract may be assigned, an assignment of a Contract will only be binding on us if it is made in writing and sent to Customer Service. We will use reasonable procedures to confirm that the assignment is authentic, including verification of signature. If we fail to follow our own procedures, we will be liable for any losses to you directly resulting from the failure. Otherwise, we are not responsible for the validity of any assignment. The rights of the Contract Holder and the interest of the Annuitant and any Beneficiary will be subject to the rights of any assignee we have on our records.

**The Account Value**

During the Accumulation Phase, your Account Value at any given time equals:

&nbsp;&nbsp;&nbsp;&nbsp;• Account
 dollars directed to the Fixed Interest Option, including interest earnings to date; less

&nbsp;&nbsp;&nbsp;&nbsp;• Any
 deductions from the Fixed Interest Option (e.g., withdrawals, fees); plus

&nbsp;&nbsp;&nbsp;&nbsp;• The
 current dollar value of amounts held in the Subaccounts, which takes into account investment
 performance and fees deducted from the Subaccounts.

**Subaccount Accumulation Units.** When a Fund is selected as an investment option, your account dollars invest in Accumulation Units of the Variable Annuity Account C Subaccount corresponding to that Fund. The Subaccount invests directly in the Fund shares. The value of your interests in a Subaccount is expressed as the number of Accumulation Units you hold multiplied by an "Accumulation Unit Value," as described below, for each unit. Transfers, withdrawals and the payment of fees out of Account Value in the Subaccounts will result in the cancellation of Subaccount Accumulation Units.

**Accumulation Unit Value.** The value of each Accumulation Unit in a Subaccount is called the Accumulation Unit Value ("AUV"). The AUV varies daily in relation to the underlying Fund's investment performance. The AUV also reflects deductions for Fund fees and expenses, if any. We discuss these deductions in more detail in "**Fee Table**" and "**CHARGES AND Fees**."

**Valuation.** We determine the AUV every normal business day that the NYSE is open, after the close of the NYSE (normally at 4:00 p.m. Eastern Time). At that time, we calculate the current AUV by multiplying the AUV last calculated by the Net Investment Factor of the Subaccount. The Net Investment Factor measures the investment performance of the Subaccount from one valuation to the next.

Current AUV = Prior AUV x Net Investment Factor

**Net Investment Factor.** The Net Investment Factor for a Subaccount between two consecutive valuations equals the sum of 1.0000 plus the Net Investment Rate.

**Net Investment Rate.** The Net Investment Rate is computed according to a formula that is equivalent to the following:

&nbsp;&nbsp;&nbsp;&nbsp;• The
 net assets of the Fund held by the Subaccount as of the current valuation; minus

&nbsp;&nbsp;&nbsp;&nbsp;• The
 net assets of the Fund held by the Subaccount at the preceding valuation; plus or minus

&nbsp;&nbsp;&nbsp;&nbsp;• Taxes
 or provisions for taxes, if any, due to Subaccount operations (with any federal income tax
 liability offset by foreign tax credits to the extent allowed); divided by

&nbsp;&nbsp;&nbsp;&nbsp;• The
 total value of the Subaccount's units at the preceding valuation; and minus

&nbsp;&nbsp;&nbsp;&nbsp;• A
 daily deduction for any fees deducted daily from investments in the Separate Account. **See "CHARGES AND Fees ."** 

The net investment rate may be either positive or negative.

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**Hypothetical Illustration**

As a hypothetical illustration, assume that an Investor contributes $5,000 to his account and directs us to invest $3,000 in Fund A and $2,000 in Fund B. After receiving the contribution and following the next close of business of the NYSE, the applicable AUVs are $10 for Subaccount A, and $25 for Subaccount B. The Investor's account is credited with 300 Accumulation Units of Subaccount A and 80 Accumulation Units of Subaccount B.

**Step 1:** An Investor contributes $5,000.

**Step 2:**

&nbsp;&nbsp;&nbsp;&nbsp;• He
 directs us to invest $3,000 in Fund A. The dollars purchase 300 Accumulation Units of Subaccount
 A ($3,000 divided by the current $10 AUV); and

&nbsp;&nbsp;&nbsp;&nbsp;• He
 directs us to invest $2,000 in Fund B. The dollars purchase 80 Accumulation Units of Subaccount
 B ($2,000 divided by the current $25 AUV).

**Step 3:** The Separate Account then purchases shares of the applicable Funds at the then current market value (Net Asset Value or NAV).

The Fund's subsequent investment performance, expenses and charges, and the daily charges deducted from the Subaccount, will cause the AUV to move up or down on a daily basis.

**Purchase Payments to Your Account**

If all or a portion of initial Purchase Payments are directed to the Subaccounts, they will purchase Subaccount Accumulation Units at the AUV next computed after our acceptance of the applicable application or enrollment forms, as described in "**CONTRACT PURCHASE AND PARTICIPATION**." Subsequent Purchase Payments or transfers directed to the Subaccounts that we receive in Good Order by the close of business of the NYSE will purchase Subaccount Accumulation Units at the AUV computed as of the close of the NYSE on that day. The value of Subaccounts may vary day to day. Subsequent Purchase Payments and transfers received in Good Order after the close of the NYSE will purchase Accumulation Units at the AUV computed as of the close of the NYSE on the next business day.

**Contract Provisions and Limitations**

**Account Termination**

Where allowed by state law, we reserve the right to terminate an individual account if contributions have not been made to the account for a period of two full years and the guaranteed monthly benefit under the Income Phase options would be less than $20 monthly. We will notify you or the Contract Holder 90 days prior to terminating the account.

**Allocation of Purchase Payments**

All Purchase Payments are allocated to your Account Value on the Valuation Date of their receipt. The Contract Holder or you, if the Contract Holder permits, directs us to allocate Purchase Payments to the investment options available under the plan. Allocations must be in whole percentages, and there may be limitations on the number of investment options that can be selected. If the most recent allocation instructions we have on file include a Subaccount that corresponds to an underlying Fund that is closed to new investment or is otherwise unavailable, additional Purchase Payments received that would have been allocated to the Subaccount corresponding to the closed or otherwise unavailable Fund may be automatically allocated among the other available Subaccounts according to the most recent allocation instructions we have on file. If the most recent allocation instructions we have on file do not include any available Subaccounts, we must receive alternative allocation instructions, or the Purchase Payment will be returned. Alternative allocation instructions can be given by contacting Customer Service. **See "THE INVESTMENT OPTIONS."**

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**Transfers Among Investment Options**

During the Accumulation Phase and, under some Contracts, the Income Phase, the Contract Holder, or you, if permitted by the plan, may transfer amounts among the investment options. Transfers from Fixed Interest Options are restricted as outlined in **APPENDIX B**. Transfers may be requested by telephone, electronically at <u>www.voyaretirementplans.com</u> or through such other means as may be available under our administrative procedures in effect from time to time. Transfers must be made in accordance with the terms of the Contract.

**Value of Transferred Dollars.** The value of amounts transferred in or out of Subaccounts will be based on the Subaccount AUV next determined after Customer Service receives your request in Good Order or if you are participating in the asset rebalancing program, after your scheduled transfer or reallocation.

**Telephone and Electronic Transfers: Security Measures.** To prevent fraudulent use of telephone or electronic transactions (including, but not limited to, internet transactions), we have established security procedures. These include recording calls on our toll-free telephone lines and requiring use of a unique identifier or personal password. You are responsible for keeping your unique identifier or personal password and account information confidential. If we fail to follow reasonable security procedures, we may be liable for losses due to unauthorized or fraudulent telephone or other electronic transactions. We are not liable for losses resulting from following telephone or electronic instructions we believe to be genuine. If a loss occurs when we rely on such instructions, you will bear the loss.

**Tax Code Restrictions**

The Tax Code places some limitations on contributions to your account. **See "FEDERAL Tax Considerations."**

**The Asset Rebalancing Program**

Our asset rebalancing program may be available in connection with certain Contracts. Asset rebalancing allows you to reallocate your Account Value in the investments and percentages you identify. We automatically reallocate your Account Value annually (or more frequently as we allow). Asset rebalancing neither ensures a profit nor guarantees against loss in a declining market. There is no additional charge for this program. If available for your Contract, you may elect the asset rebalancing program by contacting Customer Service at 1-800-584-6001, electronically at <u>www.voyaretirementplans.com</u> or through such other means as may be available under our administrative procedures in effect from time to time. The Company may change or discontinue the asset rebalancing program at any time.

Subaccount reallocations or changes outside of the asset rebalancing program may affect the program. Changes such as Fund mergers, substitutions or closures may also affect the program.

**Transfers Between Individual Accounts**

We may establish one or more accounts for you. As permitted by your plan and if allowed under the Contract, you may transfer assets from one account to another. Any such transfer will be subject to the restrictions, conditions and limits established by your plan or set forth in the Contract.

**The General Account**

All guarantees and benefits provided under the Contract that is not related to the Separate Account are subject to the claims paying ability and financial strength of the Company and our General Account.

The following obligations under the Contract are funded by the General Account which supports our insurance and annuity obligations:

&nbsp;&nbsp;&nbsp;&nbsp;• Amounts
 allocated to the Fixed Plus Account II;

&nbsp;&nbsp;&nbsp;&nbsp;• Amounts
 funding fixed Income Phase Payments;

&nbsp;&nbsp;&nbsp;&nbsp;• Death
 benefit payments held in an interest bearing retained asset account; and

&nbsp;&nbsp;&nbsp;&nbsp;• Where
 the amount of the death benefit exceeds the Account Value.

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**Contract Modification**

We may change the Contract as required by federal or state law. In addition, unless we are otherwise restricted under the terms of the Contract, we may generally, upon 30 days' written notice to the Contract Holder (some Contracts may require a longer notice period), make other changes to group Contracts, including changes to the tables for determining the amount of Income Phase payment or the Income Phase options available, that would apply only to individuals who become participants under that contract after the effective date of such changes. If the group Contract Holder does not agree to a change, we reserve the right to refuse to establish new accounts under the Contract, and under some Contracts, to discontinue accepting payments to existing accounts. Certain changes will require the approval of appropriate state or federal regulatory authorities.

We reserve the right to amend the Contract to include any future changes required to maintain the Contract (and the Roth 403(b) account) as a designated Roth 403(b) annuity contract (or account) under the Tax Code, regulations, IRS rulings and requirements.

**Limits on Frequent or Disruptive Transfers**

The Contract is not designed to serve as a vehicle for frequent transfers. Frequent transfer activity can disrupt management of a Fund and raise its expenses through:

&nbsp;&nbsp;&nbsp;&nbsp;• Increased
 trading and transaction costs;

&nbsp;&nbsp;&nbsp;&nbsp;• Forced
 and unplanned portfolio turnover;

&nbsp;&nbsp;&nbsp;&nbsp;• Lost
 opportunity costs; and

&nbsp;&nbsp;&nbsp;&nbsp;• Large
 asset swings that decrease the Fund's ability to provide maximum investment return
 to all Contract Owners and participants.

This in turn can have an adverse effect on Fund performance. **Accordingly, individuals or organizations that use market-timing investment strategies or make frequent transfers should be aware that:**

&nbsp;&nbsp;&nbsp;&nbsp;• **We suspend the Electronic Trading Privileges, as defined below, of any individual or organization if we determine, in our sole discretion, that the individual's or organization's transfer activity is disruptive or not in the best interest of other owners of our variable insurance and retirement products, or the participant's in such products; and** 

&nbsp;&nbsp;&nbsp;&nbsp;• **Each underlying Fund may limit or restrict Fund purchases, and we will implement any limitation or restriction on transfers to an underlying Fund as directed by that underlying Fund.** 

**Consequently, individuals or organizations that use market-timing investment strategies or make frequent transfers should not purchase or participate in the Contract.**

**Excessive Trading Policy**

We and the other members of the Voya family of companies that provide multi-Fund variable insurance and retirement products have adopted a common Excessive Trading Policy to respond to the demands of the various Fund families that make their Funds available through our products to restrict excessive Fund trading activity and to ensure compliance with Rule 22c-2 of the 1940 Act.

We actively monitor Fund transfer and reallocation activity within our variable insurance products to identify violations of our Excessive Trading Policy. Our Excessive Trading Policy is violated if Fund transfer and reallocation activity:

&nbsp;&nbsp;&nbsp;&nbsp;• Meets
 or exceeds our current definition of Excessive Trading, as defined below; or

&nbsp;&nbsp;&nbsp;&nbsp;• Is
 determined, in our sole discretion, to be disruptive or not in the best interests of other
 owners of our variable insurance and retirement products, or participants in such products.

We currently define "Excessive Trading" as:

&nbsp;&nbsp;&nbsp;&nbsp;• More
 than one purchase and sale of the same Fund (including money market Funds) within a 60-calendar
 day period (hereinafter, a purchase and sale of the same Fund is referred to as a "round-trip").
 This means two or more round-trips involving the same Fund within a 60 calendar day period
 would meet our definition of Excessive Trading; or

&nbsp;&nbsp;&nbsp;&nbsp;• Six
 round-trips involving the same Fund within a rolling 12 month period.

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The following transactions are excluded when determining whether trading activity is excessive:

&nbsp;&nbsp;&nbsp;&nbsp;• Purchases
 or sales of shares related to non-Fund transfers (for example, new Purchase Payments, withdrawals
 and loans);

&nbsp;&nbsp;&nbsp;&nbsp;• Transfers
 associated with any scheduled dollar cost averaging, scheduled rebalancing, or scheduled
 asset allocation programs;

&nbsp;&nbsp;&nbsp;&nbsp;• Purchases
 and sales of Fund shares in the amount of $5,000 or less;

&nbsp;&nbsp;&nbsp;&nbsp;• Purchases
 and sales of Funds that affirmatively permit short-term trading in their Fund shares, and
 movement between such Funds and a money market Fund; and

&nbsp;&nbsp;&nbsp;&nbsp;• Transactions
 initiated by us, another member of the Voya family of companies, or a Fund.

If we determine that an individual or entity has made a purchase of a Fund within 60 days of a prior round-trip involving the same Fund, we will send them a letter warning that another sale of that same Fund within 60 days of the beginning of the prior round-trip will be deemed to be Excessive Trading and result in a six month suspension of their ability to initiate Fund transfers or reallocations through the Internet, facsimile, Voice Response Unit ("VRU"), telephone calls to Customer Service or other electronic trading medium that we may make available from time to time ("Electronic Trading Privileges"). Likewise, if we determine that an individual or entity has made five round-trips involving the same Fund within a rolling 12 month period, we will send them a letter warning that another purchase and sale of that same Fund within 12 months of the initial purchase in the first round-trip will be deemed to be Excessive Trading and result in a suspension of their Electronic Trading Privileges. According to the needs of the various business units, a copy of any warning letters may also be sent, as applicable, to the person(s) or entity authorized to initiate Fund transfers or reallocations, the agent/registered representative, or the investment adviser for that individual or entity. A copy of the warning letters and details of the individual's or entity's trading activity may also be sent to the Fund whose shares were involved in the trading activity.

If we determine that an individual or entity has violated our Excessive Trading Policy, we will send them a letter stating that their Electronic Trading Privileges have been suspended for a period of six months. Consequently, all Fund transfers or reallocations, not just those that involve the Fund whose shares were involved in the activity that violated our Excessive Trading Policy, will then have to be initiated by providing written instructions to us via regular U.S. mail. Suspension of Electronic Trading Privileges may also extend to products other than the product through which the Excessive Trading activity occurred. During the six-month suspension period, electronic "inquiry only" privileges will be permitted where and when possible. A copy of the letter restricting future transfer and reallocation activity to regular U.S. mail and details of the individual's or entity's trading activity may also be sent, as applicable, to the person(s) or entity authorized to initiate Fund transfers or reallocations, the agent/registered representative or investment adviser for that individual or entity, and the Fund whose shares were involved in the activity that violated our Excessive Trading Policy.

Following the six-month suspension period during which no additional violations of our Excessive Trading Policy are identified, Electronic Trading Privileges may again be restored. We will continue to monitor the Fund transfer and reallocation activity, and any future violations of our Excessive Trading Policy will result in an indefinite suspension of Electronic Trading Privileges. A violation of our Excessive Trading Policy during the six-month suspension period will also result in an indefinite suspension of Electronic Trading Privileges.

We reserve the right to suspend Electronic Trading Privileges with respect to any individual or entity, with or without prior notice, if we determine, in our sole discretion, that the individual's or entity's trading activity is disruptive or not in the best interests of other owners of our variable insurance and retirement products, or participants in such products, regardless of whether the individual's or entity's trading activity falls within the definition of Excessive Trading set forth above.

Our failure to send or an individual's or entity's failure to receive any warning letter or other notice contemplated under our Excessive Trading Policy will not prevent us from suspending that individual's or entity's Electronic Trading Privileges or taking any other action provided for in our Excessive Trading Policy.

The Company does not allow exceptions to our Excessive Trading Policy. We reserve the right to modify our Excessive Trading Policy, or the policy as it relates to a particular Fund, at any time without prior notice, depending on, among other factors, the needs of the underlying Fund(s), the best interests of Contract Owners, participants, and Fund investors, and/or state or federal regulatory requirements. If we modify our policy, it will be applied uniformly to all Contract Owners and participants or, as applicable, to all Contract Owners and participants investing in the underlying Fund.

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Our Excessive Trading Policy may not be completely successful in preventing market-timing or excessive trading activity. If it is not completely successful, Fund performance and management may be adversely affected, as noted above.

**Limits Imposed by the Underlying Funds**

Each underlying Fund available through the variable insurance and retirement products offered by us and/or the other members of the Voya family of companies, either by Prospectus or stated policy, has adopted, or may adopt its own excessive/frequent trading policy, and orders for the purchase of Fund shares are subject to acceptance or rejection by the underlying Fund. We reserve the right, without prior notice, to implement Fund purchase restrictions and/or limitations on an individual or entity that the Fund has identified as violating its excessive/frequent trading policy and to reject any allocation or transfer request to a Subaccount if the corresponding Fund will not accept the allocation or transfer for any reason. All such restrictions and/or limitations (which may include, but are not limited to, suspension of Electronic Trading Privileges and/or blocking of future purchases of a Fund or all Funds within a Fund family) will be done in accordance with the directions we receive from the Fund.

**Agreements to Share Information with Fund Companies**

As required by Rule 22c-2 under the 1940 Act, we have entered into information sharing agreements with each of the Fund companies whose Funds are offered through the Contract. Contract Owner and participant trading information is shared under these agreements as necessary for the Fund companies to monitor Fund trading and our implementation of our Excessive Trading Policy. Under these agreements, the Company is required to share information regarding Contract Owner and participant transactions, including but not limited to information regarding Fund transfers initiated by you. In addition to information about Contract Owner and participant transactions, this information may include personal Contract Owner and participant information, including names and social security numbers or other tax identification numbers.

As a result of this information sharing, a Fund company may direct us to restrict a Contract Owner or participant's transactions if the Fund determines that the Contract Owner or participant has violated the Fund's excessive/frequent trading policy. This could include the Fund directing us to reject any allocations of Purchase Payments or Account Value to the Fund or all Funds within the Fund family.

**THE INCOME PHASE**

During the Income Phase, you receive payments from your accumulated Account Value.

**Initiating Income Phase Payments**

At least 30 days prior to the date you want to start receiving Income Phase payments, the Contract Holder or you, if permitted by the plan, must notify us in writing of the following:

&nbsp;&nbsp;&nbsp;&nbsp;• Start
 date (which may not be earlier than permitted under your plan and must comply with any plan
 requirements and regulatory requirements, including the Tax Code's minimum distribution
 requirements);

&nbsp;&nbsp;&nbsp;&nbsp;• Income
 Phase payment option (**see the "*Income Phase Payment Options*" table in this section)**;

&nbsp;&nbsp;&nbsp;&nbsp;• Income
 Phase payment frequency (i.e., monthly, quarterly, semi-annually or annually);

&nbsp;&nbsp;&nbsp;&nbsp;• Choice
 of fixed and/or variable payments; and

&nbsp;&nbsp;&nbsp;&nbsp;• Under
 some plans, certification from your employer and/or submission of the appropriate forms is
 also required.

The account will continue in the Accumulation Phase until the Contract Holder or you, as applicable, properly initiates Income Phase payments. Generally, the first Income Phase payment must be made by April 1 of the calendar year following the calendar year in which the Contract Holder attains the applicable age as prescribed by Tax Code Section 401(a)(9)) or in the case of an employer-sponsored plan, April 1 of the calendar year following the calendar year in which the Contract Holder retires, whichever occurs later. **See "FEDERAL TAX CONSIDERATIONS – *Taxation of Qualified Contracts* – Lifetime Required Minimum Distributions (401(a), 403(b) and Roth 403(b) Plans)."**

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Your plan may impose other limits on when you may start receiving Income Phase payments. Please refer to your plan documents for more information.

Once an Income Phase payment option is selected, it may not be changed; however, certain options allow you to withdraw a lump sum. **See "*Income Phase Payment Options*."** If you elect an option that does not allow you to withdraw a lump sum, you will not be able to withdraw any Contract value amounts after the Income Phase begins.

***Calculation of Income Phase Payments***

Some of the factors that may affect Income Phase payments include: your age, your Account Value, the Income Phase payment option selected (including the frequency and duration of payments under the option selected), number of guaranteed payments, if any, selected and whether you select variable or fixed payments. As a general rule, more frequent Income Phase payments will result in smaller individual Income Phase payments. Likewise, Income Phase payments that are anticipated over a longer period of time will also result in smaller individual Income Phase payments.

**Fixed Payments.** Amounts funding fixed Income Phase payments will be held in the Company's General Account. Fixed payments will remain the same over time.

**Variable Payments.** Amounts funding your variable Income Phase payments will be held in the Subaccount(s) selected. The Contract may restrict the number of Subaccounts available and how many transfers, if any, are allowed among the Subaccounts during the Income Phase. The Subaccounts available for investment during the Income Phase may be different than those available for investment during the Accumulation Phase, and the availability of Subaccounts may vary during the Income Phase. For information about the Subaccounts available during the Income Phase, please contact Customer Service.

**Payments from the Fixed Plus Account II.** Subject to the Fixed Plus Account II full and partial withdrawal provisions, amounts accumulating under the Fixed Plus Account II can be used to fund fixed and variable payments during the Income Phase, but if a nonlifetime income option is selected, payments from the Fixed Plus Account II may only be available on a fixed basis. The Fixed Plus Account II full and partial withdrawal provisions are waived upon the election of a lifetime annuity option or the election of a nonlifetime option on a fixed basis but are not waived upon the election of a nonlifetime option on a variable basis.

**Assumed Net Investment Rate.** If variable payments are elected, the initial income phase payment will reflect an assumed annual net investment rate of 3.5%. Subsequent income phase payments will fluctuate based upon the investment performance of the subaccount(s) you selected. Income phase payments will increase only to the extent that the net investment rate increases by more than 3.5% on an annual basis. Income phase payments will decrease if the net investment rate is less than 3.5% on an annual basis. For more information about the assumed net investment rate, request a copy of the SAI by calling Customer Service.

**Selecting an Increasing Payment.** Under certain Income Phase payment options, if you select fixed payments, you may elect an increase of one, two or three percent, compounded annually. The higher your percentage, the lower your initial payment will be, while future payments will increase each year at a greater rate. Generally, this feature is not available with cash refund payment options and nonlifetime Income Phase payment options.

**Charges Deducted**

When you select an Income Phase payment option (one of the options listed in the table below), a mortality and expense risk charge, consisting of a daily deduction of 1.25% on an annual basis, will be deducted from amounts held in the Subaccounts. We may also deduct a daily administrative charge of up to 0.25% annually from amounts held in the Subaccounts.

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**Required Minimum Payment Amounts**

The initial Income Phase payment or the annual Income Phase payment total must meet the minimums stated in the Contract. If your Account Value is too low to meet these minimum payment amounts, you will receive one lump-sum payment. **See "*Contract Provisions and Limitations* – Account Termination."**

**Death Benefit During the Income Phase**

The death benefits that may be available to a Beneficiary are outlined in the following "***Income Phase Payment Options***" table. If a lump-sum payment is due as a death benefit, we will make payment within seven calendar days after Customer Service receives proof of death acceptable to us and a payment request in Good Order. If the death benefit is not taken in a lump sum, your Beneficiary must satisfy the distribution rules imposed by the Tax Code. These rules changed for deaths occurring after January 1, 2020. Failure to satisfy these rules can result in tax penalties. See "**FEDERAL TAX CONSIDERATIONS – *Taxation of Qualified Contracts* – Required Distributions Upon Death**" for the distribution rules imposed by the Tax Code.

**Payment of Death Benefit or Proceeds**

Subject to the conditions and requirements of state law, full payment of the death benefit or proceeds ("Proceeds") to a Beneficiary may be made either into an interest bearing retained asset account that is backed by our General Account (described in "**The Retained Asset Account**") or by check. For additional information about the payment options available to you, please refer to your claim forms or contact Customer Service. Beneficiaries should carefully review all settlement and payment options available under the Contract and are encouraged to consult with a financial professional or tax adviser before choosing a settlement or payment option**. See "DEATH BENEFIT – The Retained Asset Account" for more information about the retained asset account.**

**Taxation.** To avoid certain tax penalties, you and any Beneficiary must satisfy the distribution rules imposed by the Tax Code. **See "FEDERAL Tax Considerations."**

**Income Phase Payment Options**

The following table lists the Income Phase payment options and accompanying death benefits that may be available under the Contract. The Tax Code and/or some Contracts may restrict the options and the terms available to you and/or your Beneficiary. **See "FEDERAL Tax Considerations."** Refer to your certificate or check with your Contract Holder for details. We may offer additional Income Phase payment options under the Contract from time to time. Unless permitted by the terms of the Income Phase payment options as described below, you will not be able to withdraw any Account Value after the annuity commencement date.

**Terms used in the table:**

&nbsp;&nbsp;&nbsp;&nbsp;• **Annuitant:** The person(s) on whose life expectancy the Income Phase payments are calculated; and

&nbsp;&nbsp;&nbsp;&nbsp;• **Beneficiary:** The person designated to receive the death benefit payable under the Contract.

---

| | |
|:---|:---|
| **Lifetime Income Phase Payment Options** | **Lifetime Income Phase Payment Options** |
| Life Income | **Length of Payments:** For as long as the Annuitant lives. It is possible that only one payment will be made should the Annuitant die prior to the second payment's due date. **Death Benefit-None:** All payments end upon the Annuitant's death. |
| Life Income ‒ Guaranteed Payments<sup>\*</sup> | **Length of Payments:** For as long as the Annuitant lives, with payments guaranteed for your choice of five to 30 years, or as otherwise specified in the Contract.<br> **Death Benefit-Payment to the Beneficiary:** If the Annuitant dies before we have made all the guaranteed payments, we will continue to pay the Beneficiary the remaining payments. Unless prohibited by a prior election of the Contract Holder, the Beneficiary may elect to receive a lump-sum payment equal to the present value of the remaining guaranteed payments. |

---

<sup>\*</sup> Guaranteed period payments may not extend beyond the shorter of your life expectancy or until age 95.

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---

| | |
|:---|:---|
| **Lifetime Income Phase Payment Options<br> *(continued)*** | **Lifetime Income Phase Payment Options<br> *(continued)*** |
| Life Income ‒ Two Lives | **Length of Payments:** For as long as either Annuitant lives. It is possible that only one payment will be made should both Annuitants die before the second payment's due date.<br> **Continuing Payments:**<br> • When you select this option, you choose for 100%, 66⅔% or 50% of the payment to continue to the surviving Annuitant after the first death; or<br> • 100% of the payment to continue to the Annuitant on the second Annuitant's death, and 50% of the payment to continue to the second Annuitant on the Annuitant's death.<br> **Death Benefit-None:** All payments end after the death of both Annuitants. |
| Life Income ‒ Two Lives ‒ Guaranteed Payments<sup>\*</sup> | **Length of Payments:** For as long as either Annuitant lives, with payments guaranteed for your choice of five to 30 years, or as otherwise specified in the Contract.<br> **Continuing Payments:** 100% of the payment to continue to the surviving Annuitant after the first death.<br> **Death Benefit ‒ Payment to the Beneficiary:** If both Annuitants die before the guaranteed payments have all been paid, we will continue to pay the Beneficiary the remaining payments. Unless prohibited by a prior election of the Contract Holder, the Beneficiary may elect to receive a lump-sum payment equal to the present value of the remaining guaranteed payments. |
| **Nonlifetime Income Phase Payment Options**<sup>\*</sup> | **Nonlifetime Income Phase Payment Options**<sup>\*</sup> |
| Nonlifetime –<br> Guaranteed<br> Payments<sup>\*</sup> | **Length of Payments:** Payments will continue for the number of years you choose (at least five years and no more than 30). For amounts held in the Fixed Plus Account II during the Accumulation Phase, the payment must be on a fixed basis. In certain cases, a lump-sum payment may be requested at any time (see below).<br> **Death Benefit ‒ Payment to the Beneficiary:** If the Annuitant dies before we make all the guaranteed payments, we will continue to pay the Beneficiary the remaining payments. Unless prohibited by a prior election of the Contract Holder, the Beneficiary may elect to receive a lump-sum payment equal to the present value of the remaining guaranteed payments. |

---

**Lump-Sum Payment**

If the Nonlifetime – Guaranteed Payments option is elected with variable payments, you may request at any time that all or a portion of the present value of the remaining payments be paid in one lump sum. A lump sum elected before three or five years of Income Phase payments have been completed (as specified by the Contract) will be treated as a withdrawal during the Accumulation Phase. **See "Fees."** Lump-sum payments will be paid within seven calendar days after Customer Service receives the request for payment in Good Order.

**Calculation of Lump-Sum Payments**

If a lump-sum payment is available to a Beneficiary or to you under the Income Phase payment options listed in the table above, the rate we use to calculate the present value of the remaining guaranteed payments is the same rate we use to calculate the Income Phase payments (i.e., the actual fixed rate used for the fixed payments or the 3.5% assumed net investment rate for variable payments).

<sup>\*</sup> Guaranteed period payments may not extend beyond the shorter of your life expectancy or until age 95.

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**BENEFITS AVAILABLE UNDER THE CONTRACT**

The following table summarizes information about the benefits available under the Contract:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Is Benefit Standard or Optional** | **Maximum<br> Fee** | **Brief Description of<br> Restrictions/Limitations** |
| **Adjusted Purchase Payment Guaranteed Death Benefit** | The death benefit is the greater of (a) or (b), where:<br> (a) Is the adjusted Purchase Payment total, which is the sum of all net Purchase Payments to your account, minus a proportional adjustment for withdrawals and amounts taken as a loan, which amount will never be less than zero; and<br> (b) Is the current Account Value, excluding amounts taken as a loan. | Standard | No additional fee for this benefit. | If the death benefit in (a) is less than the amount in (b), and the Beneficiary requests an immediate payment or begins Income Phase payments, the amount paid will be the current Account Value, excluding any amounts taken as a loan. This benefit may not be available under your Contract. Participants should refer to their plan documents for available benefits.<br>|
| **Asset Rebalancing Program** | Allows you to reallocate your Account Value in the investments and percentages you identify. | Standard | No additional fee for this benefit. | Account Values invested in certain investment options may not be available for rebalancing under this program. Subaccount reallocations or changes outside of the asset rebalancing program may affect the program. Changes such as Fund mergers, substitutions or closures may also affect the program. This benefit may not be available under your Contract. Participants should refer to their plan documents for available benefits. |
| **Systematic Distribution Options** | Allows you to receive regular payments from your account without moving into the Income Phase. | Standard | No additional fee for this benefit. | If not required under the plan, VRIAC may discontinue the availability of one or all of the systematic distribution options at any time and/or change the terms of future elections. This benefit may not be available under your Contract. Participants should refer to their plan documents for available benefits. |

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---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Is Benefit Standard or Optional** | **Maximum<br> Fee** | **Brief Description of<br> Restrictions/Limitations** |
| **Loans** | Allows you to borrow against your Account Value. | Standard | Loan Initiation Fee: $100 per loan. | Loans from your Account Value may be subject to a loan initiation fee, which will not exceed $100 per loan. The loan initiation fee will be deducted from the Vested individual Account Value during the first month of the loan period. We reserve the right to change the loan initiation fee, but not to exceed $100 per loan. This benefit may not be available under your Contract. Participants should refer to their plan documents for available benefits. |

---

**DEATH BENEFIT**

The Contract provides a death benefit in the event of your death, which is payable to the Beneficiary named under the Contract ("Contract Beneficiary"):

&nbsp;&nbsp;&nbsp;&nbsp;• Under
 Contracts issued in connection with most types of plans except most voluntary 403(b) and
 Roth 403(b) plans, the Contract Holder must be named as the Contract Beneficiary, but may
 direct that we make any payments to the Beneficiary you name under the plan ("Plan
 Beneficiary"); and

&nbsp;&nbsp;&nbsp;&nbsp;• Under
 most group Contracts issued in connection with voluntary 403(b) and Roth 403(b) plans and
 under individual Contracts, you may generally designate your own Contract Beneficiary who
 will normally be your Plan Beneficiary, as well.

**During the Accumulation Phase**

For death benefit information applicable to the Income Phase, see "**THE Income Phase – *D eath Benefit During the Income Phase***."

 

**Payment Process**

&nbsp;&nbsp;&nbsp;&nbsp;• Following
 your death, the Contract Beneficiary (on behalf of the Plan Beneficiary, if applicable) must
 provide the Company with proof of death acceptable to us and a payment request in Good Order;

&nbsp;&nbsp;&nbsp;&nbsp;• The
 payment request should include selection of a benefit payment option (see below); and

&nbsp;&nbsp;&nbsp;&nbsp;• Within
 seven calendar days after Customer Service receives proof of death acceptable to us and a
 payment request in Good Order, we will mail payment, unless otherwise requested.

Until a death benefit request is in Good Order and a payment option is selected, account dollars will remain invested as at the time of your death and no distributions will be made.

**Benefit Payment Options**

The following payment options are available, if allowed by the Tax Code:

&nbsp;&nbsp;&nbsp;&nbsp;• Lump-sum
 payment;

&nbsp;&nbsp;&nbsp;&nbsp;• Payment
 in accordance with any of the available Income Phase payment options **(see " Income Phase – *Income Phase Payment Options* ")**; or

&nbsp;&nbsp;&nbsp;&nbsp;• Payment
 in accordance with an available systematic distribution option (subject to certain limitations). **See " Systematic Distribution Options ."** 

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Leaving the Account Value invested in the Contract is also an available option under some contracts; however, the Tax Code limits how long the death benefit proceeds may be left in the Contract.

**Payment of Death Benefit or Proceeds**

Subject to the conditions and requirements of state law, full payment of the death benefit or proceeds ("Proceeds") to a Beneficiary may be made either into an interest bearing retained asset account that is backed by our General Account (described in "**The Retained Asset Account**" below) or by check. For additional information about the payment options available to you, please refer to your claim forms or contact Customer Service. Beneficiaries should carefully review all settlement and payment options available under the Contract and are encouraged to consult with a financial professional or tax adviser before choosing a settlement or payment option.

**The Retained Asset Account.** The retained asset account, known as the Voya Personal Transition Account, is an interest bearing account backed by our General Account. **The retained asset account is not guaranteed by the Federal Deposit Insurance Corporation ("FDIC") and, as part of our General Account, is subject to the claims of our creditors.** Beneficiaries that receive their payment through the retained asset account may access the entire Proceeds in the account at any time without penalty through a draftbook feature. The Company seeks to earn a profit on the account, and interest credited on the account may vary from time to time but will not be less than the minimum rate stated in the supplemental Contract delivered to the Beneficiary together with the paperwork to make a claim to the Proceeds. Interest earned on the Proceeds in the account may be less than could be earned if the Proceeds were invested outside of the account. Likewise, interest credited on the Proceeds in the account may be less than under other settlement or payment options available through the Contract.

**Death Benefit Options**

The death benefit option that is available under the Contract is listed below. For information about the death benefit applicable to you, please see your certificate/enrollment materials or the Contract (held by the Contract Holder).

**Adjusted Purchase Payment Guaranteed Death Benefit.** The death benefit payable under the Contract will never be less than the amount of Adjusted Purchase Payments made to your account (as defined below), less a proportional adjustment for amounts withdrawn or borrowed from your account.

**Calculating the Adjusted Purchase Payment Guaranteed Death Benefit.** The death benefit under the Adjusted Purchase Payment Guaranteed Death Benefit is guaranteed to be the greater of (a) or (b) as calculated as of the next Valuation Date following Customer Service's receipt of proof of death and a payment request in Good Order where:

&nbsp;&nbsp;&nbsp;&nbsp;(a) is
 the adjusted Purchase Payment total, which is the sum of all net Purchase Payments to your
 account, minus a proportional adjustment for withdrawals and amounts taken as a loan, which
 amount will never be less than zero (see "**Calculating Adjusted Purchase Payments** "
 below); and

&nbsp;&nbsp;&nbsp;&nbsp;(b) is
 the current Account Value, excluding amounts taken as a loan.

If the amount of the death benefit in (a) is greater than the amount in (b), the Company will deposit the difference into your account. The amount, if any, will be deposited into your account proportionally across your current investment allocations as of the Valuation Date following the date Customer Service receives proof of death acceptable to us and a payment request in Good Order.

If the Beneficiary in that situation requests an immediate payment or begins Income Phase payments, the amount paid will be the current Account Value, excluding any amounts taken as a loan, as of the Valuation Date following the date we deposit the difference into your account.

If the amount of the death benefit in (a) is less than the amount in (b), and the Beneficiary requests an immediate payment or begins Income Phase payments, the amount paid will be the current Account Value, excluding any amounts taken as a loan, as of the Valuation Date following the date Customer Service receives proof of death acceptable to us and a payment request in Good Order.

In the event a Beneficiary elects to defer distribution of the death benefit, the amount paid to the Beneficiary when the Beneficiary elects to begin distribution of the death benefit will equal the current Account Value, excluding any amounts taken as a loan, as of the next Valuation Date following Customer Service's receipt of the distribution request in Good Order. The amount paid may be more or less than the amount of the death benefit determined above on the

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date notice of death and an election to defer payment was received. No additional death benefit is payable upon the Beneficiary's death.

**Calculating Adjusted Purchase Payments.** The adjusted Purchase Payment total above is initially equal to the first Purchase Payment. The adjusted Purchase Payment total is then adjusted for each subsequent Purchase Payment, loan repayment, or partial withdrawal. The adjustment for subsequent Purchase Payments and loan repayments will be dollar for dollar. The adjustment for partial withdrawals, including loans taken, will be proportionate, reducing the adjusted Purchase Payment total in the same proportion that the current Account Value, excluding any amounts taken as loans, was reduced on the date of the partial withdrawal. The proportionate adjustment of the adjusted Purchase Payment total for each partial withdrawal is defined as the adjusted Purchase Payment total at that time, multiplied by the fraction A divided by B (A/B), where:

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| | |
|:---|:---|
| **A** | is the current Account Value, excluding amounts taken as a loan, immediately after the partial withdrawal; and |

---

---

| | |
|:---|:---|
| **B** | is the current Account Value, excluding amounts taken as a loan, before the partial withdrawal. |

---

For example, if you have made Purchase Payments of $50,000 and take a partial withdrawal of $10,000 at a time when your Account Value is $60,000, the adjustment to your purchase payment will be $50,000 \* $10,000/$60,000 = $8,333, meaning that your new adjusted Purchase Payment is $41,667. If you take a withdrawal when your Account Value is less than your adjusted Purchase Payments, your adjusted Purchase Payments may be reduced by more than your withdrawal. For example, if you have made Purchase Payments of $50,000 and take a partial withdrawal of $10,000 at a time when your Account Value is $40,000, the adjustment to your purchase payment will be $50,000 \* $10,000/$40,000 = 12,500, meaning that your new adjusted Purchase Payment is $37,500.

There is no additional fee associated with the Adjusted Purchase Payment Guaranteed Death Benefit option.

**Tax Code Requirements**

If the death benefit is not taken in a lump sum by the end of the calendar year following your death, your beneficiary must satisfy the distribution rules imposed by the Tax Code. These rules changed for death occurring after January 1, 2020. Subject to certain exceptions most non-spouse beneficiaries must now complete death benefit distributions within ten years of your death in order to satisfy required minimum distribution rules. A beneficiary should consult a tax adviser. Failure to satisfy these rules can result in tax penalties. **See "FEDERAL Tax Considerations" for additional information.**

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**CONTRACT PURCHASE AND PARTICIPATION**

**Purchasing the Contract**

To purchase the Contract:

&nbsp;&nbsp;&nbsp;&nbsp;• The
 Contract Holder submits the required forms and application to the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;• We
 approve the forms and issue a Contract to the Contract Holder.

**Participating in the Contract**

To participate in the Contract:

&nbsp;&nbsp;&nbsp;&nbsp;• We
 provide you with enrollment materials for completion and return to us, which may be completed
 electronically where available (occasionally enrollment is conducted by someone unaffiliated
 with us who is assisting the Contract Holder); and

&nbsp;&nbsp;&nbsp;&nbsp;• If
 your enrollment materials are complete and in Good Order, we establish one or more accounts
 for you. Under certain plans we establish an employee account for contributions from your
 salary and an employer account for employer contributions. We may also establish Roth 403(b)
 accounts.

**Acceptance or Rejection**

We must accept or reject an application or your enrollment materials within two business days of receipt. If the forms are incomplete, we may hold any forms and accompanying Purchase Payments for five business days, unless you consent to our holding them longer. If we reject the application or enrollment forms, we will return the forms and any Purchase Payments.

**Methods of Purchase Payment**

The Contract may allow one or more of the following Purchase Payment methods:

&nbsp;&nbsp;&nbsp;&nbsp;• Lump-sum
 payments: A one-time payment to your account in the form of a transfer from a previous plan;
 and/or

&nbsp;&nbsp;&nbsp;&nbsp;• Installment
 payments: More than one payment made over time to your account.

The plan and the Contract may have certain rules or restrictions that apply to the use of these two methods. For example, we may require that installment payments meet certain minimums. For information about these rules or restrictions, please refer to your certificate/enrollment materials or the Contract (held by the Contract Holder).

Contributions to Roth 403(b) accounts must be made by after-tax salary reduction, exchange, or rollover payments (to the extent allowed by the Contract) paid to us on your behalf, as permitted by the Tax Code and the plan. Roth 403(b) contributions will be placed in distinct accounts. **See "FEDERAL TAX CONSIDERATIONS – *Taxation of Qualified Contracts* – Contributions."**

**Allocation of Purchase Payments**

The Contract Holder or you, if the Contract Holder permits, directs us to allocate initial Purchase Payments to the investment options available under the plan. Generally, you will specify this information on your enrollment materials. After your enrollment, changes to allocations for future Purchase Payments or transfers of existing balances among investment options may be requested by telephone, electronically at <u>www.voyaretirementplans.com</u> or through such other means as may be available under our administrative procedures in effect from time to time. Allocations must be in whole percentages, and there may be limitations on the number of investment options that can be selected. **See "THE Investment Options."**

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**Tax Code Restrictions**

 ****

The Tax Code places some limitations on contributions to your account. **See "FEDERAL Tax Considerations."**

**Other Products**

We and our affiliates offer various other products with different features and terms than the Contract described in this Prospectus, which may offer some or all of the same Funds. These products have different benefits, fees and charges and may offer different share classes of the Funds offered in this Contract that are less expensive. These other products may or may not better match your needs. You should be aware that there are other options available, and, if you are interested in learning more about these other products, contact your registered representative. These other options may not be available under your plan.

**WITHDRAWALS**

**Making a Withdrawal**

Subject to limitations on withdrawals from the Fixed Interest Options and other restrictions (see "**W** **ithdrawal Restrictions**" in this section and **APPENDIX C, APPENDIX D** and **APPENDIX E**), the Contract Holder or you, if permitted by the plan, may withdraw all or a portion of your Account Value at any time during the Accumulation Phase.

**Steps for Making a Withdrawal**

The Contract Holder or you, if permitted by the plan must:

&nbsp;&nbsp;&nbsp;&nbsp;• Select
 the Withdrawal Amount:

&nbsp;&nbsp;&nbsp;&nbsp;• Full
 Withdrawal: You will receive, reduced by any required tax, your Account Value allocated to
 the Subaccounts minus any applicable maintenance fees and redemption fees, plus the amount
 available for withdrawal from the Fixed Plus Account II; or

&nbsp;&nbsp;&nbsp;&nbsp;• Partial
 Withdrawal (Percentage or Specified Dollar Amount): You will receive, reduced by any required
 tax, the amount you specify, subject to the value available in your account. However, the
 amount actually withdrawn from your account will be adjusted by any applicable redemption
 fees. The amounts available from the Fixed Plus Account II may be limited.

&nbsp;&nbsp;&nbsp;&nbsp;• Select
 Investment Options. If not specified, we will withdraw amounts in the same proportion as
 the values you hold in the various investment options from each investment option in which
 you have an Account Value; and

&nbsp;&nbsp;&nbsp;&nbsp;• Properly
 complete a disbursement form and submit it to Customer Service.

**For a description of limitations on withdrawals from the Fixed Plus Account II, please see APPENDIX B.**

**Calculation of Your Withdrawal**

We determine your Account Value every normal business day after the close of the NYSE. We pay withdrawal amounts based on your Account Value either:

&nbsp;&nbsp;&nbsp;&nbsp;• As
 of the next valuation after Customer Service receives a request for withdrawal in Good Order;
 or

&nbsp;&nbsp;&nbsp;&nbsp;• On
 such later date as specified by the Contract Holder, or you if permitted by the plan on the
 disbursement form. A future dated withdrawal request will not be considered to be in Good
 Order until the date indicated on the disbursement form.

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**Delivery of Payment**

Payments for withdrawal requests will be made in accordance with SEC requirements. Normally, we will send your payment no later than seven calendar days following our receipt of your disbursement form in Good Order.

**Reinstatement Privilege**

Some Contracts allow the one-time use of a reinstatement privilege. Within 30 calendar days after a full withdrawal, if allowed by law and the Contract, you may elect to reinstate all or a portion of the proceeds. We must receive reinstated amounts within 60 days of the withdrawal. We will credit the account for the amount reinstated based on the AUV next computed following Customer Service's receipt of your request in Good Order and the amount to be reinstated. We will credit the amount reinstated proportionally for annual maintenance fees imposed at the time of withdrawal. If an investment option is closed or otherwise no longer available, amounts to be allocated to any such option will be reinvested in a replacement option as directed by your Plan Sponsor. If your Plan Sponsor has not designated a replacement option, unless we receive alternative allocation instructions, amounts that would have been reinvested in the investment option that is closed or unavailable may be automatically allocated among the other available investment options according to the most recent allocation instructions we have on file. If the most recent allocation instructions we have on file do not include any available investment options, the amount to be allocated will be returned unless we are provided with alternative allocation instructions. **See APPENDIX B.** Talk to a tax adviser regarding the tax consequences associated with reinstatement.

**Withdrawal Restrictions**

Many plans may have limits on withdrawals that may be made from the plan. Some examples of these limits are listed below:

&nbsp;&nbsp;&nbsp;&nbsp;• Section
 403(b)(11) of the Tax Code generally prohibits withdrawals under 403(b) Contracts prior to
 your death, disability, attainment of age 59½, severance from employment or financial
 hardship of the following:

&nbsp;&nbsp;&nbsp;&nbsp;• Salary
 reduction contributions made after December 31, 1988; and

&nbsp;&nbsp;&nbsp;&nbsp;• • Earnings
 on those contributions and earnings on amounts held before 1989 and credited after December
 31, 1988. Effective for plan years beginning after December 31, 2023, income attributable
 to salary reduction contributions, may also not be distributed in the case of hardship. Effective
 for plan years beginning after December 31, 2023, 403(b). Contracts may also allow hardship
 withdrawals of non-elective and matching contributions, inclusive of earnings on such contributions.403(b)
 regulations impose restrictions on the distribution of 403(b) employer contributions under
 certain Contracts. **See "FEDERAL Tax Considerations – Distributions – Eligibility – 403(b) and Roth 403(b) Plans"**;

&nbsp;&nbsp;&nbsp;&nbsp;• The
 Contract generally requires that the Plan Sponsor or its delegate certify that you are eligible
 for the distribution; and

&nbsp;&nbsp;&nbsp;&nbsp;• If
 you are married and covered by an ERISA plan, the Contract Holder must provide certification
 that Retirement Equity Act requirements have been met.

The Tax Code and/or your plan may impose other limitations on withdrawals. **See "FEDERAL Tax Considerations – Distributions – Eligibility."**

***Employer-Directed Withdrawals***

Under certain contracts, if permitted by the plan, we may, at the Plan Sponsor's direction, deduct amounts from participant accounts in order to pay costs associated with a third-party administrator engaged by the Plan Sponsor to administer the plan.

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**SYSTEMATIC DISTRIBUTION OPTIONS**

If available under your plan, a systematic distribution option allows you to receive regular payments from your account without moving into the Income Phase. By remaining in the Accumulation Phase, you retain certain rights and investment flexibility not available during the Income Phase. Because the account remains in the Accumulation Phase, all Accumulation Phase charges continue to apply.

**Systematic Distribution Options Currently Available**

These options may be exercised at any time during the Accumulation Phase of the Contract. To exercise one of these options, the Account Value must meet any minimum dollar amount and age criteria applicable to that option. To determine what systematic distribution options are available, please write or call Customer Service.

Systematic distribution options currently available under the Contract include the following:

&nbsp;&nbsp;&nbsp;&nbsp;• **Systematic Withdrawal Option ("SWO")** – SWO is a series of partial withdrawals from your
 account based on a payment method you select. It is designed for those who want a periodic
 income while retaining Accumulation Phase investment flexibility for amounts accumulated
 under the account. (This option may not be available if you have an outstanding loan); and

&nbsp;&nbsp;&nbsp;&nbsp;• **Estate Conservation Option ("ECO")/Recurring RMD Payment ("RRP")** – This
 option also allows you to maintain the account in the Accumulation Phase and provides periodic
 payments designed to meet the Tax Code's required minimum distributions. Under this
 option, the Company calculates the minimum distribution amount required by law (generally
 at the applicable age as prescribed by Tax Code Section 401(a)(9)) or retirement,
 if later) and pays you that amount once a year.

**Other Systematic Distribution Options**

Other systematic distribution options may be available from time to time. Additional information relating to any of the systematic distribution options may be obtained from your local representative or by contacting Customer Service.

**Availability of Systematic Distribution Options**

If not required under the plan, the Company may discontinue the availability of one or all of the systematic distribution options at any time and/or change the terms of future elections.

**Electing a Systematic Distribution Option**

The Contract Holder or you, if permitted by the plan, may elect a systematic distribution option. The Plan Sponsor or its delegate generally must provide the Company with certification that you are eligible for a distribution and that the distribution is in accordance with the terms of the plan.

**Terminating a Systematic Distribution Option**

Once you elect a systematic distribution option you may revoke it at any time by submitting a written request to Customer Service. Once revoked, an option may not be elected again until the next calendar year, nor may any other systematic distribution option be elected, unless the Tax Code permits it.

**Tax Consequences**

Withdrawals received through these options and revocations of elections may have tax consequences. **See "FEDERAL Tax Considerations."**

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**LOANS**

**Availability**

If allowed by the Contract and the plan, you may take out a loan from your Account Value during the Accumulation Phase. Loans are not available from Roth 403(b) contracts or accounts ("loanable"). However, under some contracts, participant Roth 403(b) accounts may be included in the calculation of the amount available for loan ("lienable") but will not be loanable. Some plans restrict loans from your employer account. Loans are only allowed from amounts allocated to certain investment options. Additional restrictions may apply under the Tax Code, ERISA (if applicable), your plan, or due to our administrative practices or those of a third-party administrator selected by your Plan Sponsor, and loans may be subject to approval by the Plan Sponsor or its delegate. We reserve the right not to grant a loan request if the participant has an outstanding loan in default.

**Things to Consider Before Initiating a Loan**

Eligible participants should consider the following before initiating a loan:

&nbsp;&nbsp;&nbsp;&nbsp;• **Potential Loss of Investment Return and Reduction in Value Under the Contract.** Amounts borrowed
 under a Contract do not participate in the investment performance of the Subaccounts nor
 in the interest guarantees of the Fixed Interest Option. Loans, therefore, can affect the
 Account Value and death benefit whether or not the loan is repaid; and

&nbsp;&nbsp;&nbsp;&nbsp;• **Loan Initiation Fee.** Loans from your Account Value may be subject to a loan initiation fee,
 which will not exceed $100 per loan. The loan initiation fee will be deducted from the vested
 individual account value during the first month of the loan period. We reserve the right
 to change the loan initiation fee, but not to exceed $100 per loan.

For information about whether the loan initiation fee is applicable to you, please see your certificate/enrollment materials or the Contract (held by the Contract Holder).

**Requests**

If you are eligible to obtain a loan, you may request one by properly completing a loan request form and submitting it to Customer Service. Read the terms of the loan agreement before submitting any request.

**Repayment and Default on Loans**

Loans may be repaid as described in the loan agreement, including paid in full at any time. Generally, on the day Customer Service receives a loan repayment in Good Order, the loan repayment will be allocated among the investment options according to the most recent allocation instructions we have on file. If we do not receive a loan repayment when due, the entire outstanding loan balance will be considered in default.

To the extent that a loan remains in default and is not repaid in a timely manner as prescribed by Tax Code Section 72(p) and applicable regulations, the entire outstanding balance, including accrued interest will be reported as a taxable distribution on IRS Form 1099. The distribution may also be subject to tax penalties under Tax Code Section 72(t). To the extent a loan which has been reported as a distribution remains unpaid, it will continue to count against your future loan availability. The Loan Interest Rate Spread, if applicable, will continue to accrue until the loan is offset or you have a distributable event. Additionally, certain other tax rules apply to distributions from the Contract. **See "FEDERAL Tax Considerations ‒ Distributions ‒ General" for additional information.**

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**FEDERAL TAX CONSIDERATIONS**

**Introduction**

The Contract described in this Prospectus are designed to be treated as an annuity for U.S. federal income tax purposes. This section discusses our understanding of current federal income tax laws affecting the Contract. The U.S. federal income tax treatment of the Contract is complex and sometimes uncertain. You should keep the following in mind when reading this section:

&nbsp;&nbsp;&nbsp;&nbsp;• Your
 tax position (or the tax position of the Beneficiary, as applicable) determines the federal
 taxation of amounts held or paid out under the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;• Tax
 laws change. It is possible that a change in the future could affect contracts issued in
 the past, including the Contract described in this Prospectus ;

&nbsp;&nbsp;&nbsp;&nbsp;• This
 section addresses some, but not all, applicable federal income tax rules and generally does
 not discuss federal estate and gift tax implications, state and local taxes or any other
 tax provisions;

&nbsp;&nbsp;&nbsp;&nbsp;• We
 do not make any guarantee about the tax treatment of the Contract or transactions involving
 the Contract; and

&nbsp;&nbsp;&nbsp;&nbsp;• No
 assurance can be given that the IRS would not assert, or that a court would not sustain,
 a position contrary to any of those set forth below.

**We do not intend this information to be tax advice. No attempt is made to provide more than a general summary of information about the use of the Contract with tax-qualified retirement arrangements, and the Tax Code may contain other restrictions and conditions that are not included in this summary. You should consult with a tax and/or legal adviser for advice about the effect of federal income tax laws, state tax laws or any other tax laws affecting the Contract or any transactions involving the Contract.**

**Qualified Contracts**

The Contract described in this Prospectus may be purchased on a tax-qualified basis ("Qualified Contracts"). Qualified Contracts are designed for use by individuals and/or employers whose Purchase Payments are comprised solely of proceeds from and/or contributions to retirement plans or programs that are intended to qualify as plans or programs entitled to special favorable income tax treatment under sections 401(a) or 403(b) of the Tax Code. **Employers or individuals intending to use the Contract with such plans should seek legal and tax advice.**

**Roth Accounts.** Tax Code Section 402A allows employees of public schools and certain Tax Code Section 501(c)(3) organizations offering 403(b) plans to contribute after-tax salary contributions to a Roth 403(b) account. Roth accounts provide for tax-free distributions, subject to certain conditions and restrictions. If permitted by us and under the plan for which the Contract is issued, we will set up one or more accounts for you under the Contract for Roth after-tax contributions and the portion of any transfer or rollover attributable to such amounts.

**Taxation of Qualified Contracts**

**Eligible Retirement Plans and Programs**

The Contract may be purchased with the following retirement plans and programs to accumulate retirement savings:

&nbsp;&nbsp;&nbsp;&nbsp;• **401(a) Plans.** Sections 401(a) of the Tax Code permit certain employers to establish various
 types of retirement plans for employees and permit self-employed individuals to establish
 these plans for themselves and their employees. The Tax Code also allows employees of certain
 private employers to contribute after-tax salary contributions to a Roth 401(k) account which
 provides for tax-free distributions, subject to certain restrictions;

&nbsp;&nbsp;&nbsp;&nbsp;• **403(b) and Roth 403(b) Plans.** Section 403(b) of the Tax Code allows employees of certain Tax
 Code Section 501(c)(3) organizations and public schools to exclude from their gross income
 the Purchase Payments made, within certain limits, to a contract that will provide an annuity
 for the employee's retirement. The Tax Code also allows employees of 501(c)(3) organizations
 and public schools to contribute after-tax salary contributions to a Roth 403(b) account,
 which provides for tax-free distributions, subject to certain restrictions; and

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The Company may offer or have offered the Contract for use with certain other types of qualified plans. Please see your Contract and consult with your tax adviser if you have questions about other types of plan arrangements not discussed herein.

**Special Considerations for Section 403(b) Plans.** In addition to being offered as an investment option under the Contract, shares of certain Funds are also offered for sale directly to the general public. These Funds are identified in **APPENDIX A**. In order to qualify for favorable tax treatment under Tax Code Section 403(b), a contract must be considered an "annuity." In Revenue Procedure 99-44, the IRS concluded that it would treat a contract as an annuity for federal income tax purposes under Tax Code Section 403(b), notwithstanding that contract Purchase Payments are invested at the Contract Owner's direction in publicly available securities. This treatment will be available provided no additional tax liability would have been incurred if the contribution was paid by the Contract Holder's employer into a trust or a custodial account in an arrangement that satisfied the requirements of Tax Code Section 401(a) or 403(b)(7)(A). We believe that the Contract satisfies the requirements set forth in Revenue Procedure 99-44 and will therefore be treated as an annuity for tax purposes, notwithstanding the fact that investments may be made in publicly available securities. However, the exact nature of the requirements of Revenue Procedure 99-44 are unclear, and you should consider consulting with a tax and/or legal adviser before electing to invest in a Fund that is offered for sale to the general public through a contract issued in relation to a 403(b) plan.

Revenue Procedure 99-44 was issued before 403(b) plans could offer a Roth contribution feature. However, we believe that this analysis should not impact the treatment of such contracts as annuity contracts for purposes of Tax Code Section 403(b). You should consider consulting with a tax and/or legal adviser before electing to invest in a Fund that is offered for sale to the general public through a contract issued in relation to a Roth 403(b) account.

**Taxation**

The tax rules applicable to Qualified Contracts vary according to the type of Qualified Contract, the specific terms and conditions of the Qualified Contract, and the terms and conditions of the qualified plan or program. The ultimate effect of federal income taxes on the amounts held under a Qualified Contract, or on Income Phase (i.e., annuity) payments from a Qualified Contract, depends on the type of Qualified Contract or program as well as your particular facts and circumstances. Special favorable tax treatment may be available for certain types of contributions and distributions. In addition, certain requirements must be satisfied in purchasing a Qualified Contract with proceeds from a tax-qualified plan or program in order to continue receiving favorable tax treatment.

Adverse tax consequences may result from:

&nbsp;&nbsp;&nbsp;&nbsp;• Contributions
 in excess of specified limits;

&nbsp;&nbsp;&nbsp;&nbsp;• Distributions
 before age 59½ (subject to certain exceptions);

&nbsp;&nbsp;&nbsp;&nbsp;• Distributions
 that do not conform to specified commencement and minimum distribution rules; and

&nbsp;&nbsp;&nbsp;&nbsp;• Other
 specified circumstances.

Some qualified plans and programs are subject to additional distribution or other requirements that are not incorporated into the Contract described in this Prospectus. No attempt is made to provide more than general information about the use of the Contract with qualified plans and programs. Contract Owners, sponsoring employers, participants, Annuitants and Beneficiaries are cautioned that the rights of any person to any benefit under these qualified plans and programs may be subject to the terms and conditions of the plan or program, regardless of the terms and conditions of the Contract. The Company is not bound by the terms and conditions of such plans and programs to the extent such terms contradict the language of the Contract unless we consent in writing.

Contract Owners, sponsoring employers, participants, Annuitants and Beneficiaries generally are responsible for determining that contributions, distributions and other transactions with respect to the Contract comply with applicable law. **Therefore, you should seek tax and/or legal advice regarding the suitability of a contract for your particular situation.** The following discussion assumes that Qualified Contracts are purchased with proceeds from and/or contributions under retirement plans or programs that qualify for the intended special federal tax treatment.

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**Tax Deferral.** Under federal tax laws, earnings on amounts held in annuity contracts are generally not taxed until they are withdrawn. However, in the case of a qualified plan (as described in this Prospectus), an annuity contract is not necessary to obtain this favorable tax treatment and does not provide any tax benefits beyond the deferral already available to the qualified plan itself. Annuities do provide other features and benefits (such as the guaranteed death benefit or the option of lifetime Income Phase options at established rates) that may be valuable to you. You should discuss your alternatives with a qualified financial representative taking into account the additional fees and expenses you may incur in an annuity.

**Contributions**

In order to be excludable from gross income for federal income tax purposes, total annual contributions to certain qualified plans and programs are limited by the Tax Code. We provide general information on these requirements for certain plans and programs below. You should consult with a tax and/or legal adviser in connection with contributions to a Qualified Contract.

**401(a), 403(b) and Roth 403(b) Plans.** The total annual contributions (including pre-tax and Roth 403(b) after-tax contributions) by you and your employer cannot exceed, generally, the lesser of 100% of your compensation or $72,000 (as indexed for 2026). Compensation means your compensation for the year from the employer sponsoring the plan and includes any elective deferrals under Tax Code Section 402(g) and any amounts not includible in gross income under Tax Code Sections 125 or 457.

This limit applies to your contributions as well as to any contributions made by your employer on your behalf. An additional requirement limits your salary reduction contributions to a 403(b) or Roth 403(b) plan to generally no more than $24,500 (as indexed for 2026). Contribution limits are subject to annual adjustments for cost-of-living increases. Your own limit may be higher or lower, depending upon certain conditions.

With the exception of the Roth 403(b) contributions, Purchase Payments to your account(s) will generally be excluded from your gross income. Roth 403(b) salary reduction contributions are made on an after-tax basis.

**Catch-up Contributions.** Notwithstanding the contribution limits noted above, if permitted by the plan, a participant in a 403(b) or Roth 403(b) plan who is at least age 50 by the end of the participant's taxable year may contribute an additional amount ("Age 50 Catch-ups") not to exceed the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;• $8,000;
 or

&nbsp;&nbsp;&nbsp;&nbsp;• The
 participant's compensation for the year reduced by any other elective deferrals of
 the participant for the year.

The Catch-Up Contributions for individuals who attain age 60, 61, 62, or 63 in 2026 is $11,250.

**Distributions – General**

Certain tax rules apply to distributions from the Contract. A distribution is any amount taken from a contract including withdrawals, Income Phase (i.e., annuity) payments, and death benefit proceeds. If a portion of a distribution is taxable, the distribution will be reported to the IRS.

**401(a) and 403(b) Plans.** Distributions from these plans are generally taxed as received unless one of the following is true:

&nbsp;&nbsp;&nbsp;&nbsp;• The
 distribution is an eligible rollover distribution and is directly transferred or rolled over
 within 60 days to another plan eligible to receive rollovers or to a traditional or Roth
 IRA in accordance with the Tax Code;

&nbsp;&nbsp;&nbsp;&nbsp;• You
 made after-tax contributions to the plan. In this case, depending upon the type of distribution,
 the amount will be taxed on all or part of the earnings on the contributions according to
 the rules detailed in the Tax Code; or

&nbsp;&nbsp;&nbsp;&nbsp;• The
 distribution is a qualified health insurance premium of a retired public safety officer as
 defined in the Pension Protection Act of 2006.

A distribution is an eligible rollover distribution unless it is:

&nbsp;&nbsp;&nbsp;&nbsp;• Part
 of a series of substantially equal periodic payments (at least one per year) made over the
 life (or life expectancy) of the participant or the joint lives (or joint life expectancies)
 of the participant and his designated Beneficiary or for a specified period of ten years
 or more;

&nbsp;&nbsp;&nbsp;&nbsp;• A
 required minimum distribution under Tax Code Section 401(a)(9);

&nbsp;&nbsp;&nbsp;&nbsp;• A
 hardship withdrawal; or

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&nbsp;&nbsp;&nbsp;&nbsp;• Otherwise
 not recognized under applicable regulations as eligible for rollover.

**10% Additional Tax.** The Tax Code imposes a 10% additional tax on the taxable portion of any distribution from a contract used with a 401(a) or 403(b) plan (collectively, qualified plans).

Exceptions to the 10% additional tax may apply if:

&nbsp;&nbsp;&nbsp;&nbsp;• You
 have attained age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;• You
 have become disabled, as defined in the Tax Code;

&nbsp;&nbsp;&nbsp;&nbsp;• You
 have died and the distribution is to your Beneficiary;

&nbsp;&nbsp;&nbsp;&nbsp;• The
 distribution amount is rolled over tax free into another eligible retirement plan or to a
 traditional or Roth IRA in accordance with the terms of the Tax Code;

&nbsp;&nbsp;&nbsp;&nbsp;• The
 distribution is paid directly to the government in accordance with an IRS levy;

&nbsp;&nbsp;&nbsp;&nbsp;• The
 distribution is a qualified reservist distribution as defined under the Tax Code;

&nbsp;&nbsp;&nbsp;&nbsp;• The
 distribution is a qualified birth or adoption distribution;

&nbsp;&nbsp;&nbsp;&nbsp;• The
 distribution is eligible for penalty relief extended to victims of certain natural disasters;

&nbsp;&nbsp;&nbsp;&nbsp;• You
 have unreimbursed medical expenses that are deductible (without regard to whether you itemized
 deductions);

&nbsp;&nbsp;&nbsp;&nbsp;• You
 have separated from service with the Plan Sponsor at or after age 55;

&nbsp;&nbsp;&nbsp;&nbsp;• You
 are a qualified public safety employee taking a distribution from a governmental plan and
 you separated from service after age 50;

&nbsp;&nbsp;&nbsp;&nbsp;• The
 distribution is made to a terminally ill individual;

&nbsp;&nbsp;&nbsp;&nbsp;• The
 withdrawal amount is paid for certain emergency expenses;

&nbsp;&nbsp;&nbsp;&nbsp;• The
 distribution is an eligible distribution to an eligible domestic abuse victim; or

&nbsp;&nbsp;&nbsp;&nbsp;• The
 withdrawal amount is paid to an alternate payee under a Qualified Domestic Relations Order
 ("QDRO").

The Tax Code may provide other exceptions or impose other penalty taxes in other circumstances.

**Qualified Distributions –Roth 403(b).** A partial or full distribution of Purchase Payments to a Roth 403(b) account and earnings credited on those Purchase Payments (or of in-plan rollover amounts and earnings credited on those amounts, as described in the "In-Plan Roth Rollovers" section below) will be excludable from income if it is a qualified distribution. A "qualified distribution" from a Roth 403(b) account is defined as a distribution that meets the following two requirements:

&nbsp;&nbsp;&nbsp;&nbsp;• The
 distribution occurs after the five-year taxable period measured from the earlier of:

&nbsp;&nbsp;&nbsp;&nbsp;• The
 first taxable year you, as applicable, made a designated Roth contribution to any designated
 Roth account established for you under the same applicable retirement plan as defined in
 Tax Code Section 402A;

&nbsp;&nbsp;&nbsp;&nbsp;• If
 a rollover contribution was made from a designated Roth account previously established for
 you under another applicable retirement plan, the first taxable year for which you made a
 designated Roth contribution to such previously established account; or

&nbsp;&nbsp;&nbsp;&nbsp;• The
 first taxable year in which you made an in-plan Roth rollover of non-Roth amounts under the
 same plan; AND

&nbsp;&nbsp;&nbsp;&nbsp;• The
 distribution occurs after you attain age 59½, die with payment being made to your
 Beneficiary or estate, or become disabled as defined in the Tax Code.

A distribution from a Roth account that is not a qualified distribution is includible in gross income under the Tax Code in proportion to your investment in the Contract (basis) and earnings on the Contract.

**Distributions – Eligibility**

Distributions from qualified plans (as described in this Prospectus) generally may occur only upon the occurrence of certain events. The terms of your plan will govern when you are eligible to take a distribution from the plan. The following describes circumstances when you may be able to take a distribution from certain more common types of plans.

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**401(a) Pension Plans.** Subject to the terms of your 401(a) pension plan, distributions generally may occur upon:

&nbsp;&nbsp;&nbsp;&nbsp;• Retirement;

&nbsp;&nbsp;&nbsp;&nbsp;• Death;

&nbsp;&nbsp;&nbsp;&nbsp;• Disability;

&nbsp;&nbsp;&nbsp;&nbsp;• Severance
 from employment;

&nbsp;&nbsp;&nbsp;&nbsp;• Attainment
 of normal retirement age;

&nbsp;&nbsp;&nbsp;&nbsp;• Attainment
 of age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;• Termination
 of the plan; or

&nbsp;&nbsp;&nbsp;&nbsp;• Meeting
 other circumstances as allowed by federal law, regulations, or rulings.

Such distributions remain subject to other applicable restrictions under the Tax Code.

**403(b) and Roth 403(b) Plans.** Subject to the terms of your 403(b) or Roth 403(b) plan, distribution of certain salary reduction contributions and earnings generally may occur only upon:

&nbsp;&nbsp;&nbsp;&nbsp;• Retirement;

&nbsp;&nbsp;&nbsp;&nbsp;• Death;

&nbsp;&nbsp;&nbsp;&nbsp;• Attainment
 of age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;• Severance
 from employment;

&nbsp;&nbsp;&nbsp;&nbsp;• Disability;

&nbsp;&nbsp;&nbsp;&nbsp;• The
 birth or adoption of a child;

&nbsp;&nbsp;&nbsp;&nbsp;• Financial
 hardship;

&nbsp;&nbsp;&nbsp;&nbsp;• Termination
 of the plan; or

&nbsp;&nbsp;&nbsp;&nbsp;• Meeting
 other circumstances as allowed by federal law, regulations, or rulings.

Such distributions remain subject to other applicable restrictions under the Tax Code.

Section 403(b) regulations prohibit the distribution of amounts attributable to employer contributions before the earlier of your severance from employment or prior to the occurrence of some event as provided under your employer's plan, such as after a fixed number of years, the attainment of a stated age, or a disability.

If the Company agrees to accept amounts exchanged from a Tax Code Section 403(b)(7) custodial account, such amounts will be subject to the withdrawal restrictions set forth in Tax Code Section 403(b)(7)(A)(ii).

Before we process a withdrawal request, we generally are required to confirm with your 403(b) Plan Sponsor or otherwise that the withdrawals you request from a 403(b) contract comply with applicable tax requirements.

**Lifetime Required Minimum Distributions (401(a), 403(b) and Roth 403(b) Plans)**

To avoid certain tax penalties, you and any designated Beneficiary must also satisfy the required minimum distribution rules set forth in the Tax Code. These rules dictate the following:

&nbsp;&nbsp;&nbsp;&nbsp;• The
 start date for distributions;

&nbsp;&nbsp;&nbsp;&nbsp;• The
 time period in which all amounts in your Contract(s) must be distributed; and

&nbsp;&nbsp;&nbsp;&nbsp;• Distribution
 amounts.

The following discussion is general, and the details of the required minimum distribution rules are extremely complex. Consult a tax advisor for additional information.

**Start Date.** Generally, you must begin receiving distributions by April 1 of the calendar year following the calendar year in which you attain the applicable (age as prescribed by Tax Code Section 401(a)(9)) or in the case of an employer-sponsored plan, April 1 of the calendar year following the calendar year in which you retire, whichever occurs later, unless:

&nbsp;&nbsp;&nbsp;&nbsp;• Under
 401(a), 403(b) and Roth 403(b) plans that are not governmental or church plans, you are a
 5% owner, in which case such distributions must begin by April 1 of the calendar year following
 the calendar year in which you attain the applicable age (as prescribed by Tax Code
 Section 401(a)(9)); or

&nbsp;&nbsp;&nbsp;&nbsp;• Under
 403(b) plans, the Company maintains separate records of amounts held as of December 31, 1986.
 In this case distribution of these amounts generally must begin by the end of the calendar
 year in which you attain age 75.

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However, if you take any distributions in excess of the minimum required amount, then special rules require that the excess be distributed from the December 31, 1986, balance.

Your applicable age is determined as follows:

---

| | |
|:---|:---|
| **If you were born . . .** | **Your "applicable age is …** |
| Before July 1, 1949 | 70½ |
| After June 30, 1949 and before 1951 | 72 |
| After 1950 and before 1960 | 73 |
| After 1959 | 75 |

---

**Time Period.** You must receive distributions from the Contract over a period not extending beyond one of the following time periods:

&nbsp;&nbsp;&nbsp;&nbsp;• Over
 your life or the joint lives of you and your designated Beneficiary; or

&nbsp;&nbsp;&nbsp;&nbsp;• Over
 a period not greater than your life expectancy or the joint life expectancies of you and
 your designated Beneficiary.

**Distribution Amounts.** The amount of each required minimum distribution must be calculated in accordance with Tax Code Section 401(a)(9). Before Income Phase payments begin, the required minimum distribution amount is generally determined by dividing the entire interest in the account as of December 31 of the preceding year by the applicable distribution period. The entire interest in the account includes the amount of any outstanding rollover, transfer and recharacterization, if applicable, and the actuarial present value of other benefits provided under the account, such as guaranteed death benefits and any optional living benefit. If Income Phase payments have begun under an annuity option that satisfies the Tax Code Section 401(a)(9) regulations, such payments will generally be viewed as satisfying your required minimum distribution.

**25% Excise Tax.** If you fail to receive the required minimum distribution for any tax year, a 25% excise tax is imposed on the required amount that was not distributed. The excise tax on failure is further reduced from 25% to 10% if corrected in a timely manner and may also be waived by the IRS under certain circumstances.

Further information regarding required minimum distributions may be found in your Contract or certificate.

**Required Distributions Upon Death (401(a), 403(b) and Roth 403(b) Plans)**

Upon your death, any remaining interest in a 401(a), 403(b) and Roth 403(b) plan must be distributed in accordance with federal income tax requirements under Section 401(a)(9) of the Tax Code. The death benefit provisions of your Contract will be interpreted to comply with those requirements. The post-death distribution requirements were amended, applicable generally with respect to deaths occurring after 2019, by the Setting Every Community Up for Retirement Enhancement Act ("SECURE Act"), which was part of the larger Further Consolidated Appropriations Act, 2020. The post-death distribution requirements under prior law continue to apply in certain circumstances.

**Prior Law.** Under prior law, if an employee under an employer sponsored retirement plan dies prior to the required beginning date, the remaining interest must be distributed (1) within five years after the death (the "five-year rule"), or (2) over the life of the designated Beneficiary, or over a period not extending beyond the life expectancy of the designated Beneficiary, provided that such distributions commence within one year after death (the "lifetime payout rule"). If the employee dies on or after the required beginning date (including after the date distributions have commenced in the form of an annuity), the remaining interest must be distributed at least as rapidly as under the method of distribution being used as of the date of death (the "at-least-as-rapidly rule").

**Current** **Law.** Under the current law, if you die after 2019, and you have a designated Beneficiary, any remaining interest must be distributed within ten years after your death, unless the designated Beneficiary is an eligible designated Beneficiary ("EDB") or some other exception applies. A designated Beneficiary is any individual designated as a Beneficiary by the employee. An EDB is any designated Beneficiary who is (1) your surviving spouse, (2) your minor child, (3) disabled, (4) chronically ill, or (5) an individual not more than ten years younger than you. An individual's status as an EDB is determined on the date of your death. This ten-year post-death distribution period applies regardless of whether you die before your required beginning date, or you die on or after that date (including after distributions have commenced in the form of an annuity). However, if the Beneficiary is an EDB and the EDB

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dies before the entire interest is distributed under this ten-year rule, the remaining interest must be distributed within ten years after the EDB's death (i.e., a new ten-year distribution period begins).

Instead of taking distributions under the new ten-year rule, an EDB can stretch distributions over life, or over a period not extending beyond life expectancy, provided that such distributions commence within one year of your death, subject to certain special rules. In particular, if the EDB dies before the remaining interest is distributed under this stretch rule, the remaining interest must be distributed within ten years after the EDB's death (regardless of whether the remaining distribution period under the stretch rule was more or less than ten years). In addition, if your minor child is an EDB, the child will cease to be an EDB on the date the child reaches the age of majority, and any remaining interest must be distributed within ten years after that date (regardless of whether the remaining distribution period under the stretch rule was more or less than ten years).

If your Beneficiary is not an individual, such as a charity, your estate, or in some cases a trust, any remaining interest after your death generally must be distributed under prior law in accordance with the five-year rule or the at-least-as-rapidly rule, as applicable (but not the lifetime payout rule). However, if your Beneficiary is a trust and all the Beneficiaries of the trust are individuals, the current law may apply pursuant to special rules that treat the Beneficiaries of the trust as designated Beneficiaries, including special rules allowing a Beneficiary of a trust who is disabled or chronically ill to stretch the distribution of their interest over their life or life expectancy in some cases. You should consult a professional tax adviser about the federal income tax consequences of your Beneficiary designations, particularly if a trust is involved.

More generally, the current law applies if you die after 2019, subject to several exceptions. In particular, if you are an employee under a governmental plan, such as a governmental 457(b) plan, the current law applies to your interest in that plan if you die after 2021. In addition, if your plan is maintained pursuant to one or more collective bargaining agreements, the current law generally applies to your interest in that plan if you die after 2021 (unless the collective bargaining agreements terminate earlier).

In addition, the new post-death distribution requirements generally do not apply if the employee died prior to January 1, 2020. However, if the designated Beneficiary of the deceased employee dies after January 1, 2020, any remaining interest must be distributed within ten years of the designated Beneficiary's death. Hence, this ten-year rule generally will apply to a Contract issued prior to 2020 which continues to be held by a designated Beneficiary of an employee who died prior to 2020.

It is important to note that under prior law, Income Phase payments that commenced under a method that satisfied the distribution requirements while the employee was alive could continue to be made under that method after the death of the employee. Under the current law, however, if you commence taking distributions in the form of an annuity that can continue after your death, such as in the form of a joint and survivor annuity or an annuity with a guaranteed period of more than ten years, any distributions after your death that are scheduled to be made beyond the applicable distribution period imposed under the current law might need to be accelerated at the end of that period (or otherwise modified after your death if permitted under federal tax law and by us) in order to comply with the new post-death distribution requirements.

Certain transition rules may apply. Please consult your tax adviser.

**Start Dates for Spousal Beneficiaries.** Under the current law, as under prior law, if your Beneficiary is your spouse, your surviving spouse can delay the application of the post-death distribution requirements until after your surviving spouse's death by transferring the remaining interest tax-free to your surviving spouse's own IRA.

The post-death distribution requirements are complex and unclear in numerous respects. The Internal Revenue Service and U.S. Department of the Treasury have issued very little guidance on the current law. In addition, the manner in which these requirements will apply will depend on your particular facts and circumstances. You may wish to consult a professional tax adviser for tax advice as to your particular situation.

The Contract provides that upon your death, a surviving spouse may have certain continuation rights that he or she may elect to exercise for the Contract's death benefit and any joint-life coverage under an optional living benefit. All Contract provisions relating to spousal continuation are available only to a person who meets the definition of "spouse" under federal law. The U.S. Supreme Court has held that same-sex marriages must be permitted under state law and that marriages recognized under state law will be recognized for federal law purposes. Domestic partnerships

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and civil unions that are not recognized as legal marriages under state law, however, will not be treated as marriages under federal law. Consult a tax adviser for more information on this subject.

**Withholding**

Taxable distributions under the Contract are generally subject to withholding. Federal income tax withholding rates vary according to the type of distribution and the recipient's tax status.

**401(a), 403(b) and Roth 403(b) Plans.** Generally, eligible rollover distributions from these plans are subject to a mandatory 20% federal income tax withholding. However, mandatory withholding will not be required if you elect a direct rollover of the distributions to an eligible retirement plan or in the case of certain other distributions described in the Tax Code.

**Non-Resident Aliens.** If you or your designated Beneficiary is a non-resident alien, any withholding will generally be 30% based on the individual's citizenship, the country of domicile and tax treaty status.

**In-Plan Roth Rollovers**

Tax Code Section 403(b) plans may add a "qualified Roth contribution program," under which employees can forego the current exclusion from gross income for elective deferrals, in exchange for the future exclusion of the distribution of the deferrals and any earnings thereon. That is, participants may elect to make non-excludable contributions to "designated Roth accounts" (instead of making excludable contributions) – and to exclude from gross income (if certain conditions are met) distributions from these accounts (instead of having distributions included in gross income).

If permitted under the plan for which the Contract is issued and provided the plan offers an applicable Roth account (a Roth 403(b) account), non-Roth amounts may be rolled over into a corresponding Roth account within the same plan. The Tax Code provides that, generally, an in-plan rollover to a Roth account is taxable and includable in gross income in the year the rollover occurs, just as if the amount were distributed and not rolled into a qualified account. Please note that in-plan rollovers into a Roth account are not subject to withholding. Consequently, an individual considering such a transaction may want to increase their tax withholding or make an estimated tax payment in the year of the rollover. Amounts rolled over into an in-plan Roth account cannot subsequently be converted back into a non-Roth account.

A partial or full distribution of in-plan Roth rollover amounts and earnings credited on those amounts (or of Purchase Payments made by salary reduction to a Roth account and earnings credited on those Purchase Payments, as described above) will be excludable from income if it is a qualified distribution as defined in the "**Qualified Distributions –Roth 403(b)**" section above.

In-plan Roth rollovers are not subject to the 10% additional tax on early distributions under Tax Code Section 72(t) that would normally apply to distributions from a 403(b) plan to the extent such amounts are attributable to rollovers from a 401(a) or 403(b) plan. However, a special recapture rule applies when a plan distributes any part of the in-plan Roth rollover within a five-year taxable period, making the distribution subject to the 10% additional tax on early distributions under Tax Code Section 72(t) unless an exception to this tax applies or the distribution is allocable to any nontaxable portion of the in-plan Roth rollover. The five-year taxable period begins January 1 of the year of the in-plan Roth rollover and ends on the last day of the fifth year of the period. This special recapture rule does not apply when the participant rolls over the distribution to another designated Roth account or to a Roth IRA but does apply to a subsequent distribution from the rolled over account or Roth IRA within the five-year taxable period.

**Due to administrative complexity, certain in-plan Roth rollovers may not be available through the Contract. Additionally, the tax rules associated with Roth accounts and in-plan Roth rollovers can be complex and you should seek tax and/or legal advice regarding your particular situation.**

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**Assignment and Other Transfers**

**401(a), 403(b) and Roth 403(b) Plans.** Your beneficial interest in the Contract may not be assigned or transferred to persons other than:

&nbsp;&nbsp;&nbsp;&nbsp;• A
 plan participant as a means to provide benefit payments;

&nbsp;&nbsp;&nbsp;&nbsp;• An
 alternate payee under a QDRO in accordance with Tax Code Section 414(p);

&nbsp;&nbsp;&nbsp;&nbsp;• The
 Company as collateral for a loan; or

&nbsp;&nbsp;&nbsp;&nbsp;• The
 enforcement of a federal income tax lien or levy.

**Federal Estate, Gift and Generation-Skipping Transfer Taxes**

While no attempt is being made to discuss in detail the Federal estate tax implications of the Contract, a purchaser should keep in mind that the value of an annuity contract owned by a decedent and payable to a beneficiary who survives the decedent is included in the decedent's gross estate. Depending on the terms of the annuity contract, the value of the annuity included in the gross estate may be the value of the lump sum payment payable to the designated beneficiary or the actuarial value of the payments to be received by the beneficiary. Consult an estate planning advisor for more information.

Under certain circumstances, the Code may impose a generation-skipping ("GST") tax when all or part of an annuity contract is transferred to, or a death benefit is paid to, an individual two or more generations younger than the Owner. Regulations issued under the Code may require us to deduct the tax from your Contract, or from any applicable payment, and pay it directly to the IRS.

The federal estate tax, gift tax, and GST tax exemptions and maximum rates may be adjusted each year. The potential application of these taxes underscores the importance of seeking guidance from a qualified adviser to help ensure that your estate plan adequately addresses your needs and those of your beneficiaries under all possible scenarios.

**Annuity Purchases by Residents of Puerto Rico**

The Internal Revenue Service has announced that income received by residents of Puerto Rico under life insurance or annuity contracts issued by a Puerto Rico branch of a United States life insurance company is U.S.-source income that is generally subject to United States Federal income tax.

**Possible Changes in Taxation**

Although the likelihood of changes in tax legislation, regulation, rulings, and other interpretation thereof is uncertain, there is always the possibility that the tax treatment of the Contract could change by legislation or other means. It is also possible that any change could be retroactive (i.e., effective before the date of the change). You should consult a tax and/or legal adviser with respect to legislative developments and their effect on the Contract.

**Taxation of the Company**

We are taxed as a life insurance company under the Tax Code. The Separate Account is not a separate entity from us. Therefore, it is not taxed separately as a "regulated investment company" but is taxed as part of the Company.

We automatically apply investment income and capital gains attributable to the Separate Account to increase reserves under the Contract. Because of this, under existing federal tax law we believe that any such income and gains will not be taxed. Because we do not expect that we will incur any federal income tax liability attributable to the Separate Account we do not intend to make any provision for such taxes. However, changes in the tax laws and/or in their interpretation may result in our being taxed on income or gains attributable to the Separate Account. In this case we may impose a charge against a separate account (with respect to some or all of the Contracts) to set aside provisions to pay such taxes. We may deduct this amount from the Separate Account, including from your Contract value invested in the Subaccounts.

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In calculating our corporate income tax liability, we may claim certain corporate income tax benefits associated with the investment company assets, including Separate Account assets, which are treated as Company assets under applicable income tax law. These benefits may reduce our overall corporate income tax liability. Under current law, such benefits include foreign tax credits and corporate dividends received deductions. We do not pass the tax benefits to the holders of the Separate Account because (1) the Contract Owners are not the owners of the assets generating these benefits under applicable income tax law; and (2) we do not currently include Company income taxes in the tax charges you pay under the Contract. We reserve the right to change these tax practices.

**OTHER TOPICS**

**Right to Cancel**

**When and How to Cancel.** If the Contract Holder chooses to cancel a Contract, we must receive the Contract and a written notice of cancellation within ten days (or a longer period if required by state law) after the Contract Holder's receipt of the Contract.

If you wish to cancel participation in the Contract and are allowed to do so under the Contract and the plan, you must send the document evidencing your participation and a written notice of cancellation to the Company within ten days after you receive confirmation of your participation in the Contract.

**Refunds.** We will produce a refund no later than seven calendar days after Customer Service receives the required documents and written notice in Good Order. The refund will equal amounts contributed to the Contract or account(s), as applicable, plus any earnings or less any losses attributable to the investment options in which amounts were invested. In certain states, we are required to refund contributions. When a refund of contributions is not required, the Investor bears any investment risk.

**Contract Distribution**

**General**

The Company's subsidiary, Voya Financial Partners, LLC, serves as the principal underwriter for the Contract. Voya Financial Partners, LLC, a Delaware limited liability company, is registered as a broker-dealer with the SEC. Voya Financial Partners, LLC is also a member of FINRA and the Securities Investor Protection Corporation. Voya Financial Partners, LLC's principal office is located at One Orange Way, Windsor, CT 06095-4774.

We sell the Contract through licensed insurance agents who are registered representatives of broker-dealers that have entered into selling agreements with Voya Financial Partners, LLC. We refer to these broker-dealers as "distributors." Voya Financial Advisors, Inc. is a distributor affiliated with the Company that has entered into a selling agreement with Voya Financial Partners, LLC for the sale of our variable annuity contracts.

Registered representatives of distributors who solicit sales of the Contract typically receive a portion of the compensation paid to the distributor in the form of commissions or other compensation, depending upon the agreement between the distributor and the registered representative. This compensation, as well as other incentives or payments, is not paid directly by Contract Holders or the Separate Account, but instead is paid by us through Voya Financial Partners, LLC. We intend to recoup this compensation, and other sales expenses paid to distributors through fees and charges imposed under the Contract.

**Compensation Arrangements.** Distributors that offer and sell the Contract are compensated through a fixed compensation arrangement. Likewise, registered representatives who offer and sell the Contract will be compensated through a fixed compensation arrangement that is not tied to the allocation of contributions to any particular contract or Fund or to the sale of other products. Their compensation is much like a salary, which compensates the registered representative for all of their services to the plan and plan participants, including both group and individual educational meetings with plan participants to help increase participation in the plan and improve participant satisfaction with the plan. A registered representative's compensation may fluctuate based on the number of participants serviced or if they meet or exceed certain plan service standards or objectives.

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To the extent permitted by SEC and FINRA rules and other applicable laws and regulations, we may also pay or allow promotional incentives or payments in the form of cash payments or other compensation to distributors, which may require the registered representative to attain a certain threshold of sales of Company products. Under one such program, we may pay additional amounts to distributors in connection with a participant's increased or re-started contributions and/or the number of participant enrollments completed by a registered representative during a specified time period. These other promotional incentives or payments may be limited to contracts offered to certain plans, may not be offered to all distributors, and may be limited only to Voya Financial Advisors, Inc. and other distributors affiliated with the Company.

We may also enter into special compensation arrangements with certain distributors based on those firms' aggregate or anticipated sales of the Contract or other criteria. These arrangements may include commission specials, in which commissions may be paid in connection with Purchase Payments received for a limited time period. These special compensation arrangements may not be offered to all distributors, and the terms of such arrangements may differ among distributors based on various factors. These special compensation arrangements may also be limited only to Voya Financial Advisors, Inc. and other distributors affiliated with the Company. Any such compensation payable to a distributor will not result in any additional direct charge to you by us.

Some personnel may receive various types of non-cash compensation as special sales incentives, including trips, and we may also pay for some personnel to attend educational and/or business seminars. Any such compensation will be paid in accordance with SEC and FINRA rules. Management personnel may receive additional compensation for sales of group contracts with Fixed Plus Account II to group Contract Holders of existing Company contracts containing certain older fixed account options, to be made available to those participants who established an account with the Company after the issuance of the new group contract. These other promotional incentives or payments may be limited to sales during a limited period of time. Compensation for certain management personnel, including sales management personnel, may be enhanced if management personnel meet or exceed goals for sales of the Contract, or if the overall amount of investments in the Contract and other products issued or advised by the Company or its affiliates increases over time. Certain management personnel may also receive compensation that is a specific percentage of the purchase payments received under the Contract, or which may be a flat dollar amount that varies based upon other factors, including management's ability to meet or exceed service requirements, sell new contracts or retain existing contracts, or sell additional service features such as a common remitting program.

In addition to direct cash compensation for sales of Contracts described above, through Voya Financial Partners, LLC, we may also pay distributors additional compensation or reimbursement of expenses for their efforts in selling Contracts to you and other customers. These amounts may include:

&nbsp;&nbsp;&nbsp;&nbsp;• Marketing/distribution
 allowances that may be based on the percentages of Purchase Payments received, the aggregate
 commissions paid and/or the aggregate assets held in relation to certain types of designated
 insurance products issued by the Company and/or its affiliates during the year;

&nbsp;&nbsp;&nbsp;&nbsp;• Loans
 or advances of commissions in anticipation of future receipt of Purchase Payments (a form
 of lending to registered representatives). These loans may have advantageous terms, such
 as reduction or elimination of the interest charged on the loan and/or forgiveness of the
 principal amount of the loan, which may be conditioned on sales;

&nbsp;&nbsp;&nbsp;&nbsp;• Education
 and training allowances to facilitate our attendance at certain educational and training
 meetings to provide information and training about our products. We also hold training programs
 from time to time at our own expense;

&nbsp;&nbsp;&nbsp;&nbsp;• Sponsorship
 payments or reimbursements for distributors to use in sales contests and/or meetings for
 their registered representatives who sell our products. We do not hold contests based solely
 on sales of this product;

&nbsp;&nbsp;&nbsp;&nbsp;• Certain
 overrides and other benefits that may include cash compensation based on the amount of earned
 commissions, representative recruiting or other activities that promote the sale of contracts;
 and

&nbsp;&nbsp;&nbsp;&nbsp;• Additional
 cash or noncash compensation and reimbursements permissible under existing law. This may
 include, but is not limited to, cash incentives, merchandise, trips, occasional entertainment,
 meals, and tickets to sporting events, client appreciation events, business and educational
 enhancement items, payment for travel expenses (including meals and lodging) to pre-approved
 training and education seminars and payment for advertising and sales campaigns.

We pay dealer concessions, wholesaling fees, overrides, bonuses, other allowances and benefits and the costs of all other incentives or training programs from our resources, which include the fees and charges imposed under the Contract.

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This is a general discussion of the types and levels of compensation paid by us for the sale of our variable annuity contracts. It is important for you to know that the payment of volume or sales-based compensation to a distributor or registered representative may provide that registered representative a financial incentive to promote our contracts over those of another company and may also provide a financial incentive to promote one of our contracts over another.

The names of the distributor and the registered representative responsible for your account are stated in your enrollment materials.

***Financial Intermediary Variations***

 

Variations in contract benefits or features described in this Prospectus may be imposed without our knowledge by some financial institutions or broker-dealers through which the Contract was sold. For example, your financial professional may not recommend a particular Portfolio or contract benefit to you. Because of the breadth of our distribution network, our agreements with our distribution partners and the fact that the Contract is an older legacy annuity product that has not been offered for sale for a significant period of time, we cannot obtain pertinent information regarding such variations without unreasonable effort and expense.

If you have any questions about any limitations, restrictions, or other variations related to the Portfolios, contract benefits or other contract features available to you, please reach out to your financial institution or broker-dealer.

 

**Order Processing**

In certain circumstances, we may need to correct the pricing associated with an order that has been processed. In such circumstances, we may incur a loss or receive a gain depending upon the price of the Fund when the order was executed and the price of the Fund when the order is corrected. Losses may be covered from our assets and gains that may result from such order correction will be retained by us as additional compensation associated with order processing.

**Anti-Money Laundering**

 

In order to protect against the possible misuse of our products in money laundering or terrorist financing, we have adopted an anti-money laundering program satisfying the requirements of the USA PATRIOT Act and other current anti-money laundering laws. Among other things, this program requires us, our agents and customers to comply with certain procedures and standards that will allow us to verify the identity of the sponsoring organization, and that contributions and loan repayments are not derived from improper sources.

Under our anti-money laundering program, we may require customers, and/or Beneficiaries to provide sufficient evidence of identification, and we reserve the right to verify any information provided to us by accessing information databases maintained internally or by outside firms.

We may also refuse to accept certain forms of payments or loan repayments (traveler's cheques, for example) or restrict the amount of certain forms of payments or loan repayments. In addition, we may require information as to why a particular form of payment was used (third party checks, for example) and the source of the funds of such payment in order to determine whether or not we will accept it. Use of an unacceptable form of payment may result in us returning the payment to you.

**Applicable laws designed to prevent terrorist financing and money laundering might, in certain circumstances, require us to block certain transactions until authorization is received from the appropriate regulator. We may also be required to provide additional information about you and your Contract to government regulators.**

Our anti-money laundering program is subject to change without notice to take account of changes in applicable laws or regulations and our ongoing assessment of our exposure to illegal activity.

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**Unclaimed Property**

Every state has some form of unclaimed property laws that impose varying legal and practical obligations on insurers and, indirectly, on Contract Owners, insureds, Beneficiaries, and other payees of proceeds. Unclaimed property laws generally provide for escheatment to the state of unclaimed proceeds under various circumstances.

Contract Owners are urged to keep their own, as well as their Beneficiaries' and other payees', information up to date, including full names, postal and electronic media addresses, telephone numbers, dates of birth, and Social Security numbers. Such updates should be communicated to Customer Service.

**Payment Delay or Suspension**

We reserve the right to suspend or postpone the date of any payment of benefits or values under the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;• On
 any valuation date when the NYSE is closed (except customary weekend and holiday closings),
 or when trading on the NYSE is restricted;

&nbsp;&nbsp;&nbsp;&nbsp;• When
 an emergency exists as determined by the SEC so that disposal of securities held in the Subaccounts
 is not reasonably practicable or it is not reasonably practicable to fairly determine the
 value of the Subaccount's assets; and

&nbsp;&nbsp;&nbsp;&nbsp;• During
 any other periods the SEC may by order permit for the protection of Investors.

The conditions under which restricted trading or an emergency exists shall be determined by the rules and regulations of the SEC.

Payment of benefits or values may also be delayed or suspended as required by court order or any regulatory action.

**Intent to Confirm Quarterly**

Under certain Contracts, we will provide confirmation of scheduled transactions quarterly rather than immediately to the participant.

**Legal Proceedings**

We are not aware of any pending legal proceedings that are likely to have a material adverse effect upon the Company's ability to meet its obligations under the Contract, Voya Financial Partners, LLC's ability to distribute the Contract or upon the Separate Account.

&nbsp;&nbsp;&nbsp;&nbsp;• **Litigation.** Notwithstanding the foregoing, the Company and/or Voya Financial Partners, LLC, is a
 defendant in a number of litigation matters arising from the conduct of its business, both
 in the ordinary course and otherwise. In some of these matters, claimants may seek to recover
 very large or indeterminate amounts, including compensatory, punitive, treble and exemplary
 damages. Certain claims are asserted as class actions. Modern pleading practice in the U.S.
 permits considerable variation in the assertion of monetary damages and other relief. The
 variability in pleading requirements and past experience demonstrates that the monetary and
 other relief that may be requested in a lawsuit or claim oftentimes bears little relevance
 to the merits or potential value of a claim.

&nbsp;&nbsp;&nbsp;&nbsp;• **Regulatory Matters.** As with other financial services companies, the Company and its affiliates,
 including Voya Financial Partners, LLC, periodically receive informal and formal requests
 for information from various state and federal governmental agencies and self-regulatory
 organizations in connection with inquiries and investigations of the products and practices
 of the Company or the financial services industry. It is the practice of the Company to cooperate
 fully in these matters.

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The outcome of a litigation or regulatory matter and the amount or range of potential loss is difficult to forecast and estimating potential losses requires significant management judgment. It is not possible to predict the ultimate outcome for all pending litigation and regulatory matters and given the large and indeterminate amounts sought and the inherent unpredictability of such matters, it is possible that an adverse outcome in certain litigation or regulatory matters could, from time to time, have a material adverse effect upon the Company's results of operations or cash flows in a particular quarterly or annual period.

**Financial Statements**

The statements of assets and liabilities, the statements of operations, the statements of changes in net assets and the related notes to financial statements for Variable Annuity Account C and the consolidated financial statements and the related notes to consolidated financial statements for Voya Retirement Insurance and Annuity Company are located in the SAI. To request a free SAI, please contact Customer Service at 1-800-584-6001.

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**APPENDIX A: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT**

**The Variable Options and Fixed Interest Options available to you may vary based on employer. You should refer to your plan documents for a list of available Investment Options.**

***Variable Options***

**The following is a list of Funds available under the Contract. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at <u>https://vpx.broadridge.com/getcontract1.asp?doctype=pros&dtype=isp&cid=voyavpx&fid=NVA003240</u>. You can also request this information at no cost by calling 1-800-584-6001 or by sending an email request to ProspectusRequests@voya.com. The Funds available to you may vary based on employer and state approval and participants should refer to their plan documents for a list of available Funds.**

**The current expenses and performance information below reflects fee and expenses of the Funds, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Fund's past performance is not necessarily an indication of future performance.**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **INVESTMENT OBJECTIVE** | **FUND NAME**<br> **INVESTMENT ADVISER/SUBADVISER** | **CURRENT EXPENSES** | **AVERAGE ANNUAL TOTAL RETURNS**<br> (as of 12/31/2025) | **AVERAGE ANNUAL TOTAL RETURNS**<br> (as of 12/31/2025) | **AVERAGE ANNUAL TOTAL RETURNS**<br> (as of 12/31/2025) |
| **INVESTMENT OBJECTIVE** | **FUND NAME**<br> **INVESTMENT ADVISER/SUBADVISER** | **CURRENT EXPENSES** | **1 Year** | **5 Years** | **10 Years** |
| Seeks to maximize total returns and maintain lower volatility relative to the overall market. | **abrdn Emerging Markets ex-China Fund (Institutional Class)**<br>**Investment Adviser:** abrdn Inc. | 0.90%<sup>\*</sup> | 34.87% | 8.90% | 10.06% |
| Achieve long-term capital appreciation. | **DFA Emerging Markets Core Equity 2 Portfolio**<br> **(Institutional Shares)**<sup>1</sup><br>**Investment Adviser:** Dimensional Fund Advisors LP<br>**Subadvisers:** Dimensional Fund Advisors Ltd. and DFA Australia Limited | 0.39% | 28.77% | 7.14% | 9.26% |
| Provide inflation protection and earn current income consistent with inflation-protected securities. | **DFA Inflation-Protected Securities Portfolio**<br> **(Institutional Shares)**<sup>1</sup><br>**Investment Adviser:** Dimensional Fund Advisors LP | 0.11% | 7.03% | 1.01% | 3.11% |

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<sup>\*</sup> Current expenses reflect applicable waivers or expense limitations as reported in the Fund's prospectus.

<sup>1</sup> This Fund is available to the general public in addition to being available through variable annuity contracts. **See "FEDERAL TAX CONSIDERATIONS - Special Considerations for Section 403(b) Plans" for a discussion of investment in one of the public funds under 403(b) or Roth 403(b) annuity contracts.**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **INVESTMENT OBJECTIVE** | **FUND NAME**<br> **INVESTMENT ADVISER/SUBADVISER** | **CURRENT EXPENSES** | **AVERAGE ANNUAL TOTAL RETURNS**<br> (as of 12/31/2025) | **AVERAGE ANNUAL TOTAL RETURNS**<br> (as of 12/31/2025) | **AVERAGE ANNUAL TOTAL RETURNS**<br> (as of 12/31/2025) |
| **INVESTMENT OBJECTIVE** | **FUND NAME**<br> **INVESTMENT ADVISER/SUBADVISER** | **CURRENT EXPENSES** | **1 Year** | **5 Years** | **10 Years** |
| Seeks to long-term capital appreciation. | **DFA U.S. Targeted Value Portfolio (Institutional Class)**<sup>1</sup><br>**Investment Adviser:** Dimensional Fund Advisors LP | 0.29%<sup>\*</sup> | 9.55% | 13.60% | 10.81% |
| Seeks to long-term capital appreciation | **Neuberger Quality Equity Fund (Institutional Class)<sup>\*\*</sup>**<br>**Investment Adviser:** Neuberger Berman Investment Advisers LLC | 0.69% | 17.59% | 14.08% | 13.68% |
| Seeks to provide growth of capital. | **Nomura Mid Cap Growth Fund (Institutional Class)<sup>\*\*\*</sup>**<br>**Investment Adviser:** Nomura Investment Management Business Trust<sup>\*\*\*</sup> | 0.79%<sup>\*</sup> | 1.12% | 0.27% | 11.00% |
| Seeks to provide long-term capital appreciation through investments in common stocks of growth companies. | **T. Rowe Price Large-Cap Growth Fund (Class I)**<sup>1</sup><br>**Investment Adviser:** T. Rowe Price Associates, Inc. | 0.55% | 17.65% | 12.46% | 16.91% |
| Aims to maximize total return over the course of a market cycle by following a value-based discipline that adjusts portfolio risk profiles over time. | **TCW MetWest Total Return Bond Fund (Class I)**<sup>1</sup><br>**Investment Adviser:** TCW Metropolitan West Asset Management, LLC<br>| 0.44% | 7.81% | -0.55% | 2.09% |
| Seeks to provide investors with long-term capital growth. | **Touchstone Value Fund (Institutional Shares)**<sup>2</sup><br>**Investment Adviser:** Touchstone Advisors, Inc.<br>**Subadviser:** Barrow, Hanley, Mewhinney & Strauss, LLC | 0.68%<sup>\*</sup> | 11.78% | 12.34% | 11.11% |
| A *non-diversified* Portfolio that seeks long-term capital growth. | **Voya Large Cap Growth Portfolio (Class I)<br>Investment Adviser:** Voya Investments, LLC<br>**Subadvisers:** Voya Investment Management Co. LLC and T. Rowe Price Associates Inc.<sup>\*\*\*\*</sup> | 0.67%<sup>\*</sup> | 15.33% | 12.23% | 15.19% |

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| | |
|:---|:---|
| <sup>\*</sup> | Current expenses reflect applicable waivers or expense limitations as reported in the Fund's prospectus. |
| <sup>\*\*</sup> | Effective July 28, 2025, the Neuberger Berman Sustainable Equity Fund changed its name to the Neuberger Quality Equity Fund. |
| <sup>\*\*\*</sup> | Effective December 1, 2025, the Macquarie Mid Cap Growth Fund changed its name to the Nomura Mid Cap Growth Fund and the investment manager changed from the Delaware Management Company to the Nomura Investment Management Business Trust. |
| <sup>\*\*\*\*</sup> | Effective on or about October 27, 2025, T. Rowe Price Associates Inc. was added as a sub-adviser to Voya Large Cap Growth Portfolio. |
| <sup>1</sup> | This Fund is available to the general public in addition to being available through variable annuity contracts. **See "FEDERAL TAX CONSIDERATIONS - Special Considerations for Section 403(b) Plans" for a discussion of investment in one of the public funds under 403(b) or Roth 403(b) annuity contracts.** |

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***Fixed Interest Options***

**The following is the Fixed Interest Option currently available under the Contract. The availability of the Fixed Interest Option may vary based on employer and state approval and participants should refer to their plan documents for a list of available Fixed Interest Options. We may change the features of the Fixed Interest Option listed below, offer new Fixed Interest Options, and terminate existing Fixed Interest Option. We will provide you with written notice before doing so.**

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| | | |
|:---|:---|:---|
| **Name** | **Term\*** | **Minimum Guaranteed Interest Rate** |
| The Fixed Plus Account II | N/A | 1.00% |

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\* The guaranteed minimum interest rate for your Contract is stated in your Contract, and will not be less than stated.

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**APPENDIX B: FIXED PLUS ACCOUNT II**

The Fixed Plus Account II is an investment option that may be available during the accumulation phase under some contracts. The amounts allocated to the Fixed Plus Account II is held in the Company's general account which supports insurance and annuity obligations. All guarantees and benefits provided under the Contract that are not related to the Separate Account are subject to the claims paying ability and financial strength of the Company and our General Account.

Additional information about this option may be found in the Contract.

**General Disclosure.** Interests in the Fixed Plus Account II have not been registered with the SEC in reliance upon exemptions under the Securities Act of 1933, as amended. Disclosure in this Prospectus regarding the Fixed Plus Account II may be subject to certain generally applicable provisions of the federal securities laws relating to the accuracy and completeness of the statements. The Fixed Plus Account II is not registered as an investment company under the 1940 Act.

**Certain Restrictions.** This option may not be available in all states or in certain contracts. We reserve the right to limit investments in or transfers to the Fixed Plus Account II. You may not elect certain withdrawal options, including the systematic distribution option, if you have requested a Fixed Plus Account II transfer or withdrawal in the prior 12-month period. Under certain emergency conditions, we may defer payment of a withdrawal from the Fixed Plus Account II for a period of up to six months, after making a written request and receiving approval from the applicable insurance commissioner.

**Interest Rates.** The Fixed Plus Account II guarantees that amounts allocated to this option will earn no less than the Guaranteed Minimum Interest Rate specified in the contract. Each calendar year (1/1 to 12/31), the Company will also set a one-year minimum guaranteed floor rate which will apply to all amounts held in the Fixed Plus Account II during that calendar year. We may credit interest at a current rate that is guaranteed not to be below either the minimum guaranteed floor rate or the GMIR. The current rate may be changed at any time, except that we will not apply a decrease to the current rate following a rate change initiated solely by us prior to the last day of the three-month period measured from the first day of the month in which such change was effective. Among other factors, the safety of the interest rate guarantees depends upon the claims-paying ability of the Company. Amounts applied to the Fixed Plus Account II will earn the interest rate in effect at the time money is applied. Amounts in the Fixed Plus Account II will reflect a compound interest rate as credited by us. The rate we quote is an annual effective yield. For information about current interest rates, please contact Customer Service at 1-800-584-6001.

Our determination of credited interest rates reflects a number of factors, which may include mortality and expense risks, interest rate guarantees, the investment income earned on invested assets and the amortization of any capital gains and/or losses realized on the sale of invested assets. Under this option, we assume the risk of investment gain or loss by guaranteeing the amounts you allocate to this option and promising minimum interest rates during the accumulation period and also throughout the annuity payout period, if applicable.

**Requests for Partial Withdrawals.** The contract holder or you, if permitted by the plan, may take up to 20% of the Fixed Plus Account II value as a partial withdrawal in each 12-month period. We determine the amount eligible for partial withdrawal as of the date we receive a request for partial withdrawal in good order at the address referenced under "**Contract Overview** **– Questions: Contacting the Company**." The amount allowed for partial withdrawal is reduced by any Fixed Plus Account II withdrawals, transfers, loans, or amounts applied to income phase payment options made in the prior 12 months. In calculating the 20% limit, we reserve the right to include payments made due to the election of a systematic distribution option.

**Waiver of Partial Withdrawal Limits.** We waive the 20% limit if the partial withdrawal is due to the election of an income phase payment option on a life-contingent basis or payments for a stated period on a fixed-only basis. We also waive the 20% limit for withdrawals due to your death. The waiver upon death may only be exercised once and must occur within six months after your date of death.

The 20% limit is also waived if the withdrawal is due to financial hardship or hardship resulting from an unforeseeable emergency, as defined by the Tax Code and regulations thereunder (under some contracts it must be for an unforeseeable emergency), and the following requirements are satisfied:

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&nbsp;&nbsp;&nbsp;&nbsp;• The
 hardship or unforeseeable emergency is certified by your employer, if applicable;

&nbsp;&nbsp;&nbsp;&nbsp;• The
 amount is paid directly to you; and

&nbsp;&nbsp;&nbsp;&nbsp;• The
 amount paid for all withdrawals due to hardship or unforeseeable emergency during the previous
 12-month period does not exceed 20% of the average value of all individual accounts under
 the relevant contracts during that same period.

The 20% limit is also waived if the partial withdrawal is due to separation from service and the following conditions are met:

&nbsp;&nbsp;&nbsp;&nbsp;• The
 separation from service is documented in a form acceptable to us;

&nbsp;&nbsp;&nbsp;&nbsp;• The
 amount withdrawn is paid directly to you or as a direct rollover to a Tax Code Section 403(b),
 401 or an Individual Retirement Account or Individual Retirement Annuity designated by you;
 and

&nbsp;&nbsp;&nbsp;&nbsp;• The
 amount paid for all partial and full withdrawals due to separation from service during the
 previous 12-month period does not exceed 20% of the average value of all individual accounts
 under the relevant contracts during that same period.

In addition, under some contracts for 401(a) plans, the percentage limit is waived:

&nbsp;&nbsp;&nbsp;&nbsp;• For any in-service
distribution permitted by the plan when:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The
 distribution is certified by the employer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The
 amount is paid directly to the participant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The
 amount paid for all withdrawals during the previous 12 months does not exceed 20% of the
 average value of all individual accounts under the contract during that period.

&nbsp;&nbsp;&nbsp;&nbsp;• For
 the purposes of taking a loan from the plan, subject to conditions agreed to by the contract
 holder and the Company in writing.

Additionally, under certain contracts, the percentage limit is waived:

• &nbsp;&nbsp;&nbsp;&nbsp; To purchase permissive past service credit under a governmental defined benefit plan.

• &nbsp;&nbsp;&nbsp;&nbsp; Due to disability as defined in the Tax Code, and when:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If
 applicable, certified by an employer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;The amount is paid directly to the participant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The
 amount paid for all withdrawals due to disability during the previous 12 months does not
 exceed 20% of the average value of all individual accounts under the contract during that
 period.

We may allow other waivers of the percentage limit on partial withdrawals to participants in certain plans. You can determine what additional waivers, if any, apply to you by referring to the contract or certificate.

**Requests for Full Withdrawals.** If the contract holder or you, as applicable, if allowed by the plan and permitted under the contract, request a full withdrawal of your account value or the value of all individual accounts, we will pay any amounts held in the Fixed Plus Account II with interest, in five annual payments equal to:

&nbsp;&nbsp;&nbsp;&nbsp;• One-fifth
 of the individual Fixed Plus Account II value, or the value of the sum of all individual
 accounts, as applicable, in the Fixed Plus Account II on the day the request is received,
 reduced by any Fixed Plus Account II withdrawals, transfers, amounts used to purchase income
 phase payments, or loans initiated by either by the contract holder or you during the prior
 12 months;

&nbsp;&nbsp;&nbsp;&nbsp;• One-fourth
 of the remaining Fixed Plus Account II value 12 months later; reduced by any Fixed Plus Account
 II withdrawals, transfers, amounts used to purchase annuity payments, or loans initiated
 by either by the contract holder or you during the prior 12 months;

&nbsp;&nbsp;&nbsp;&nbsp;• One-third
 of the remaining Fixed Plus Account II value 12 months later; reduced by any Fixed Plus Account
 II withdrawals, transfers, amounts used to purchase annuity payments, or loans initiated
 by either by the Contract Holder or you, during the prior 12 months;

&nbsp;&nbsp;&nbsp;&nbsp;• One-half
 of the remaining Fixed Plus Account II value 12 months later; and reduced by any Fixed Plus
 Account II withdrawals, transfers, amounts used to purchase annuity payments, or loans initiated
 by either by the contract holder or you during the prior 12 months; and

&nbsp;&nbsp;&nbsp;&nbsp;• The
 balance of the Fixed Plus Account II value 12 months later.

Subject to these five-year payment provisions, the contract holder may withdraw the sum of the value of all individual accounts under the contract provided that the contract holder controls the contract.

The contract holder or you, as applicable, may cancel a full withdrawal request from the Fixed Plus Account II at any time.

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Once a request is received for a full withdrawal, no further withdrawals, loans, or transfers will be permitted from the Fixed Plus Account. Your request may be cancelled at any time before the end of the five-year period. If any contributions are received to your account at any time during the five-year payment period, the full withdrawal will be cancelled, and your Fixed Plus Account installment payments will cease. If your full withdrawal is cancelled (either by your request or due to receipt of a contribution to your account), a new five-year payment period will begin upon any future full withdrawal from the Fixed Plus Account.

**Waiver of Full Withdrawal Provisions.** We will waive the Fixed Plus Account II five-installment payout for full withdrawals made due to one or more of the following:

&nbsp;&nbsp;&nbsp;&nbsp;• When
 the amount in the Fixed Plus Account II is $5,000 or less (or, if applicable, as otherwise
 allowed by the plan for a lump-sum cash-out without participant consent) and during the previous
 12 months no amounts have been withdrawn, transferred, taken as a loan (if allowed under
 the Contract), or used to purchase income phase payments;

&nbsp;&nbsp;&nbsp;&nbsp;• Due
 to a participant's death before income phase payments begin and paid within six months
 of the participant's death;

&nbsp;&nbsp;&nbsp;&nbsp;• Made
 because the Company terminated the account under the circumstances described in "**Other Topics** **– Account Termination** ";

&nbsp;&nbsp;&nbsp;&nbsp;• To
 purchase income phase payments on a life-contingent basis or payments for a stated period
 on a fixed-only basis;

&nbsp;&nbsp;&nbsp;&nbsp;• Due
 to a participant's separation from service (provided, however, that such waiver shall
 not apply due to a participant's severance from employment that would not otherwise
 qualify as a separation from service), and when:

• Separation
from service is documented in a form acceptable to us;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The
 amount is paid directly to the participant or as a direct rollover to another Tax Code Section
 403(b), 401 or an Individual Retirement Account or Individual Retirement Annuity designated
 by the participant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The
 amount paid for all withdrawals due to separation from service during the previous 12 months
 does not exceed 20% of the average value of all individual accounts under the contract during
 that period;

&nbsp;&nbsp;&nbsp;&nbsp;• Due to a participant's financial hardship or unforeseeable
emergency as defined in the Tax Code, and when:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If applicable, certified by the employer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The amount is paid directly to the participant; and

• The
amount paid for all withdrawals due to financial hardship during the previous 12 months does not exceed 20% of the average value of all
individual accounts under the contract during that period.

Additionally, under certain contracts we will waive the five-payment full withdrawal provision due to one or more of the following:

&nbsp;&nbsp;&nbsp;&nbsp;• For any in-service distribution permitted by the plan, when:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Certified by the employer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The amount is paid directly to the participant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The
 amount paid for all withdrawals during the previous 12 months does not exceed 20% of the
 average value of all individual accounts under the contract during that period.

&nbsp;&nbsp;&nbsp;&nbsp;• For
 amounts taken as a loan in accordance with the terms of the plan. The withdrawal is made
 on a proportional basis from each of the investment options in which the individual account
 is invested. Certain investment options may be excluded from the proportionally withdrawal
 requirement as directed by the participant at the time of the loan withdrawal and agreed
 to by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;• To purchase permissive past service credit under a governmental
defined benefit plan.

&nbsp;&nbsp;&nbsp;&nbsp;• Due to disability as defined in the Tax Code, and when:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If applicable, certified by the employer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The amount is paid directly to the participant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The
 amount paid for all withdrawals due to disability during the previous 12 months does not
 exceed 20% of the average value of all individual accounts under the contract during that
 period.

Additionally, we may allow other waivers of the five-installment payout for full withdrawals to participants in certain plans. You can determine what additional waivers, if any, apply to you by referring to the contract or certificate.

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**Charges.** We do not make deductions from amounts in the Fixed Plus Account II to cover mortality and expense risks. We consider these risks when determining the credited rate.

**Transfers.** The contract holder or you, if allowed by the plan, may transfer 20% of your account value held in the Fixed Plus Account II in each 12-month period. We determine the amount eligible for transfer on the day we receive a transfer request in good order at the address referenced under "**Contract Overview** **– Questions: Contacting the Company**." We will reduce amounts allowed for transfer by any Fixed Plus Account II withdrawals, transfers, loans, or amounts applied to income phase payment options during the prior 12 months. In calculating the percentage limit on transfers, we reserve the right to include payments made due to the election of any of the systematic distribution options. We will waive the percentage limit on transfers when the value in the Fixed Plus Account II is $5,000 or less.

If you transfer 20% of your account value held in the Fixed Plus Account II in each of four consecutive 12-month periods, you may transfer the remaining balance in the succeeding 12-month period provided you do not allocate any amount to or transfer any other amount from the Fixed Plus Account II during the five-year period. The 20% amount available to transfer under this provision will be reduced by any amount transferred, taken as a loan or applied to income phase payment options within the 12-month period preceding the first 20% transfer. Also, we may reduce it for payments we made from your Fixed Plus Account II value under any systematic distribution option.

**Income Phase.** Subject to the Fixed Plus Account II full and partial withdrawal provisions, amounts accumulating under the Fixed Plus Account II can be used to fund fixed and variable payments during the income phase, but if a nonlifetime income option is selected, payments from the Fixed Plus Account II may only be available on a fixed basis. The Fixed Plus Account II full and partial withdrawal provisions are waived upon the election of a lifetime annuity option or the election of a nonlifetime option on a fixed basis but are not waived upon the election of a nonlifetime option on a variable basis. Availability of subaccounts may vary during the income phase.

**Loans.** If permitted under the plan, loans may be made from account values held in the Fixed Plus Account II. See the loan agreement for a description of the amount available and possible consequences upon loan default if Fixed Plus Account II values are used for a loan.

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**APPENDIX C: PARTICIPANT APPOINTMENT OF EMPLOYER AS AGENT UNDER AN ANNUITY CONTRACT**

&nbsp;&nbsp;**For Plans Under Section 401(a) or 403(b) of the Tax Code, including Roth 403(b) (Except Most Voluntary Section 403(b) Plans)**<sup>\*</sup>

The employer has adopted a plan under Tax Code Sections 401(a), 403(b) or Roth 403(b) ("Plan") and has purchased a VRIAC group variable annuity Contract as the funding vehicle. Contributions under this Plan will be made by the participant through salary reduction to an employee account, and by the employer to an employer account.

By electing to participate in the employer's Plan, the participant voluntarily appoints the employer, who is the Contract Holder, as the participant's agent for the purposes of all transactions under the Contract in accordance with the terms of the Plan. The Company is not a party to the Plan and does not interpret the Plan provisions.

As a participant in the Plan, the participant understands and agrees to the following terms and conditions:

&nbsp;&nbsp;&nbsp;&nbsp;• The
 participant owns the value of his/her employee account subject to the restrictions of Tax
 Code Sections 401(a) and 403(b) and the terms of the Plan. Subject to the terms of the vesting
 schedule in the Plan and the restrictions of Tax Code Section 401(a) and 403(b), the participant
 has ownership in the value of his/her employer account.

&nbsp;&nbsp;&nbsp;&nbsp;• The
 Company will process transactions only with the employer's written direction to the
 Company. The participant will be bound by the employer's interpretation of the Plan
 provisions and its written direction to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;• The
 employer may permit the participant to make investment selections under the employee account
 and/or the employer account directly with the Company under the terms of the Contract. Without
 the employer's written permission, the participant will be unable to make any investment
 selections under the Contract.

&nbsp;&nbsp;&nbsp;&nbsp;• On
 behalf of the participant, the employer may request a loan in accordance with the terms of
 the Contract and the provisions of the Plan. The Company will make payment of the loan amount
 directly to the participant. The participant will be responsible for making repayments directly
 to the Company in a timely manner.

&nbsp;&nbsp;&nbsp;&nbsp;• In
 the event of the participant's death, the employer is the named Beneficiary under the
 terms of the Contract. The participant has the right to name a personal Beneficiary as determined
 under the terms of the Plan and file that Beneficiary election with the employer. It is the
 employer's responsibility to direct the Company to properly pay any death benefits.

<sup>\*</sup> Under most group contracts issued through a voluntary 403(b) or Roth 403(b) plan and under individual contracts, you generally hold all rights under the contract and may make elections for your accounts. However, pursuant to Treasury Department regulations that were generally effective on January 1, 2009, the exercise of certain of these rights may require the consent and approval of the plan sponsor or its delegate. **See "FEDERAL Tax Considerations – Distributions – Eligibility – 403(b) and Roth 403(b) Plans."** See the Contract or your certificate (if applicable) to determine who holds rights under the Contract.

 

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**HOW TO GET MORE INFORMATION**

The SAI includes additional information about the Contract and the Separate Account and is incorporated by reference into this Prospectus. The SAI can be found online at <u>https://vpx.broadridge.com/getcontract1.asp?doctype=sai&dtype=isp&cid=voyavpx&fid=NVA003240</u> or available without charge, upon request, by calling us toll-free at 1-800-584-6001 or by sending an email request to <u>ProspectusRequests@voya.com</u>. You also can request other information and make other inquiries by calling that toll-free number.

Reports and other information about the Variable Annuity Account C, and Voya Retirement Insurance and Annuity Company, are available on the Commission's website at <u>http://www.sec.gov</u>. Copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: <u>publicinfo@sec.gov</u>.

EDGAR Contract Identifier: C000163132

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**PART B**

**INFORMATION REQUIRED IN A STATEMENT OF ADDITIONAL INFORMATION**

**VARIABLE ANNUITY ACCOUNT C** of **VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY**

**Statement of Additional Information Dated May 1, 2026**

**FLORIDA UNIVERSITY SYSTEM OPTIONAL RETIREMENT**

**PROGRAM AND THE FLORIDA SENIOR MANAGEMENT SERVICE OPTIONAL ANNUITY PROGRAM**

**GROUP DEFERRED FIXED AND VARIABLE ANNUITY CONTRACTS**

issued to

**Plans Established by Eligible Organizations under Tax Code Sections 401(a), 403(b) including Roth 403(b)**

This Statement of Additional Information ("SAI") is not a prospectus and should be read in conjunction with the Prospectus dated May 1, 2026, for the Voya Retirement Insurance and Annuity Company Contracts referenced above. The Prospectus sets forth information that a prospective Investor ought to know before investing. You may obtain a free copy of the Prospectus, by either contacting Customer Service at Defined Contract Administration, P.O. Box 990063, Windsor, CT 06199-0063, 1-800-584-6001.

Read the Prospectus before you invest. Terms used in this SAI shall have the same meaning as in the Prospectus.

**TABLE OF CONTENTS**

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| | |
|:---|:---|
|  | Page |
| [GENERAL INFORMATION AND HISTORY](#a_001) | 2 |
| [VARIABLE ANNUITY ACCOUNT C](#a_002) | 2 |
| [SERVICES](#a_003) | 3 |
| [PRINCIPAL UNDERWRITER](#a_004) | 3 |
| [PERFORMANCE REPORTING](#a_005) | 3 |
| [INCOME PHASE PAYMENTS](#a_006) | 4 |
| [FINANCIAL STATEMENTS](#a_007) | 6 |

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**GENERAL INFORMATION AND HISTORY**

The "Company issues the Contract described in the Prospectus and is responsible for providing each Contracts' insurance and annuity benefits. All guarantees and benefits provided under the Contract that are not related to the Separate Account are subject to the claims paying ability of the Company and our General Account. We are a stock life insurance company organized under the insurance laws of the State of Connecticut in 1976. Prior to January 1, 2002, the Company was known as Aetna Life Insurance and Annuity Company. From January 1, 2002, until August 31, 2014, the Company was known as ING Life Insurance and Annuity Company.

We are an indirect, wholly owned subsidiary of Voya Financial, Inc. ("Voya"), which until April 7, 2014, was known as ING U.S., Inc. In May 2013, the common stock of Voya began trading on the New York Stock Exchange under the symbol "VOYA."

The Company serves as the depositor for the Separate Account.

Other than the mortality and expense risk charge and administrative expense charge described in the Prospectus, all expenses incurred in the operations of the Separate Account are borne by the Company. However, the Company does receive compensation for certain administrative or distribution costs from the Funds or affiliates of the Funds used as funding options under the Contract. **(See "CHARGES AND FEES" in the Prospectus.)**

The assets of the Separate Account are held by the Company. The Separate Account has no custodian. However, the Funds in whose shares the assets of the Separate Account are invested each have custodians, as discussed in their respective prospectuses.

From this point forward, the term "Contract(s)" refers only to those offered through the Prospectus.

**VARIABLE ANNUITY ACCOUNT C (THE "SEPARATE ACCOUNT")**

We established Variable Annuity Account C under Connecticut law in 1976 as a continuation of the separate account established in 1974 under Arkansas law by Aetna Variable Annuity Life Insurance Company. The Separate Account was established by the Company for the purpose of funding variable annuity contracts issued by the Company. It is registered with the U.S. Securities and Exchange Commission (the "SEC") as a unit investment trust under the Investment Company Act of 1940, as amended. Although we hold title to the assets of Variable Annuity Account C, such assets are not chargeable with the liabilities of any other business that we conduct. Income, gains, or losses, whether or not realized, of the Separate Account are credited to or charged against the assets of the Separate Account without regard to other income, gains or losses of the Company. All obligations arising under the Contract are obligations of the Company. All guarantees and benefits provided under the Contract that is not related to the Separate Account are subject to the claims paying ability of the Company and our General Account.

The Separate Account is divided into Subaccounts. Purchase Payments to accounts under the Contract may be allocated to one or more of the Subaccounts. Each Subaccount invests in the shares of only one of the Funds offered under the Contract. We may make additions to, deletions from or substitutions of available investment options as permitted by law and subject to the conditions of the Contract. The availability of the Funds is subject to applicable regulatory authorization. Not all Funds are available in all jurisdictions, under all Contracts or under all plans.

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**SERVICES**

***Experts***

The statements of assets and liabilities of Variable Annuity Account C as of December 31, 2025, and the related statements of operations and changes in net assets for the periods disclosed in the financial statements, and the consolidated financial statements of the Company as of December 31, 2025 and 2024, and for each of the three years in the period ended December 31, 2025, included in the SAI, have been audited by Ernst & Young LLP, independent registered public accounting firm, as set forth in their reports thereon appearing elsewhere herein, and are included in reliance upon such reports given on the authority of such firm as experts in accounting and auditing.

The primary business address of Ernst & Young LLP is 55 Ivan Allen Jr. Boulevard, Suite 1000, Atlanta, GA 30308.

**PRINCIPAL UNDERWRITER**

The Company's subsidiary, Voya Financial Partners, LLC, serves as the principal underwriter for Contracts. Voya Financial Partners, LLC, a Delaware limited liability company, is registered as a broker-dealer with the SEC. Voya Financial Partners, LLC is also a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. Voya Financial Partners, LLC's principal office is located at One Orange Way, Windsor, CT 06095-4774. The Contract is distributed through life insurance agents licensed to sell variable annuities who are registered representatives of Voya Financial Partners, LLC or of other registered broker-dealers who have entered into sales arrangements with Voya Financial Partners, LLC. The offering of the Contract is continuous. **A description of the manner in which contracts are purchased may be found in the Prospectus under the section titled "CONTRACT PURCHASE AND PARTICIPATION."**

Compensation paid to the principal underwriter, Voya Financial Partners, LLC, for the years ending December 31, 2025, 2024, and 2023 amounted to $67,209,367.36, $66,281,426.30, and 66,878,550.51, respectively. These amounts reflect compensation paid to Voya Financial Partners, LLC attributable to regulatory and operating expenses associated with the distribution of all registered variable annuity products issued by Variable Annuity Account C of the Company.

**PERFORMANCE REPORTING**

We may advertise different types of historical performance for the Subaccounts including:

&nbsp;&nbsp;&nbsp;&nbsp;• Standardized
 average annual total returns; and

&nbsp;&nbsp;&nbsp;&nbsp;• Non-standardized
 average annual total returns.

We may also advertise certain ratings, rankings or other information related to the Company, the Subaccounts or the Funds.

***Standardized Average Annual Total Returns***

We calculate standardized average annual total returns according to a formula prescribed by the SEC. This shows the percentage return applicable to $1,000 invested in the Subaccounts over the most recent month-end, one, five and ten-year periods. If the investment option was not available for the full period, we give a history from the date money was first received in that option under the Separate Account or from the date the Fund was first available under the Separate Account. As an alternative to providing the most recent month-end performance, we may provide a phone number, website or both where these returns may be obtained.

We include all recurring charges during each period (e.g., annual maintenance fees).

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***Non-Standardized Average Annual Total Returns***

We calculate non-standardized average annual total returns in a similar manner as that stated above, except some non-standardized returns may also exclude the effect of an annual maintenance fee. If we reflected these charges in the calculation, they would decrease the level of performance reflected by the calculation. Non-standardized returns may also include performance from the Fund's inception date, if that date is earlier than the one, we use for standardized returns.

**INCOME PHASE PAYMENTS**

When you begin receiving payments under the Contract during the Income Phase (see "**INCOME PHASE**" in the Prospectus), the value of your account is determined using Accumulation Unit Values as of the tenth valuation before the first Income Phase payment is due. Such value (less any applicable premium tax charge) is applied to provide Income Phase payments to you in accordance with the payment option and investment options elected.

The annuity option tables found in the Contract show, for each option, the amount of the first Income Phase payment for each $1,000 of value applied. When you select variable income payments, your Account Value purchases Annuity Units ("Annuity Units") of the Separate Account Subaccounts corresponding to the Funds you select. The number of Annuity Units purchased is based on your Account Value and the value of each Annuity Unit on the day the Annuity Units are purchased. Thereafter, variable payments fluctuate as the Annuity Unit value(s) fluctuates with the investment experience of the selected investment option(s). The first Income Phase payment and subsequent Income Phase payments also vary depending on the assumed net investment rate selected (3.5% per annum). Income Phase payments will increase thereafter only to the extent that the net investment rate increases by more than 3.5% on an annual basis.

When the Income Phase begins, the Annuitant is credited with a fixed number of Annuity Units (which does not change thereafter) in each of the designated investment options. This number is calculated by dividing (a) by (b), where (a) is the amount of the first Income Phase payment based upon a particular investment option, and (b) is the then current Annuity Unit value for that investment option. As noted, Annuity Unit values fluctuate from one valuation to the next (see "**THE CONTRACT – *The Account Value***" in the Prospectus); such fluctuations reflect changes in the net investment factor for the appropriate Subaccount(s) (with a ten-day valuation lag which gives the Company time to process payments) and a mathematical adjustment which offsets the assumed net investment rate of 3.5% per annum.

The operation of all these factors can be illustrated by the following hypothetical example. These procedures will be performed separately for the investment options selected during the Income Phase.

***Example:***

Assume that, at the date Income Phase payments are to begin, there are 3,000 Accumulation Units credited under a particular Contract or account and that the value of an Accumulation Unit for the 10<sup>th</sup> valuation prior to retirement was $13.650000. This produces a total value of $40,950.

Assume also that no premium tax charge is payable and that the annuity option table in the Contract provides, for the Income Phase payment option elected, a first monthly variable Income Phase payment of $6.68 per $1000 of value applied; the Annuitant's first monthly Income Phase payment would thus be 40.950 multiplied by $6.68, or $273.55.

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Assume then that the value of an Annuity Unit upon the valuation on which the first Income Phase payment was due was $13.400000. When this value is divided into the first monthly Income Phase payment, the number of Annuity Units is determined to be 20.414. The value of this number of Annuity Units will be paid in each subsequent month.

Suppose there were 30 days between the initial and second payment valuation dates. If the net investment factor with respect to the appropriate Subaccount is 1.0032737 as of the tenth valuation preceding the due date of the second monthly Income Phase payment, multiplying this factor by .9971779<sup>\*</sup> = .9999058^30 (to take into account 30 days of the assumed net investment rate of 3.5% per annum built into the number of Annuity Units determined above) produces a result of 1.000442. This is then multiplied by the Annuity Unit value for the prior valuation ($13.400000 from above) to produce an Annuity Unit value of $13.405928 for the valuation occurring when the second Income Phase payment is due.

The second monthly Income Phase payment is then determined by multiplying the number of Annuity Units by the current Annuity Unit value, or 20.414 times $13.405928, which produces a payment of $273.67.

<sup>\*</sup> If an assumed net investment rate of 5% is elected, the appropriate factor to take into account such assumed rate would be .9959968 = .9998663^30.

[Back to **Table of Contents**](#sai001)

**FINANCIAL STATEMENTS**

Included in this SAI are the financial statements of [Variable Annuity Account C of Voya Retirement Insurance and Annuity Company](https://www.sec.gov/Archives/edgar/data/103007/000162828026020230/alaoevriacvaaccountc-2025.htm) and [Voya Retirement Insurance and Annuity Company](https://www.sec.gov/ix?doc=/Archives/edgar/data/837010/000083701026000003/vriac-20251231.htm), as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• Financial
 Statements of Variable Annuity Account C of Voya Retirement
 Insurance and Annuity Company :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Report
 of Independent Registered Public Accounting Firm

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Statements
 of Assets and Liabilities as of December 31, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Statements
 of Operations for the year ended December 31, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Statements
 of Changes in Net Assets for the years ended December 31, 2025 and 2024

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Notes
 to Financial Statements

&nbsp;&nbsp;&nbsp;&nbsp;• Consolidated
 Financial Statements of Voya Retirement Insurance and Annuity Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Report
 of Independent Registered Public Accounting Firm

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Consolidated
 Balance Sheets as of December 31, 2025 and 2024

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Consolidated
 Statements of Operations for the years ended December 31, 2025 , 2024 and 2023

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Consolidated
 Statements of Comprehensive Income for the years ended December 31, 2025 , 2024 and 2023

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Consolidated
 Statements of Changes in Shareholder's Equity for the years ended December 31, 2025 , 2024 and 2023

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Consolidated
 Statements of Cash Flows for the years ended December 31, 2025 , 2024 and 2023

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Notes
 to Consolidated Financial Statements

**PART C**

**OTHER INFORMATION**

**<u>Item 27. Exhibits</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) [Resolution establishing Variable Annuity Account C • Incorporated by reference to Post-Effective Amendment No. 6 to Registration Statement on Form N-4 (File No. 033-75986), as filed on April 22, 1996.](https://www.sec.gov/Archives/edgar/data/103007/0000950146-96-000563.txt)

(b) Not applicable

(c) (1) [Standard Form of Broker-Dealer Agreement • Incorporated by reference to Post-Effective Amendment No. 32 to Registration Statement on Form N-4 (File No. 033-81216), as filed on April 11, 2006.](https://www.sec.gov/Archives/edgar/data/103007/000010300706000026/ex99b31iliacbrokeealar.htm)

(2) [Underwriting Agreement dated November 20, 2006, between ING Life Insurance and Annuity Company and ING Financial Advisers, LLC • Incorporated by reference to Post-Effective Amendment No. 34 to Registration Statement on Form N-4 (File No. 033-75996), as filed on December 20, 2006.](https://www.sec.gov/Archives/edgar/data/103005/000010300506000048/exb32underwritingagreementil.htm)

(d) (1) [Group Combination Deferred Annuity Contract (Nonparticipating) G-CDA(FL)-10 and endorsements: Loan Account Endorsement E-MMLOAN(FL)-10; Loan Account and Loan Interest Rate Endorsement E-LIF-10(XC)(FL); Death Benefit Endorsement E-MMGDBP(FL)-10 and Maintenance Fee Endorsement E-MM2MF-14 • Incorporated by reference to Pre-Effective Amendment No. 1 to Registration Statement on Form N-4 (File No. 333-207045), as filed on December 4, 2015.](https://www.sec.gov/Archives/edgar/data/103007/000010300715000083/florpoappre1.htm)

(2) [Variable Annuity Contract Certificate C-CDA(FL)-10 to Contract G-CDA-(FL)-10 • Incorporated by reference to Post-Effective Amendment No. 14 to Registration Statement on Form N-4 (File No. 333-207045), as filed on April 12, 2023.](https://www.sec.gov/Archives/edgar/data/103007/000113322823001937/forpoap-html6227_ex27d2.htm)

(3) [Endorsement E-DCSECURE-20(FL) to Contract (Nonparticipating) G-CDA(FL)-10 • Incorporated by reference to Post-Effective Amendment No. 7 to Registration Statement on Form N-4 (File No. 333-207045), as filed on April 8, 2021.](https://www.sec.gov/Archives/edgar/data/103007/000010300721000019/ex24b42edcsecure20fl.htm)

(4) [Endorsement E-MMLOAN-21(FL) to Contract G-CDA(FL)-10 • Incorporated by reference to Post-Effective Amendment No. 14 to Registration Statement on Form N-4 (File No. 333-207045), as filed on April 12, 2023.](https://www.sec.gov/Archives/edgar/data/103007/000010300716000123/ex24b5app155638.htm)

(5) [Endorsement E-DCSECURE-23(FL) to Contract G-CDA(FL)-10 • Incorporated by reference to Post-Effective Amendment No. 16 to Registration Statement on Form N-4 (File No. 333-207045), as filed on April 10, 2025.](https://www.sec.gov/Archives/edgar/data/103007/000113322825003900/vfi-efp15412_ex9927d27.htm)

(e) (1) [Variable Annuity Contract Application 155634 (01/14)(FL) • Incorporated by reference to Post-Effective Amendment No. 1 to Registration Statement on Form N-4 (File No. 333-207045), as filed on April 19, 2016.](https://www.sec.gov/Archives/edgar/data/103007/000010300716000123/ex24b5app155638.htm)

(2) [Variable Annuity Contract Application 155634 (11/23)(FL) 10 • Incorporated by reference to Post-Effective Amendment No. 16 to Registration Statement on Form N-4 (File No. 333-207045), as filed on April 10, 2025.](https://www.sec.gov/Archives/edgar/data/103007/000113322825003900/vfi-efp15412_ex9927d28.htm)

(f) (1) [Restated Certificate of Incorporation (amended and restated as of October 1, 2007) of ING Life Insurance and Annuity Company • Incorporated by reference to ING Life Insurance and Annuity Company annual report on Form 10-K (File No. 033-23376), as filed on March 31, 2008.](https://www.sec.gov/Archives/edgar/data/837010/000103976508000124/form10k_iliac-2007.htm)

(2) [Amended and Restated By-Laws of ING Life Insurance and Annuity Company, effective October 1, 2007 • Incorporated by reference to ING Life Insurance and Annuity Company annual report on Form 10-K (File No. 033-23376), as filed on March 31, 2008.](https://www.sec.gov/Archives/edgar/data/837010/000103976508000124/form10k_iliac-2007.htm)

(g) Not applicable

(h) (1) [(Retail) Selling and Services Agreement and Fund Participation Agreement made and entered into as of March 17, 2009, by and between ING Life Insurance and Annuity Company, ING Institutional Plan Services, LLC, ING Financial Advisers, LLC and Delaware Service Company, Inc. • Incorporated by reference to Post-Effective Amendment No. 9 to Registration Statement on Form N-4 (File No. 333-167680), as filed on May 21, 2015.](https://www.sec.gov/Archives/edgar/data/103007/000010300715000055/ex24b851delssafpa.htm)

(2) [Rule 22c-2 Agreement made and entered into March 17, 2009, between Delaware Service Company, Inc., ING Life Insurance and Annuity Company and ING National Trust • Incorporated by reference to Post-Effective Amendment No. 9 to Registration Statement on Form N-4 (File No. 333-167680), as filed on May 21, 2015.](https://www.sec.gov/Archives/edgar/data/103007/000010300715000055/ex24b855delaware22c2.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) [(Retail) DFA Investment Dimensions Group and Dimensional Investment Group Inc. Administrative Service Agreement dated July 9, 2008, between ING Financial Advisers, LLC, ING Life Insurance and Annuity Company, DFA Investment Dimensions Group Inc. and Dimensional Investment Group Inc. • Incorporated by reference to Post-Effective Amendment No. 9 to Registration Statement on Form N-4 (File No. 333-167680), as filed on May 21, 2015.](https://www.sec.gov/Archives/edgar/data/103007/000010300715000055/ex24b856dfafndasa.htm)

(4) [Rule 22c-2 Agreement dated July 9, 2008, between DFA Investment Dimension Group, Dimensional Investment Group Inc., ING Life Insurance and Annuity Company and ING National Trust • Incorporated by reference to Post-Effective Amendment No. 9 to Registration Statement on Form N-4 (File No. 333-167680), as filed on May 21, 2015.](https://www.sec.gov/Archives/edgar/data/103007/000010300715000055/ex24b864dfa22c2.htm)

(5) [Services Agreement and Fund Participation Agreement dated as of December 7, 2010 by and between ING Life Insurance and Annuity Company, ING Institutional Plan Services, LLC, ING Financial Advisers, LLC and JPMorgan Trust I, JPMorgan Trust II, J.P. Morgan Fleming Mutual Fund Group, Inc., J.P. Morgan Mutual Fund Group, J.P. Morgan Mutual Fund Investment Trust, Undiscovered Managers Funds, and JPMorgan Value Opportunities Fund Inc. and J.P. Morgan Investment Management Inc., Security Capital Research & Management Incorporated • Incorporated by reference to Post-Effective Amendment No. 14 to Registration Statement on Form N-4 (File No. 333-207045), as filed on April 12, 2023.](https://www.sec.gov/Archives/edgar/data/103007/000113322823001937/forpoap-html6227_ex27h5.htm)

(6) [Rule 22c-2 Agreement dated April 16, 2007, and is effective as of October 16, 2007, among JPMorgan Distribution Services, Inc. and ING Life Insurance and Annuity Company • Incorporated by reference to Post-Effective Amendment No. 14 to Registration Statement on Form N-4 (File No. 333-207045), as filed on April 12, 2023.](https://www.sec.gov/Archives/edgar/data/103007/000113322823001937/forpoap-html6227_ex27h6.htm)

(7) [(Retail) Fund Participation Agreement October 10, 2000, between Aetna Life Insurance and Annuity Company, T. Rowe Price Investment Services, Inc. and T. Rowe Price Services, Inc. • Incorporated by reference to Post-Effective Amendment No. 9 to Registration Statement on Form N-4 (File No. 333-167680), as filed on May 21, 2015.](https://www.sec.gov/Archives/edgar/data/103007/000010300715000055/ex24b8176trowepa.htm)

(8) [Rule 22c-2 Agreement dated April 16, 2007, is effective as of October 16, 2007 between T. Rowe Price Services, Inc., ING Life Insurance and Annuity Company, ING National Trust, ING USA Annuity and Life Insurance Company, ReliaStar Life Insurance Company, ReliaStar Life Insurance Company of New York, Security Life of Denver Insurance Company and Systematized Benefits Administrators Inc. • Incorporated by reference to Post-Effective Amendment No. 9 to Registration Statement on Form N-4 (File No. 333-167680), as filed on May 21, 2015.](https://www.sec.gov/Archives/edgar/data/103007/000010300715000055/ex24b8181trowe22c2.htm)

(9) [(Retail) Selling and Services Agreement and Fund Participation Agreement made and entered into as of August 10, 2010, by and between ING Life Insurance and Annuity Company, ING Institutional Plan Services, LLC, ING Financial Advisers, LLC, Touchstone Securities, Inc. and touchstone Advisors, Inc. • Incorporated by reference to Post-Effective Amendment No. 9 to Registration Statement on Form N-4 (File No. 333-167680), as filed on May 21, 2015.](https://www.sec.gov/Archives/edgar/data/103007/000010300715000055/ex24b8188touchstonessafpa.htm)

(10) [Rule 22c-2 Agreement dated August 10, 2010, between Touchstone Securities, Inc., ING Life Insurance and Annuity Company, ING National Trust and ING Institutional Plan Services, LLC • Incorporated by reference to Post-Effective Amendment No. 9 to Registration Statement on Form N-4 (File No. 333-167680), as filed on May 21, 2015.](https://www.sec.gov/Archives/edgar/data/103007/000010300715000055/ex24b8190touchstone22c2.htm)

(11) [Participation Agreement made and entered into on March 30, 2004, among Vanguard Variable Insurance Fund and The Vanguard Group, Inc. and Vanguard Marketing Corporation and ING Life Insurance and Annuity Company • Incorporated by reference to Post-Effective Amendment No. 14 to Registration Statement on Form N-4 (File No. 333-207045), as filed on April 12, 2023.](https://www.sec.gov/Archives/edgar/data/103007/000113322823001937/forpoap-html6227_ex27h11.htm)

(12) [Rule 22c-2 Agreement dated no later than April 16, 2007, is effective as of October 16, 2007, between Vanguard Variable Insurance Fund, The Vanguard Group, Inc., Vanguard Marketing Corporation and ING Life Insurance and Annuity Company • Incorporated by reference to Post-Effective Amendment No. 14 to Registration Statement on Form N-4 (File No. 333-207045), as filed on April 12, 2023.](https://www.sec.gov/Archives/edgar/data/103007/000113322823001937/forpoap-html6227_ex27h12.htm)

(i) Not applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) (1) [Intercompany Agreement dated December 22, 2010 (effective January 1, 2010) between ING Investment Management LLC and ING Life Insurance and Annuity Company • Incorporated by reference to Post-Effective Amendment No. 1 to Registration Statement on Form N-4 (File No. 333-167680), as filed on February 11, 2011.](https://www.sec.gov/Archives/edgar/data/103007/000010300711000004/ex24b859iliaciimica122210.htm)

(2) [Amendment No. 1 made and entered into as of December 1, 2013, to the Intercompany Agreement dated as of December 22, 2010, by and among ING Investment Management LLC and ING Life Insurance and Annuity Company • Incorporated by reference to Post-Effective Amendment No. 6 to Registration Statement on Form N-4 (File No. 333-167680), as filed on April 9, 2014.](https://www.sec.gov/Archives/edgar/data/103007/000010300714000010/ex24b36iimiliac1stamd.htm)

(3) [Amendment No. 2, effective as of September 30, 2014, to the Intercompany Agreement dated as of December 22, 2010 by and between ING Investment Management LLC (now known as Voya Investment Management LLC) and ING Life Insurance and Annuity Company (now known as "Voya Retirement Insurance and Annuity Company") • Incorporated by reference to Post-Effective Amendment No. 63 to Registration Statement on Form N-4 (File No. 033-75962), as filed on December 16, 2014.](https://www.sec.gov/Archives/edgar/data/103007/000010300714000109/ex38amd2intercovim093014.htm)

(4) [Amendment No. 4, effective March 1, 2016, to the Intercompany Agreement dated as of December 22, 2010 (effective January 1, 2010) between ING Investment Management LLC (IIM) (now known as Voya Investment Management LLC or VIM) and ING Life Insurance and Annuity Company (ILIAC) (now known as Voya Retirement Insurance and Annuity Company or VRIAC) • Incorporated by reference to Post-Effective Amendment No. 12 to Registration Statement on Form N-4 (File No. 333-167182), as filed on June 24, 2016.](https://www.sec.gov/Archives/edgar/data/103005/000010300516000067/ex24b310intercovimvriac.htm)

(5) [Amendment No. 5, effective as of May 1, 2017, to the Intercompany Agreement between Voya Investment Management LLC and Voya Retirement Insurance and Annuity Company • Incorporated by reference herein to the Initial Registration Statement on Form N-4 (File No. 333-220690), as filed on September 28, 2017.](https://www.sec.gov/Archives/edgar/data/103005/000010300517000020/exhibit24b37.htm)

(6) [Amendment No. 6, effective as of July 1, 2017, to the Intercompany Agreement between Voya Investment Management LLC and Voya Retirement Insurance and Annuity Company • Incorporated by reference herein to the Initial Registration Statement on Form N-4 (File No. 333-220690), as filed on September 28, 2017.](https://www.sec.gov/Archives/edgar/data/103005/000010300517000020/exhibit24b38.htm)

(k) [Opinion and Consent of Counsel](fu-efp23814_ex27k.htm)

(l) [Consent of Independent Registered Public Account Firm](fu-efp23814_ex27l.htm)

(m) Not applicable

(n) Not applicable

(o) [Initial Summary Prospectus](fu-efp23814_ex27o.htm)

(p) [Powers of Attorney](fu-efp23814_ex9927p.htm)

**<u>Item 28. Directors and Officers of the Depositor</u><sup>\*</sup>**

---

| | |
|:---|:---|
| <u>Name and Principal Business Address</u> | <u>Positions and Offices with Depositor</u> |
| Jay S. Kaduson, 200 Park Avenue, NY, New York 10166 | &nbsp;&nbsp;Director |
| Amelia J. Vaillancourt, One Orange Way, Windsor, CT 06095-4774 | &nbsp;&nbsp;Director and President |
| William T. Bainbridge, One Orange Way, Windsor, CT 06095-4774 | &nbsp;&nbsp;Director, Senior Vice President and Chief Financial Officer |
| Youssef A. Blal, 250 Marquette Avenue, Suite 900, Minneapolis, MN 55401 | &nbsp;&nbsp;Director |
| Neha Jha, 200 Park Avenue, New York, NY 10166 | &nbsp;&nbsp;Director |
| Andrew J. Stocker, One Orange Way, Windsor, CT 06095-4774 | &nbsp;&nbsp;Director and Senior Vice President |
| Curtis J. Heaser, 250 Marquette Avenue, Suite 900, Minneapolis, MN 55401 | &nbsp;&nbsp;Director, Senior Vice President |
| Melissa A. O'Donnell, 250 Marquette Avenue, Suite 900, Minneapolis, MN 55401 | &nbsp;&nbsp;Secretary |
| Jacques M. Longerstaey, 200 Park Avenue, NY, New York 10166 | &nbsp;&nbsp;Executive Vice President, Chief Risk Officer |
| Marino Monti, Jr., One Orange Way, Windsor, CT 06095-4774 | &nbsp;&nbsp;Chief Information Security Officer |
| Michelle P. Luk, 200 Park Avenue, New York, NY 10166 | &nbsp;&nbsp;Senior Vice President and Treasurer |
| Tony D. Oh, 5780 Powers Ferry Road, N.W., Atlanta GA 30327-4390 | &nbsp;&nbsp;Senior Vice President and Chief Accounting Officer |
| Kyle A. Puffer, One Orange Way, Windsor, CT 06095-4774 | &nbsp;&nbsp;Senior Vice President |
| Matthew Toms, 5780 Powers Ferry Road, N.W., Atlanta, GA 30327-4390 | &nbsp;&nbsp;Senior Vice President |
| Brian J. Baranowski, One Orange Way, Windsor, CT 06095-4774 | &nbsp;&nbsp;Vice President and Chief Compliance Officer |
| Tingting Xiao, One Orange Way, Windsor, CT 06095-4774 | &nbsp;&nbsp;Vice President and Appointed Actuary |

---

&nbsp;&nbsp;\* These individuals may also be directors and/or officers of other affiliates of the Company.

**<u>Item 29. Persons Controlled by or Under Common Control with the Depositor or Registrant</u>**

---

| |
|:---|
| &nbsp;&nbsp;**Voya Financial, Inc.** |
| &nbsp;&nbsp;**HOLDING COMPANY SYSTEM** |
| &nbsp;&nbsp;*12-31-2025* |

---

Voya Financial, Inc. (1000)

Non-Insurer (Delaware) FEIN: 52-1222820 \| NAIC Group Code: 4832

OneAmerica Retirement Services LLC (5210)

Non-Insurer (Indiana) FEIN: 46-5378846

OneAmerica Investment Advisory Services LLC (5220)

Non-Insurer (Indiana) FEIN: 81-3920167

Benefitfocus, Inc. (5000)

Non-Insurer (Delaware) FEIN: 46-2346314

Benefitfocus.com, Inc. (5100)

Non-Insurer (South Carolina) FEIN: 57-1099948

BenefitStore, LLC (5120)

Non-Insurer (South Carolina) FEIN: 27-3519176

Tango Health, Inc. (5110)

Non-Insurer (Delaware) FEIN: 26-2060323

Pen-Cal Administrators, Inc. (4050)

Non-Insurer (California) FEIN: 94-2695108

Voya Nonqualified Plan Pay Services, LLC (1998)

Non-Insurer (Delaware) FEIN: 39-2624681

Voya Services Company (4000)

Non-Insurer (Delaware) FEIN: 52-1317217

Voya Payroll Management, Inc. (4100)

Non-Insurer (Delaware) FEIN: 52-2197204

Security Life Assignment Corporation (n/a)

Non-Insurer (Colorado) FEIN: 84-1437826

Voya Special Investments, Inc. (\*a) (4550)

Non-Insurer (Delaware) FEIN: 85-1775946

Voya Global Services Private Limited (\*b) (5310)

Non-Insurer (India)

VFI India Holdings LLC (5300)

Non-Insurer (Delaware) FEIN: 93-1766128

Voya Holdings Inc. (1050)

Non-Insurer (Connecticut) FEIN: 02-0488491

Voya Benefits Company, LLC (2050)

Non-Insurer (Delaware) FEIN: 83-0965809

Benefit Strategies, LLC (2060)

Non-Insurer (New Hampshire) FEIN: 26-0003294

Voya Financial Advisors, Inc. (2200)

Non-Insurer (Minnesota) FEIN: 41-0945505

VIM Holdings LLC (\*c) (2261)

Non-Insurer (Delaware) FEIN: 88-3236443

Voya Investment Management LLC (2250 Class A / 2251 Class B)

Non-Insurer (Delaware) FEIN: 58-2361003

Voya Investment Management Co. LLC (3050 Class A / 3051 Class B)

Non-Insurer (Delaware) FEIN: 06-0888148

Voya Investment Trust Co. (3150)

Non-Insurer (Connecticut) FEIN: 06-1440627

Voya Investment Management (UK) Limited (3200 Class A / 3201 Class B)

Non-Insurer (United Kingdom)

Voya Investment Management Alternative Assets LLC (2550 Class A / 2551 Class B)

Non-Insurer (Delaware) FEIN: 13-4038444

Voya Alternative Asset Management Ireland Limited (2700)

Non-Insurer (Ireland)

Voya Alternative Asset Management LLC (2600 Class A / 2601 Class B)

Non-Insurer (Delaware) FEIN: 13-3863170

Voya Realty Group LLC (2650)

Non-Insurer (Delaware) FEIN: 13-4003969

VAAM (Cayman) Ltd. (2760)

Non-Insurer (Cayman Islands)

Voya Pomona Holdings LLC (3000)

Non-Insurer (Delaware) FEIN: 13-4152011

Pomona G.P. Holdings LLC (\*d) (2750 Class A / 2751 Class B)

Non-Insurer (Delaware) FEIN: 13-4150600

Pomona Management LLC (2800 Class A / 2801 Class B)

Non-Insurer (Delaware) FEIN: 13-4149700

Voya Capital, LLC (2300)

Non-Insurer (Delaware) FEIN: 86-1020892

Voya Funds Services, LLC (2350)

Non-Insurer (Delaware) FEIN: 86-1020893

Voya Investments Distributor, LLC (2450)

Non-Insurer (Delaware) FEIN: 03-0485744

Voya Investments, LLC (2400)

Non-Insurer (Arizona) FEIN: 03-0402099

Oconee Real Estate Holdings IV – ARB LLC (\*e)

Non-Insurer (Delaware) FEIN: 93-3381941

Oconee Real Estate Holdings V – CASC LLC (\*f)

Non-Insurer (Delaware) FEIN: 93-4060472

Oconee Real Estate Holdings VI – GREEN LLC (\*g)

Non-Insurer (Delaware) FEIN: 93-4037989

Oconee Real Estate Holdings VII – CANOPY LLC (\*h)

Non-Insurer (Delaware) FEIN: 99-0609295

Oconee Real Estate Holdings X – OASIS LLC (\*i)

Non-Insurer (Delaware) FEIN: 99-2189275

Oconee Real Estate Holdings XI – MARKET CENTER LLC (\*j)

Non-Insurer (Delaware) FEIN: 99-3439272

Oconee Real Estate Holdings XII – RIVERSIDE LLC (\*k)

Non-Insurer (Delaware) FEIN: 99-3455416

Oconee Real Estate Holdings XIV – FAIRVIEW LLC (\*l)

Non-Insurer (Delaware) FEIN: 99-2177246

Oconee Real Estate Holdings XV – SPANISH COVE LLC (\*m)

Non-Insurer (Delaware) FEIN: 39-4119163

Oconee Real Estate Holdings XVII – CROSSINGS LLC (\*n)

Non-Insurer (Delaware) FEIN: 33-4830625

Oconee Real Estate Holdings XVIII – HOUSTON LLC (\*o)

Non-Insurer (Delaware) FEIN: 99-2177246

VIM SLP Holdings Inc. (2270)

Non-Insurer (Delaware) FEIN: 33-2337236

VIM SLP Holdings LLC (2280)

Non-Insurer (Delaware) FEIN: 33-2315739

Voya Retirement Insurance and Annuity Company (1350)

Insurer (Connecticut) FEIN: 71-0294708 \| NAIC 86509

Voya Financial Partners, LLC (1400)

Non-Insurer (Delaware) FEIN: 06-1375177

Voya Institutional Plan Services, LLC (1500)

Non-Insurer (Delaware) FEIN: 04-3516284

Voya Retirement Advisors, LLC (1550)

Non-Insurer (Delaware) FEIN: 22-1862786

Voya Institutional Trust Company (2100)

Non-Insurer (Connecticut) FEIN: 46-5416028

ReliaStar Life Insurance Company (1150)

Insurer (Minnesota) FEIN: 41-0451140 \| NAIC: 67105

ReliaStar Life Insurance Company of New York (1250)

Insurer (New York) FEIN: 53-0242530 \| NAIC: 61360

Voya Insurance Solutions, LLC (1650)

Non-Insurer (Connecticut) FEIN: 02-0488491

Voya Custom Investments LLC (3650)

Non-Insurer (Delaware) FEIN: 02-0488491

\*a – Voya Special Investments, Inc. owned 0.2% by Voya Financial, Inc., 49.9% by Voya Retirement Insurance and Annuity Company and 49.9% by ReliaStar Life Insurance Company.

\*b – Voya Global Services Private Limited is owned 99% by Voya Financial, Inc. and 1% by VFI India Holdings LLC.

\*c – Voya Holdings Inc. holds a 76% economic stake, and a Non-Affiliate Member holds a 24% economic stake in VIM Holdings LLC's class A shares and Voya Holdings Inc also holds a 100% economic stake in VIM Holdings LLC's class B shares.

\*d – Pomona G.P. Holdings LLC owned 50% by Voya Pomona Holdings LLC and 50% by Third Party Shareholders.

\*e – Oconee Real Estate Holdings IV-ARB LLC owned 33% by Voya Retirement Insurance and Annuity Company, owned 16% by ReliaStar Life Insurance Company and owned 51% by non-Affiliate members.

\*f – Oconee Real Estate Holdings V-CASC LLC owned 44.8% by Voya Retirement Insurance and Annuity Company and owned 55.2% by non-Affiliate members.

\*g – Oconee Real Estate Holdings VI-GREEN LLC owned 38.5% by Voya Retirement Insurance and Annuity Company, owned 12.5% by ReliaStar Life Insurance Company and owned 49% by non-Affiliate members.

\*h – Oconee Real Estate Holdings VII-CANOPY LLC owned 10.13% by Voya Retirement Insurance and Annuity Company and 89.87% by Non-Affiliate members.

\*i – Oconee Real Estate Holdings X – OASIS LLC owned 100% by Voya Commercial Mortgage Originator, LLC.

\*j – Oconee Real Estate Holdings XI – MARKET CENTER LLC owned 100% by Voya Commercial Mortgage Originator, LLC.

\*k– Oconee Real Estate Holdings XII – RIVERSIDE LLC owned 22.31% by Voya Retirement Insurance and Annuity Company, owned 3.08% by ReliaStar Life Insurance Company and owned 74.61% by non-Affiliate members.

\*l – Oconee Real Estate Holdings XIV – FAIRVIEW LLC owned 100% by Voya Commercial Mortgage Originator, LLC.

\*m – Oconee Real Estate Holdings XV – SPANISH COVE LLC owned 100% by Voya Commercial Mortgage Originator, LLC.

\*n– Oconee Real Estate Holdings XVII – CROSSINGS LLC owned 10% by Voya Retirement Insurance and Annuity Company and 90% by non—Affiliate members.

\*o – Oconee Real Estate Holdings XVIII – HOUSTON LLC owned 100% by Voya Commercial Mortgage Originator, LLC.

**<u>Item 30. Indemnification</u>**

Section 33-779 of the Connecticut General Statutes ("CGS") provides that a corporation may provide indemnification of or advance expenses to a director, officer, employee, or agent only as permitted by Sections 33-770 to 33-778, inclusive, of the CGS. Reference is hereby made to Section 33-771(e) of the CGS regarding indemnification of directors and Section 33-776(d) of CGS regarding indemnification of officers, employees and agents of Connecticut corporations. These statutes provide in general that Connecticut corporations incorporated prior to January 1, 1997 shall, except to the extent that their certificate of incorporation expressly provides otherwise, indemnify their directors, officers, employees and agents against "liability" (defined as the obligation to pay a judgment, settlement, penalty, fine, including an excise tax assessed with respect to an employee benefit plan, or reasonable expenses incurred with respect to a proceeding) when (1) a determination is made pursuant to Section 33-775 that the party seeking indemnification has met the standard of conduct set forth in Section 33-771 or (2) a court has determined that indemnification is appropriate pursuant to Section 33-77d. Under Section 33-775, the determination of and the authorization for indemnification are made (a) by two or more disinterested directors, as defined in Section 33-770(2); (b) by special legal counsel; (c) by the shareholders; or (d) in the case of indemnification of an officer, agent or employee of the corporation, by the general counsel of the corporation or such other officer(s) as the board of directors may specify. Also, Section 33-772 with Section 33-776 provide that a corporation shall indemnify an individual who was wholly successful on the merits or otherwise against reasonable expenses incurred by him in connection with a proceeding to which he was a party because he is or was a director, officer, employee, or agent of the corporation. Pursuant to Section 33-771(d), in the case of a proceeding by or in the right of the corporation or with respect to conduct for which the director, officer, agent or employee was adjudged

liable on the basis that he received a financial benefit to which he was not entitled, indemnification is limited to reasonable expenses incurred in connection with the proceeding against the corporation to which the individual was named a party.

A corporation may procure indemnification insurance on behalf of an individual who is or was a director of the corporation. Consistent with the laws of the State of Connecticut, Voya Financial, Inc. maintains Directors and Officers Liability, Professional Liability (aka E&O) and Financial Institutions Bond (aka Fidelity), Employment Practices liability and Network Security (aka Cyber) insurance policies. The policies cover Voya Financial, Inc. and any company in which Voya Financial, Inc. has a controlling financial interest of 50% or more. The policies cover the funds and assets of the principal underwriter/depositor under the care, custody and control of Voya Financial, Inc. and/or its subsidiaries.

**<u>Item 31. Principal Underwriter</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) In
 addition to serving as the principal underwriter for the Registrant, Voya Financial Partners,
 LLC acts as the principal underwriter for Variable Life Account B of Voya Retirement Insurance
 and Annuity Company (VRIAC), Variable Annuity Account C of VRIAC, Variable Annuity Account
 I of VRIAC and Variable Annuity Account G of VRIAC (separate accounts of VRIAC registered
 as unit investment trusts under the 1940 Act). Voya Financial Partners, LLC is also the principal
 underwriter for (i) Separate Account N of ReliaStar Life Insurance Company (RLIC) (a separate
 account of RLIC registered as a unit investment trust under the 1940 Act), (ii) ReliaStar
 Select Variable Account of ReliaStar Life Insurance Company (a separate account of RLIC registered
 as a unit investment trust under the 1940 Act), (iii) MFS ReliaStar Variable Account (a separate
 account of RLIC registered as a unit investment trust under the 1940 Act), (iv) Northstar
 Variable Account (a separate account of RLIC registered as a unit investment trust under
 the 1940 Act), (v) ReliaStar Life Insurance Company of New York Variable Annuity Funds D,
 E, F, G, H and I (a management investment company registered under the 1940 Act), (vi) ReliaStar
 Life Insurance Company of New York Variable Annuity Funds M, P and Q (a management investment
 company registered under the1940 Act), and (viii) ReliaStar Life Insurance Company of New
 York Variable Annuity Funds M and P (a management investment company registered under the1940
 Act).

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 following are the directors and officers of the Principal Underwriter:

---

| | |
|:---|:---|
| <u>Name and Principal Business Address</u> | &nbsp;&nbsp;<u>Positions and Offices with Underwriter</u> |
| William P. Elmslie, One Orange Way, Windsor, CT 06095-4774 | &nbsp;&nbsp;Director and Managing Director |
| Jonathan F. Reilly, One Orange Way, Windsor, CT, 06095-4774 | &nbsp;&nbsp;Director |
| Stephen J. Easton, One Orange Way, Windsor, CT 06095-4774 | &nbsp;&nbsp;Chief Compliance Officer |
| Frederick H. Bohn, One Orange Way, Windsor, CT 06095-4774 | &nbsp;&nbsp;Chief Financial Officer |
| Jacques M. Longerstaey, 200 Park Avenue, New York, NY 10166 | &nbsp;&nbsp;Executive Vice President, Chief Risk Officer |
| Michelle P. Luk, 200 Park Avenue, New York, NY 10166 | &nbsp;&nbsp;Senior Vice President and Treasurer |
| Melissa A. O'Donnell, 250 Marquette Avenue, Suite 900, Minneapolis, MN 55401 | &nbsp;&nbsp;Secretary |
| Marino Monti, Jr., One Orange Way, Windsor, CT 06095-4774 | &nbsp;&nbsp;Chief Information Security Officer |
| M. Bishop Bastien, One Orange Way, Windsor, CT 06095-4774 | &nbsp;&nbsp;Vice President |
| Philip A. Capodice, 5780 Powers Ferry Road, N.W., Atlanta, GA 30327-4390 | &nbsp;&nbsp;Vice President and Assistant Treasurer |
| John (Teddy) T. Cordes, 5780 Powers Ferry Road, N.W., Atlanta, GA 30327-4390 | &nbsp;&nbsp;Vice President and Assistant Treasurer |
| Gavin T. Gruenberg, One Orange Way, Windsor, CT 06095-4774 | &nbsp;&nbsp;Vice President |
| Mark E. Jackowitz, 22 Century Hill Drive, Suite 101, Latham, NY 12110 | &nbsp;&nbsp;Vice President |
| Andrew M. Kallenberg, 5780 Powers Ferry Road, N.W., Atlanta, GA 30327-4390 | &nbsp;&nbsp;Vice President, Corporate Tax |
| David J. Linney, 2925 Richmond Avenue, Suite 1200, Houston, TX 77098 | &nbsp;&nbsp;Vice President |
| Laurie A. Lombardo, One Orange Way, Windsor, CT 06095-4774 | &nbsp;&nbsp;Vice President |
| Benjamin W. Moy, One Orange Way, Windsor, CT 06095-4774 | &nbsp;&nbsp;Vice President |
| Gregory K. Springfield, One Orange Way, Windsor CT 06095-4774 | &nbsp;&nbsp;Vice President |
| Tina M. Schultz, 250 Marquette Avenue, Suite 900, Minneapolis, MN 55401 | &nbsp;&nbsp;Assistant Secretary |
| Devan P. Butler, 5780 Powers Ferry Road, N.W., Atlanta, GA 30327-4390 | &nbsp;&nbsp;Tax Officer |
| Bill Kladis, 5780 Powers Ferry Road, N.W., Atlanta, GA 30327-4390 | &nbsp;&nbsp;Tax Officer |

---

&nbsp;&nbsp;&nbsp;&nbsp;(c) Compensation
 to Principal Underwriter during last fiscal year:

---

| | | | | |
|:---|:---|:---|:---|:---|
| (1) | (2) | (3) | (4) | (5) |
| Name of<br> Principal<br> <u>Underwriter</u> | Net Underwriting<br> Discounts and<br> <u>Commissions</u> | Compensation on<br> Redemption<br> <u>or Annuitization</u> | <br> Brokerage<br> <u>Commissions</u> | <br> Other<br> <u>Compensation<sup>\*</sup></u> |
| Voya Financial Partners, LLC |  |  |  | $67209367.36<br>|

---

<sup>\*</sup>Reflects compensation paid to Voya Financial Partners, LLC attributable to regulatory and operating expenses associated with the distribution of all registered variable annuity products issued by Variable Annuity Account C of Voya Retirement Insurance and Annuity Company during 2025.

**<u>Item 32. Location of Accounts and Records</u>**

All accounts, books and other documents required to be maintained by Section 31(a) of the 1940 Act and the rules under it, on behalf of Registrant, is provided in our most recent report filed on Form N-CEN.

**<u>Item 33. Management Services</u>**

Not applicable

**<u>Item 34. Fee Representation</u>**

The Company hereby represents that with respect to plans established pursuant to Section 403(b) of the Internal Revenue Code of 1986, as amended, that are subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), it is relying on and complies with the terms of the SEC Staff's No-Action Letter dated August 30, 2012, with respect to participant acknowledgement of and language concerning withdrawal restrictions applicable to such plans. See ING Life Insurance and Annuity Company; S.E.C. No-Action Letter, 2012 WL 3862169, August 30, 2012.

Except in relation to 403(b) plans subject to ERISA, with respect to the variable investment options, the Company hereby represents that it is relying on and complies with the provisions of Paragraphs (1) through (4) of the SEC Staff's No-Action Letter dated November 28, 1988, with respect to language concerning withdrawal restrictions applicable to plans established pursuant to Section 403(b) of the Internal Revenue Code of 1986, as amended. See American Council of Life Insurance; S.E.C. No-Action Letter, 1988 WL 1235221, November 28, 1988.

Voya Retirement Insurance and Annuity Company represents that the fees and charges deducted under the Contract covered by this registration statement, in the aggregate, is reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by Voya Retirement Insurance and Annuity Company.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act and has duly caused this Post-Effective Amendment to be signed on its behalf by the undersigned, thereunto duly authorized, in the Town of Windsor, State of Connecticut, on the 8<sup>th</sup> day of April 2026.

---

| |
|:---|
| VARIABLE ANNUITY ACCOUNT C OF<br> VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Registrant)* |
| /s/ Amelia J. Vaillancourt |
| Amelia J. Vaillancourt<br> President<br> (Principal Executive Officer)<br>|
| VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY |
| *(Insurance Company)* |
| /s/ Amelia J. Vaillancourt |
| Amelia J. Vaillancourt<br> President<br> (Principal Executive Officer)<br>|
| Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, this registration statement has been signed by the following persons in the capacities and on the dates indicated. |

---

---

| | | |
|:---|:---|:---|
| Signature | Title | Date |
| Amelia J. Vaillancourt<sup>\*</sup> | Director and President |  |
| Amelia J. Vaillancourt | (Principal Executive Officer) |  |
| Tony D. Oh<sup>\*</sup> | Senior Vice President and Chief Accounting Officer |  |
| Tony D. Oh | (Chief Accounting Officer) |  |
| William T. Bainbridge<sup>\*</sup> | Director, Senior Vice President, and Chief Financial Officer |  |
| William T. Bainbridge | (Chief Financial Officer) |  |
|  |  | April 8, 2026 |
| Curtis J. Heaser<sup>\*</sup> | Director and Senior Vice President |  |
| Curtis J. Heaser |  |  |
| Andrew J. Stocker<sup>\*</sup> | Director and Senior Vice President |  |
| Andrew J. Stocker |  |  |
| Youssef A. Blal<sup>\*</sup> | Director |  |
| Youssef A. Blal |  |  |
| Jay S. Kaduson<sup>\*</sup> | Director |  |
| Jay S. Kaduson |  |  |
| Neha Jha<sup>\*</sup> | Director |  |
| Neha Jha |  |  |

---

---

| | |
|:---|:---|
| By: | /s/ Tamara Saverine |
|  | Tamara Saverine |
|  | <sup>\*</sup>Attorney-in-Fact |

---

\* Executed by Tamara Saverine on behalf of those indicated pursuant to Powers of Attorney filed as an exhibit to this Registration Statement.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Exhibit</u> |
| 27(k) | [Opinion and Consent of Counsel](fu-efp23814_ex27k.htm) |
| 27(l) | [Consent of Independent Registered Public Accounting Firm](fu-efp23814_ex27l.htm) |
| 27(o) | [Initial Summary Prospectus](fu-efp23814_ex27o.htm) |
| 27(p) | [Powers of Attorney](fu-efp23814_ex9927p.htm) |

---

## Exhibit 99.27

Exhibit 27(k): Opinion and Consent of Counsel

VOYA LETTERHEAD

LAW & COMPLIANCE/PRODUCT FILING UNIT

ONE ORANGE WAY

WINDSOR, CT 06094-4774

TAMARA SAVERINE

VICE PRESIDENT, CHIEF COUNSEL

PHONE: (212) 309-8286 \| EMAIL: <u>TAMARA.SAVERINE@VOYA.COM</u>

---

| | |
|:---|:---|
| April 8, 2026 | **BY EDGARLINK** |

---

U.S. Securities and Exchange Commission

Division of Investment Management

100 F Street, NE

Washington, DC 20549

---

| | |
|:---|:---|
| **Re:** | **Voya Retirement Insurance and Annuity Company and its Variable Annuity Account C**<br> **Post-Effective Amendment No. 17 to Registration Statement on Form N-4**<br> **Prospectus Title: Florida University System Optional Retirement Program and the<br> Florida Senior Management Service Optional Annuity Program**<br> **File Nos.: 333-207045 and 811-02513** |

---

Ladies and Gentlemen:

The undersigned serves as counsel to Voya Retirement Insurance and Annuity Company, a Connecticut life insurance company (the "Company"). It is my understanding that the Company, as depositor, has registered an indefinite amount of securities under the Securities Act of 1933 as provided in Rule 24f-2 under the Investment Company Act of 1940.

In connection with this opinion, I have reviewed the Post-Effective Amendment to the above-referenced Registration Statement on Form N-4. This filing describes the Florida University System Optional Retirement Program and the Florida Senior Management Service Optional Annuity Program group deferred fixed and variable annuity contracts (the "Contracts") offered by the Company through its Variable Annuity Account C (the "Account"). I have also examined, or supervised the examination of, originals or copies, certified or otherwise identified to my satisfaction, of such documents, trust records and other instruments I have deemed necessary or appropriate for the purpose of rendering this opinion. For purposes of such examination, I have assumed the genuineness of all signatures on original documents and the conformity to the original of all copies. On the basis of this examination, it is my opinion that:

1. The Company is a corporation duly organized and validly existing under the laws of the State of Connecticut.

2. The Account is a separate account of the Company duly created and validly existing pursuant to the laws of the State of Connecticut.

---

| | |
|:---|:---|
| **PLAN \| INVEST \| PROTECT** | Voya Logo |

---

3. The Contracts and the interests in the Account to be issued under the Contracts have been duly authorized by the Company.

4. The assets of the Account will be owned by the Company. Under Connecticut law and the provisions of the Contracts, the income, gains and losses, whether or not realized from assets allocated to the Account, must be credited to or charged against such Account, without regard to other income, gains or losses of the Company.

5. The Contracts provide that assets of the Account may not be charged with liabilities arising out of any other business the Company conducts, except to the extent that assets of the Account exceed its liabilities arising under the Contracts.

6. The Contracts and the interests in the Account, when issued and delivered in accordance with the Prospectus constituting a part of the Registration Statement and in compliance with applicable local law, will be validly issued and binding obligations of the Company in accordance with their respective terms.

I consent to the filing of this opinion as an exhibit to the Registration Statement.

Sincerely,

---

| |
|:---|
| /s/ Tamara Saverine |
| Tamara Saverine |

---

---

| | |
|:---|:---|
| **PLAN \| INVEST \| PROTECT** | Voya Logo |

---

## Exhibit 99.27

**Exhibit 27(l) – Consent of Independent Registered Public Accounting Firm**

We consent to the references to our firm under the captions "Experts" in the Statement of Additional Information, dated May 1, 2026, and included in this Post-Effective Amendment No. 17 to the Registration Statement Form N-4, File No. 333-207045 of Variable Annuity Account C of Voya Retirement Insurance and Annuity Company (the "Registration Statement").

We also consent to the use of our reports (1) dated March 6, 2026, with respect to the consolidated financial statements and supplemental schedules of Voya Retirement Insurance and Annuity Company and (2) dated March 20, 2026, with respect to the financial statements of each of the subaccounts within Variable Annuity Account C of Voya Retirement Insurance and Annuity Company, for the year ended December 31, 2025, included in this Registration Statement, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

Atlanta, GA

April 8, 2026

## Exhibit 99.27

**Exhibit 27(o)**

**VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY**

**FLORIDA UNIVERSITY SYSTEM OPTIONAL RETIREMENT**

**PROGRAM AND THE FLORIDA SENIOR MANAGEMENT**

**SERVICE OPTIONAL ANNUITY PROGRAM**

**A GROUP DEFERRED FIXED AND VARIABLE ANNUITY CONTRACT**

**(THE "CONTRACT" OR "CONTRACTS")**

issued to

**Plans Established by Eligible Organizations Under Tax Code Sections 401(a),** 

**403(b) and Roth 403(b)**

**SUMMARY PROSPECTUS FOR NEW INVESTORS**

**May 1, 2026**

____________________________________________________________________________

This summary Prospectus summarizes key features of the Contract.

 

Before you participate in the Contract through your retirement plan, you should also review the full prospectus for the Contract (the "full Contract prospectus"). It contains more information about the Contract's features, benefits and risks. You can find this document and other information about the contract online at <u>https://vpx.broadridge.com/getcontract1.asp?doctype=pros&dtype=isp&cid=voyavpx&fid=NVA003240</u>. You can also obtain this information at no cost by calling 1-800-584-6001 or by sending an email request to <u>ProspectusRequests@voya.com</u>.

The Contract is a complex investment and involves risks, including potential loss of principal. The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in surrender charges, taxes, and tax penalties.

___________________________________________________________________________

Our obligations under the Contract are subject to our financial strength and claims-paying ability.

**An Investor may cancel the Contract within 10 days of receiving it**

**without paying fees or penalties.**

**In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or your total Account Value. You should review this summary Prospectus, or consult with your investment professional, for additional information about the specific cancellation terms that apply.**

___________________________________________________________________________

**The U.S. Securities and Exchange Commission (the "SEC") has not approved or disapproved this Contract or passed upon the adequacy of this summary Prospectus. Any representation to the contrary is a criminal offense.**

ISP.207045-26

**TABLE OF CONTENTS** 

---

| | |
|:---|:---|
| **SPECIAL TERMS USED IN THIS SUMMARY PROSPECTUS** | **3** |
| **OVERVIEW OF THE CONTRACT** | **5** |
| &nbsp;&nbsp;&nbsp;&nbsp;Purpose | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Phases of Contract | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;The Variable Investment Options | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract Features | 6 |
| **IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT** | **7** |
| &nbsp;&nbsp;&nbsp;&nbsp;Benefits Available Under the Contract | 11 |
| **BUYING THE CONTRACT** | **12** |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchasing the Contract | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;Participating in the Contract | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;Allocation of Purchase Payments | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax Code Restrictions | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;When Initial and Subsequent Purchase Payments Are Credited | 13 |
| **MAKING WITHDRAWALS: ACCESSING THE MONEY IN YOUR CONTRACT** | **14** |
| &nbsp;&nbsp;&nbsp;&nbsp;Withdrawals | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;Calculation of Your Withdrawal | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;Delivery of Payment | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;Withdrawal Restrictions | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;Systematic Distribution Options | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans | 16 |
| **ADDITIONAL INFORMATION ABOUT FEES** | **17** |
| &nbsp;&nbsp;&nbsp;&nbsp;Transaction Expenses | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Annual Contract Expenses | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Annual Fund Expenses | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;Examples | 18 |
| **APPENDIX: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT** | **19** |
| **HOW TO GET MORE INFORMATION** | **21** |

---

ISP.207045-26 2

**SPECIAL TERMS USED IN THIS SUMMARY PROSPECTUS**

*The following are some of the important terms used throughout this summary Prospectus that have special meaning. There are other capitalized terms that are explained or defined in other parts of this summary Prospectus.*

**Account Value:** The value of: (1) amounts allocated to the Fixed Interest Options, including interest earnings to date; less (2) any deductions from the Fixed Interest Options (e.g., withdrawals and fees); and plus (3) the current dollar value of amounts allocated to the Subaccounts of Variable Annuity Account C, which includes investment performance and fees deducted from the Subaccounts.

**Accumulation Phase:** The period of time between the date the Contract became effective and the date you start receiving Income Phase payments under the Contract. During the Accumulation Phase, you accumulate retirement benefits.

**Accumulation Unit:** A unit of measurement used to calculate the Account Value during the Accumulation Phase.

**Accumulation Unit Value**: The value of an Accumulation Unit for a Subaccount of Variable Annuity Account C. Each Subaccount of Variable Annuity Account C has its own Accumulation Unit Value, which may increase or decrease daily based on the investment performance of the applicable underlying Fund in which it invests.

**Beneficiary (or Beneficiaries):** The person designated to receive the death benefit payable under the Contract.

**Contract or Contracts**: The group deferred variable annuity Contract offered by your Plan Sponsor as a funding vehicle for your retirement plan.

**Contract Holder**: The person to whom we issue the Contract. Generally, the Plan Sponsor or a trust.

**Customer Service**: The location from which we service the Contracts. The mailing address and telephone number of Customer Service is Defined Contributions Administration, P.O. Box 990063, Hartford, CT 06199-0063, 1-800-584-6001.

**Fund(s)**: The underlying mutual Funds in which the Subaccounts invest.

**General Account**: The account that contains all of our assets other than those held in Variable Annuity Account C or one of our other separate accounts.

**Good Order**: Generally, a request is considered to be in "Good Order" when it is signed, dated and made with such clarity and completeness that we are not required to exercise any discretion in carrying it out. We can only act upon written requests that are received in Good Order.

**Income Phase**: The period during which you receive payments from your Contract.

**Investor (also "you" or "participant")**: The individual who participates in the Contract through a retirement plan.

**Plan Sponsor**: The sponsor of your retirement plan. Generally, your employer.

**Purchase Payment**: Collectively, the initial purchase payment and any additional purchase payment.

ISP.207045-26 3

**Purchase Payment Period (also called "Deposit Cycle" in the Contract):** For installment Purchase Payments, the period of time it takes to complete the number of installment Purchase Payments expected to be made to your account over a year. For example, if your payment frequency is monthly, a payment period is completed after 12 Purchase Payments are made. If only 11 Purchase Payments are made, the payment period is not completed until the twelfth Purchase payment is made. At any given time, the number of payment periods completed cannot exceed the number of Account Years completed, regardless of the number of payments made.

**Subaccount**: Division(s) of Variable Annuity Account C that are investment options under the Contract. Each Subaccount invests in a corresponding underlying mutual Fund.

**Tax Code**: The Internal Revenue Code of 1986, as amended.

**VRIAC, the Company, we, us and our:** Voya Retirement Insurance and Annuity Company, a stock company domiciled in Connecticut, that issues the Contract described in this summary Prospectus.

**Variable Annuity Account C, the Separate Account**: Voya Variable Annuity Account C, a segregated asset account established by us to fund the variable benefits provided by the Contract. The Variable Annuity Account C is registered as a unit investment trust under the Investment Company Act of 1940, as amended, and it also meets the definition of "separate account" under the federal securities laws.

**Variable Investment Options**: The Subaccounts of Variable Annuity Account C. Each one invests in a specific mutual Fund.

**Vested**: The amount of money in a participant's individual account attributable to participant contributions. In an employer-sponsored retirement plan (i.e., 401(a) or 403(b) plan), the Vested amount may include employer matching contributions.

ISP.207045-26 4

**OVERVIEW OF THE CONTRACT**

*This summary provides a brief overview of the more significant aspects of the Contract. Further detail is provided in this summary Prospectus, the Contract and the summary or full prospectuses for the Funds being considered. We urge you to read the entire summary Prospectus as it describes all material features and benefits of the Contract and your rights and limitations thereunder. It also sets forth information you should know before making the decision to participate in the Contract through your retirement plan. Certain features and benefits may vary depending on the state in which your Contract is issued.*

 

*Certain features and benefits may vary depending on the state in which your Contract is issued, and any such material state variations are disclosed in the discussion of the features and benefits in the Prospectus. Variations in contract benefits or features described in this Prospectus may be imposed without our knowledge by some financial institutions or broker-dealers through which the Contract was sold. For example, your financial professional may not recommend a particular Portfolio or contract benefit to you or your plan. Because of the breadth of our distribution network, our agreements with our distribution partners and the fact that the Contract is an older legacy annuity product that has not been offered for sale for a significant period of time, we cannot obtain pertinent information regarding such variations without unreasonable effort and expense. If you have any questions about any limitations, restrictions, or other variations related to the Portfolios, contract benefits or other contract features available to you, please reach out to your financial institution or broker-dealer.*

**Purpose**

The Contract described in this summary Prospectus is a group deferred variable and fixed annuity contract. It is intended to be used as a funding vehicle for certain types of retirement plans and to qualify for beneficial tax treatment and/or to provide current income reduction under Tax Code Sections 403(b) and Roth 403(b) plans.

The Contract is designed for Investors who intend to accumulate funds for retirement purposes, and thus is best suited for those with a long investment horizon. The Contract should not be viewed as a highly liquid investment. The value of deferred taxation on earnings grows with the amount of time your money is left in the Contract. For these reasons, you should not participate in this Contract if you are looking for a short-term investment. When considering whether to purchase or participate in the Contract, you should consider your financial goals, investment time horizon and risk tolerance.

**Phases of Contract**

The Contract has two phases: An **Accumulation Phase** and an **Income Phase.**

**Accumulation Phase:** During the Accumulation Phase, you direct us to invest your Purchase Payments or Account Value among the follow investment options:

&nbsp;&nbsp;&nbsp;&nbsp;• Variable Investment Options; and/or

&nbsp;&nbsp;&nbsp;&nbsp;• Fixed Interest Options.

**Income Phase:** During the Income Phase, you start receiving annuity, or Income Phase, payments from your Contract. However, during the Income Phase you will be unable to make withdrawals, and any death benefits will terminate. The Contract offers several Income Phase payment options. In general, you may:

&nbsp;&nbsp;&nbsp;&nbsp;• Receive Income Phase payments over a lifetime
or for a specified period;

&nbsp;&nbsp;&nbsp;&nbsp;• Receive Income Phase payments monthly, quarterly,
semi-annually or annually;

&nbsp;&nbsp;&nbsp;&nbsp;• Select an Income Phase option that provides a
death benefit to Beneficiaries; or

**Withdrawals will not be allowed during the Income Phase. See "THE INCOME PHASE" in the full Contract prospectus.**

ISP.207045-26 5

**The Variable Investment Options**

The Variable Investment Options are Subaccounts within the Separate Account. Each Subaccount invests its assets directly in shares of a corresponding underlying Fund, and each Fund has its own distinct investment objectives, fees and expenses and investment advisers. Earnings on amounts invested in a Subaccount will vary depending upon the performance and fees of the corresponding underlying Fund. You do not invest directly in or hold shares of the Funds. **Additional information about each underlying fund is set forth in an appendix to this summary Prospectus. See "APPENDIX: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT."**

There is no guarantee that your Account Value will increase. Depending upon the investment experience of each Fund in which a Subaccount invests, your Account Value may increase or decrease daily. You bear the investment risk for the Funds in which the Subaccounts invest; you will benefit from favorable investment experience but also bear the risk of poor investment performance.

**Contract Features**

**Death Benefit**. A Beneficiary may receive a death benefit in the event of your death during both the Accumulation and Income Phases (described above). If made available under your Contract, you can elect the Return of Purchase Payment Death Benefit or the Adjusted Purchase Payment Guaranteed Death Benefit. The availability of a death benefit during the Income Phase depends upon the Income Phase (i.e., annuity) payment option selected. **See the "DEATH BENEFIT** **– "Death *Benefit During the Income Phase"* in the full prospectus for the Contract.**

**Asset Rebalancing Program.** Our asset rebalancing program may be available in connection with certain Contracts. Asset rebalancing allows you to reallocate your Account Value in the investments and percentages you identify. There is no additional charge for this program. **See 'THE CONTRACT – *Contract Purchase and Limitations* – The Asset Rebalancing Program" in the full prospectus for the Contract.**

**Loans.** If allowed by the Contract and the plan and subject to the terms and conditions imposed by the plan and the plan's loan agreement, you may initiate a loan during the Accumulation Phase from your Account Value allocated to certain Subaccounts and Fixed Interest options. Loans are subject to requirements under the Tax Code and related loan regulations, as well as ERISA (if applicable). Further restrictions may apply due to our administrative practices.**See "Loans" in the full prospectus for the Contract.**

**Systematic Distribution Options.** These allow you to receive regular payments from your account, while retaining the account in the Accumulation Phase. **See "SYSTEMATIC DISTRIBUTION OPTIONS" in the full prospectus for the Contract.**

**Withdrawals**. During the Accumulation Phase, you may, under some plans, withdraw all or part of your Account Value. Amounts withdrawn may be subject to tax withholding, taxation and tax penalties, as well as significant reductions to your Account Value and the Death Benefit, perhaps by more than the amount withdrawn. **See "WITHDRAWALS" in the full prospectus for the Contract.**

**Taxation.** Taxes will generally be due when you receive a distribution. Tax penalties may apply in some circumstances. **See "FEDERAL Tax Considerations" in the full prospectus for the Contract.**

ISP.207045-26 6

**IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT**

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| | |
|:---|:---|
| **FEES AND EXPENSES** | **FEES AND EXPENSES** |
| **Are There Charges or Adjustments for Early Withdrawals?** | We do not impose a charge for early withdrawals from the Contract. |
| **Are There Transaction Charges?** | **Yes.** The Investor may be charged for the following transactions:<br> If you take a loan from your Account Value, you may be subject to a Loan Initiation Fee; not to exceed $100 per loan. A Loan Interest Rate Spread (which is the difference between the rate charged and the rate credited on loans under your contract) or an Annual Loan administration fee is charged until the loan is repaid; andCertain Funds may impose redemption fees as a result of withdrawals, transfers or other Fund transactions you may initiate.<br> **See "FEE TABLES – *Transaction Expenses"* and "CHARGES AND FEES" in the full Contract prospectus.** |
| **Are There Ongoing Fees and Expenses?** | The table below describes the fees and expenses that you may pay *each year*, depending on the Variable Investment Options you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected. |

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| |
|:---|
| **Annual Fee** |
| **Base Contract Expenses**1.50%<sup>1,2</sup>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.50%<sup>1,2</sup> |
| **Portfolio Company fees and expenses**0.11%<sup>3</sup>0.95%<sup>3</sup> |

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<sup>1</sup> As a percentage of average Account Value.

<sup>2</sup> The base contract expenses include (1) a mortality and expense risk charge, which compensates us for the mortality and expense risks we assume under the Contract, including those risks associated with our funding of the death benefit, and any guaranteed death benefits; and (2) a $75 annual maintenance fee, (0.000983014% when converted to an annual percentage), which helps defray the administrative expenses we incur in establishing and maintaining the accounts, and may be reduced or eliminated in certain circumstances. The minimum amount reflects these reductions or eliminations, while the maximum amount does not. Additionally, the minimum amount reflects the lower mortality and expense risk charge, and the maximum amount reflects the higher mortality and expense risk charge for the Contracts. **See "CHARGES AND FEES – *Periodic Fees and Charges –* Mortality and Expense Risk Charge" in the full Contract prospectus.**

<sup>3</sup> As a percentage of Account Value allocated to the Subaccount investing in the Portfolio Company. These expenses, which include management fees, distribution (12b-1) and/or service fees and other expenses, do not take into account any fee waiver or expense reimbursement arrangements that may apply. These expenses are for the year ended December 31, 2025, and will vary from year to year.

ISP.207045-26 7

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| | |
|:---|:---|
| **FEES AND EXPENSES**<br> ***(continued from previous page)*** | **FEES AND EXPENSES**<br> ***(continued from previous page)*** |
| **Are There Ongoing Fees and Expenses?** | Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay *each year*, based on current charges. This estimate assumes that you do not take withdrawals from the Contract. |

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| | |
|:---|:---|
| **Lowest Annual Cost Estimate:**<br> **$108** | **Highest Annual Cost Estimate:**<br> **$2,131** |
| Assumes:<br> • Investment of $100,000;<br> • 5% annual appreciation;<br> • No optional benefits;<br> • No loans;<br> • No sales charges; and<br> • No additional Purchase Payments, transfers or withdrawals. | Assumes:<br> • Investment of $100,000;<br> • 5% annual appreciation;<br> • No loans; <br> • No sales charges; and<br> • No additional Purchase Payments, transfers or withdrawals. |
| <br> **See "ADDITIONAL INFORMATION ABOUT FEES – *Periodic Fees and Expenses*" sections of this summary Prospectus and "CHARGES AND FEES – *Periodic Fees and Charges*" in the full Contract prospectus.** | <br> **See "ADDITIONAL INFORMATION ABOUT FEES – *Periodic Fees and Expenses*" sections of this summary Prospectus and "CHARGES AND FEES – *Periodic Fees and Charges*" in the full Contract prospectus.** |

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| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Is There a Risk of Loss from Poor Performance?** | **Yes.** An Investor can lose money by investing in the Contract. Contact Customer Service at 1-800-584-6001 for questions regarding the Contract.<br>**See "PRINCIPAL RISKS OF INVESTING IN THE CONTRACT" in the full Contract prospectus.** |
| **Is This a Short-Term Investment?** | This Contract is not designed for short-term investing and is not appropriate for an Investor who needs ready access to cash. The Contract is typically most useful as part of a personal retirement plan. You should not participate in this Contract if you are looking for a short-term investment or expect to make withdrawals before you are age 59½.<br>**See "PRINCIPAL RISKS OF INVESTING IN THE CONTRACT" in the full Contract prospectus.** |
| **What Are the Risks Associated with the Investment Options?** | An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment option available under the Contract. Each investment option (including the Fixed Interest Option) will have its own unique risks, and you should review these investment options before making an investment decision.<br>**See "THE INVESTMENT OPTIONS – *The Variable Investment Options*" and "APPENDIX B: FIXED PLUS ACCOUNT II" in the full Contract Prospectus and "APPENDIX: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT" to this summary Prospectus.** |

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ISP.207045-26 8

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| | |
|:---|:---|
| **RISKS**<br> ***(continued from previous page)*** | **RISKS**<br> ***(continued from previous page)*** |
| **What Are the Risks Related to the Insurance Company?** | An investment in the Contract is subject to the risks related to VRIAC, including that any obligations, including under the Fixed Interest Options, guarantees or benefits are subject to the financial strength and claims paying ability of VRIAC. More information about VRIAC, including its financial strength and claims paying ability, is available upon request, by contacting Customer Service.<br>**See "THE CONTRACT – *The General Account*" in the full Contract prospectus.** |

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| | |
|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There Limits on the Investment Options?** | **Yes.**<br> • Your plan may limit the number of options you may select at any one time. Please refer to your plan documents for more information; <br> • Some Subaccounts and Fixed Interest Options may not be available through certain Contracts, your plan or in some states. Please refer to your plan documents for a list of Subaccounts and Fixed Interest Options available to you.<br> • The Fixed Interest Option may not be available for current or future investment;<br> • There are certain restrictions on transfers from the Fixed Interest Option;<br> • The Company reserves the right to combine two or more Subaccounts, close Subaccounts or substitute a new Fund for a Fund in which a Subaccount currently invests; and<br> • The Contract is not designed to serve as a vehicle for frequent transfers. We actively monitor Fund transfer and reallocation activity to identify violations of our Excessive Trading Policy. Electronic trading privileges will be suspended if the Company determines, in its sole discretion, that our Excessive Trading Policy has been violated.<br>**See "THE INVESTMENT OPTIONS – *Selecting Investment Options* and *Right to Change the Separate Account*" and "THE CONTRACT *– Limits on Frequent or Disruptive Transfers*" in the full Contract prospectus.** |
| **Are There any Restrictions on Contract Benefits?** | **Yes.**<br> • We may discontinue or restrict the availability of an optional benefit.<br> • Benefits available to you may vary based on your plan. Please refer to your plan documents for benefits available to you; and<br> Withdrawals may reduce the amount of a death benefit based on premium by more than the amount withdrawn.<br> **See the "*Benefits Available Under the Contract* – Other Optional Benefits" and "MAKING WITHDRAWALS: ACCESSING THE MONEY IN YOUR CONTRACT" sections of this summary Prospectus.** |

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| | |
|:---|:---|
| **TAXES** | **TAXES** |
| **What are the Contract's Tax Implications?** | • You should consult with a tax and/or legal adviser to determine the tax implications of an investment in, and distributions received under, the Contract;<br> • There is no additional tax benefit to the Investor if the Contract is purchased through a tax-qualified plan or individual retirement account ("IRA"); and <br> • Withdrawals will be subject to ordinary income tax and may be subject to tax penalties.<br>**See "FEDERAL TAX CONSIDERATIONS" in the full Contract prospectus.** |

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ISP.207045-26 9

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| | |
|:---|:---|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| **How are Investment ProfessionalsCompensated?**<br>| • We do not pay compensation to broker-dealers or their registered representatives in connection with the sale of the Contract.<br> • Compensation may be paid in the form of commissions or other compensation, to certain management personnel, including sales management personnel.<br> • Because of this sales-based compensation, management personnel and sales management personnel may have a financial incentive to offer or recommend the Contract over another investment.<br>**See "OTHER TOPICS – *Contract Distribution*" in the full Contract prospectus.** |
| **Should I Exchange My Contract?** | Some investment professionals may have a financial incentive to offer you a new Contract in place of the one you own. You should exchange your contract only if you determine, after comparing the features, fees, and risks of both contracts, and any fees or penalties to terminate the existing contract, that it is preferable for you to purchase the new contract rather than continue to own the existing contract.<br>**See "PRINCIPAL RISKS OF INVESTING IN THE CONTRACT" in the full Contract prospectus.** |

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ISP.207045-26 10

**Benefits Available Under the Contract**

The following table summarizes information about the benefits available under the Contract:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of<br> Benefit** | **Purpose** | **Is Benefit<br> Standard or Optional** | **Maximum<br> Fee** | **Brief Description of<br> Restrictions/Limitations** |
| **Adjusted Purchase Payment Guaranteed Death Benefit** | The death benefit is the greater of (a) or (b), where:<br> (a) Is the adjusted Purchase Payment total, which is the sum of all net Purchase Payments to your account, minus a proportional adjustment for withdrawals and amounts taken as a loan, which amount will never be less than zero; and<br> (b) Is the current Account Value, excluding amounts taken as a loan. | Standard | No additional fee for this benefit. | If the death benefit in (a) is less than the amount in (b), and the Beneficiary requests an immediate payment or begins Income Phase payments, the amount paid will be the current Account Value, excluding any amounts taken as a loan. This benefit may not be available under your Contract. Participants should refer to their plan documents for available benefits. |
| **Asset Rebalancing Program** | Allows you to reallocate your Account Value in the investments and percentages you identify. | Standard | No additional fee for this benefit. | Account Values invested in certain investment options may not be available for rebalancing under this program. Subaccount reallocations or changes outside of the asset rebalancing program may affect the program. Changes such as Fund mergers, substitutions or closures may also affect the program. This benefit may not be available under your Contract. Participants should refer to their plan documents for available benefits. |

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ISP.207045-26 11

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of<br> Benefit** | **Purpose** | **Is Benefit<br> Standard or Optional** | **Maximum<br> Fee** | **Brief Description of<br> Restrictions/Limitations** |
| **Systematic Distribution Options** | Allows you to receive regular payments from your account without moving into the Income Phase. | Standard | No additional fee for this benefit. | If not required under the plan, VRIAC may discontinue the availability of one or all of the systematic distribution options at any time and/or change the terms of future elections. This benefit may not be available under your Contract. Participants should refer to their plan documents for available benefits. |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Loans** | Allows you to borrow against your Account Value. | Standard | Loan Initiation Fee: $100 per loan. | Loans from your Account Value may be subject to a loan initiation fee, which will not exceed $100 per loan. The loan initiation fee will be deducted from the Vested individual Account Value during the first month of the loan period. We reserve the right to change the loan initiation fee, but not to exceed $100 per loan. This benefit may not be available under your Contract. Participants should refer to their plan documents for available benefits. |

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**BUYING THE CONTRACT**

**Purchasing the Contract**

To purchase the Contract:

&nbsp;&nbsp;&nbsp;&nbsp;• The Contract Holder submits the required forms
and application to the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;• We approve the forms and issue a Contract to the
Contract Holder.

**Participating in the Contract**

To participate in the Contract:

&nbsp;&nbsp;&nbsp;&nbsp;• We provide you with enrollment materials for completion
and return to us, which may be completed electronically where available (occasionally enrollment is conducted by someone unaffiliated
with us who is assisting the Contract Holder); and

&nbsp;&nbsp;&nbsp;&nbsp;• If your enrollment materials are complete and
in Good Order, we establish one or more accounts for you. Under certain plans we establish an employee account for contributions from
your salary and an employer account for employer contributions. We may also establish Roth 403(b) accounts.

ISP.207045-26 12

**Allocation of Purchase Payments**

The Contract Holder or you, if the Contract Holder permits, directs us to allocate initial Purchase Payments to the investment options available under the plan. Generally, you will specify this information on your enrollment materials. After your enrollment, changes to allocations for future Purchase Payments or transfers of existing balances among investment options may be requested by telephone, electronically at <u>www.voyaretirementplans.com</u> or through such other means as may be available under our administrative procedures in effect from time to time. Allocations must be in whole percentages, and there may be limitations on the number of investment options that can be selected. **See "THE Investment Options" in the full Contract Prospectus.**

**Tax Code Restrictions**

 ****

The Tax Code places some limitations on contributions to your account. **See "FEDERAL Tax Considerations" in the full Contract Prospectus.**

**When Initial and Subsequent Purchase Payments Are Credited**

**Initial Purchase Payment**. We must accept or reject an application or your enrollment materials within two business days of receipt. If the forms are incomplete, we may hold any forms and accompanying Purchase Payments for five business days, unless you consent to our holding them longer. Under limited circumstances, we may also agree, for a particular plan, to hold Purchase Payments for longer periods with the permission of the Contract Holder. If we agree to do this, the Purchase Payments remain in a non-interest bearing bank account until processed (or for a maximum of 105 days). If we reject the application or enrollment forms, we will return the forms and any Purchase Payments.

**Subsequent Purchase Payments.** If all or a portion of initial Purchase Payments are directed to the Subaccounts, they will purchase Subaccount Accumulation Units at the Accumulation Unit Value next computed after our acceptance of the applicable application or enrollment forms, as described in "**CONTRACT PURCHASE AND PARTICIPATION**" in the full Contract Prospectus. Subsequent Purchase Payments or transfers directed to the Subaccounts that we receive in Good Order by the close of business of the New York Stock Exchange ("NYSE") (normally at 4:00 p.m. Eastern Time) will purchase Subaccount Accumulation Units at the Accumulation Unit Value computed as of the close of the NYSE on that day. The value of Subaccounts may vary day to day. Subsequent Purchase Payments and transfers received in Good Order after the close of the NYSE will purchase Accumulation Units at the Accumulation Unit Value computed as of the close of the NYSE on the next business day.

ISP.207045-26 13

**MAKING WITHDRAWALS: ACCESSING THE MONEY IN YOUR CONTRACT**

**Withdrawals**

Subject to limitations on withdrawals and other restrictions (see "**W** **ithdrawal Restrictions**" in this section), the Contract Holder, or you if permitted by the plan, may withdraw all or a portion of your Account Value at any time during the Accumulation Phase.

**Steps for Making a Withdrawal**

The Contract Holder, or you if permitted by the plan, must:

&nbsp;&nbsp;&nbsp;&nbsp;• Select the Withdrawal Amount:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Full Withdrawal: You will
receive, reduced by any required tax, your Account Value allocated to the Subaccounts, minus any applicable redemption fees; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Partial Withdrawal (Percentage
or Specified Dollar Amount): You will receive, reduced by any required tax, the amount you specify, subject to the value available in
your account. However, the amount actually withdrawn from your account will be adjusted by any applicable redemption fees for amounts
withdrawn from the Subaccounts.

&nbsp;&nbsp;&nbsp;&nbsp;• Select Investment Options.
If not specified, we will withdraw dollars in the same proportion as the values you hold in the various investment options from each investment
option in which you have an account value; and

&nbsp;&nbsp;&nbsp;&nbsp;• Properly complete a disbursement
form and submit it to Customer Service.

For amounts you withdraw from Account Value allocated to the Subaccounts, we will redeem the number of Accumulation Units needed to fund the withdrawal and reduce your Account Value accordingly. A reduction to your Account Value due to a withdrawal result in a lesser amount available to be annuitized and a lesser death benefit (if your death benefit amount is based on your Account Value).

**Calculation of Your Withdrawal**

We determine your Account Value every normal business day after the close of the NYSE. We pay withdrawal amounts based on your Account Value either:

&nbsp;&nbsp;&nbsp;&nbsp;• As of the next valuation after Customer Service
receives a request for withdrawal in Good Order; or

&nbsp;&nbsp;&nbsp;&nbsp;• On such later date as specified on the disbursement
form.

**Delivery of Payment**

Payments for withdrawal requests will be made in accordance with SEC requirements. Normally, we will send your payment no later than seven calendar days following our receipt of your disbursement form in Good Order.

**Withdrawal Restrictions**

Many plans may have limits on withdrawals that may be made from the plan. Some examples of these limits are listed below:

&nbsp;&nbsp;&nbsp;&nbsp;• Section 403(b)(11) of the Tax Code generally prohibits
withdrawals under 403(b) Contracts prior to your death, disability, attainment of age 59½, severance from employment, or financial
hardship of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Salary reduction contributions made after December 31, 1988;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Earnings on those contributions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Earnings during such period on amounts held as of December 31, 1988;

ISP.207045-26 14

&nbsp;&nbsp;&nbsp;&nbsp;• 403(b) regulations impose restrictions on the
distribution of 403(b) employer contributions under certain Contracts. **See "FEDERAL Tax Considerations – Distributions – Eligibility – 403(b) and Roth 403(b) Plans" in the full Contract Prospectus**.

&nbsp;&nbsp;&nbsp;&nbsp;• The Contract generally requires that the Plan
Sponsor or its delegate certify that you are eligible for the distribution; and

&nbsp;&nbsp;&nbsp;&nbsp;• If you are married and covered by an ERISA plan,
the Contract Holder must provide certification that Retirement Equity Act requirements have been met.

The Tax Code and/or your plan may impose other limitations on withdrawals. **See "FEDERAL Tax Considerations – Distributions – Eligibility" in the full Contract Prospectus.**

**Systematic Distribution Options**

If available under your plan, a systematic distribution option allows you to receive regular payments from your account without moving into the Income Phase. By remaining in the Accumulation Phase, you retain certain rights and investment flexibility not available during the Income Phase. Because the account remains in the Accumulation Phase, all Accumulation Phase charges continue to apply.

**Systematic Distribution Options Currently Available**

These options may be exercised at any time during the Accumulation Phase of the Contract. To exercise one of these options, the Account Value must meet any minimum dollar amount and age criteria applicable to that option. To determine what systematic distribution options are available, please write or call Customer Service.

Systematic distribution options currently available under the Contract include the following:

&nbsp;&nbsp;&nbsp;&nbsp;• **Systematic Withdrawal Option ("SWO")** – SWO is a series of partial withdrawals from your account based on the payment method selected. It is
 designed for those who want a periodic income while retaining investment flexibility for amounts accumulated under the Contract. You
 may not elect this option if you have an outstanding Contract Loan; and

&nbsp;&nbsp;&nbsp;&nbsp;• **Estate Conservation Option ("ECO")** – This option offers the same investment flexibility as SWO, but is designed for those who want to
 receive only the minimum distribution that the Tax Code requires each year. Under this option, the Company calculates the minimum
 distribution amount required by law (generally at age 73 (or such other age as prescribed by Tax Code Section 401(a)(9)) or
 retirement, if later) and pays you that amount once a year.

**Other Systematic Distribution Options**

Other systematic distribution options may be available from time to time. Additional information relating to any of the systematic distribution options may be obtained by contacting Customer Service.

**Availability of Systematic Distribution Options**

If not required under the plan, the Company may discontinue the availability of one or all of the systematic distribution options at any time and/or change the terms of future elections.

**Electing a Systematic Distribution Option**

The Contract Holder or you, if permitted by the plan, may elect a systematic distribution option. The Plan Sponsor or its delegate generally must provide the Company with certification that you are eligible for a distribution and that the distribution is in accordance with the terms of the plan.

ISP.207045-26 15

**Terminating a Systematic Distribution Option**

Once you elect a systematic distribution option, you may revoke it at any time by submitting a written request to Customer Service. Any revocation will apply only to the amount not yet paid. Once revoked, an option may not be elected again until the next calendar year, nor may any other systematic distribution option be elected, unless the Tax Code permits it.

**Tax Consequences**

Withdrawals received through these options and revocations of elections may have tax consequences. **See "FEDERAL Tax Considerations" in the full Contract prospectus.**

**Loans**

**Availability**

If allowed by the Contract and the plan and subject to the terms and conditions imposed by the plan and the plan's loan agreement, participants may initiate a loan during the Accumulation Phase from their individual Account Value allocated to certain Subaccounts and Fixed Interest Options. Loans are not available from Roth 403(b) contracts or accounts ("loanable"). However, under some contracts, participant Roth 403(b) accounts may be included in the calculation of the amount available for loan ("lienable") but will not be loanable. Some plans restrict loans from your employer account. Amounts available from some Investment Options may be subject to limitations specified in the loan agreement. **See "LOANS" in the full Contract prospectus for additional information.**

ISP.207045-26 16

**ADDITIONAL INFORMATION ABOUT FEES**

**The following tables describe the fees and expenses that you will pay when buying, owning and surrendering or making withdrawals from the Contract. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected.** 

**The first table describes the fees and expenses that you may pay *at the time* you buy the Contract, surrender or make withdrawals from the Contract or take a loan from the Contract. State premium taxes may also be deducted.**

**Transaction Expenses**

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| | |
|:---|:---|
| Loan Initiation Fee<sup>1</sup> | $100.00 |
| Loan Interest Rate Spread (per annum)<sup>2</sup> | 3.00% |
| Annual Loan Administration Fee<sup>3</sup> | $50.00 |
| Premium Tax<sup>4</sup> | 0.00% to 4.00% |

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**The next table describes the fees and expenses that you will pay *each year* during the time that you own the Contract (not including Fund fees and expenses).**

 

**Annual Contract Expenses**

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| | |
|:---|:---|
| Base Contract Expenses<sup>5,6</sup><br> *(as a percentage of average Account Value)* | 1.50% |
| Annual Maintenance Fee<sup>5</sup> | $75.00 |

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<sup>1</sup> We reserve the right to change the fee charged for loan initiation, but not to exceed $100. **See "Loans ‒ *Things to Consider Before Initiating a Loan*."**

<sup>2</sup> This is the difference between the rate charged and the rate credited on loans under your Contract. We reserve the right to assess a Loan Interest Rate Spread between 0.0% and 3.0% per annum. If applied, the Loan Interest Rate Spread is generally 2.5% per annum. **See "LOANS ‒ Things to Consider Before Initiating a Loan" in the full Contract prospectus.**

<sup>3</sup> Certain Contracts that have a 0.0% Loan Interest Rate Spread may be subject to an annual loan administration fee. If assessed, the annual loan maintenance fee will apply to each outstanding Plan Loan and be deducted from the vested individual account value. We reserve the right to change the annual fee charged for loan administration, but the fee shall not exceed $50. **See "Loans ‒ *Things to Consider Before Initiating a Loan*" in the full Contract prospectus.**

<sup>4</sup> We reserve the right to deduct a charge for premium taxes from your Account Value or from payments to the Account at any time, but not before there is a tax liability under state law. **See "CHARGES AND FEES ‒ Premium and Other Taxes" in the full Contract prospectus.**

<sup>5</sup> The mortality and expense risk charge, included in the base contract expenses, compensates us for the mortality and expense risks we assume under the Contract, including those risks associated with our funding of the death benefit, including any guaranteed death benefits. **See "CHARGES AND FEES – Periodic Fees and Charges – Mortality and Expense Risk Charge" in the full Contract prospectus.**

<sup>6</sup> These fees may be waived, reduced, or eliminated in certain circumstances. **See "CHARGES AND FEES" in the full Contract prospectus.**

ISP.207045-26 17

**The next item shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the Contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of the Funds available under the Contract, including their annual expenses, may be found in an appendix to this summary Prospectus. See "APPENDIX: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT."**

**Annual Fund Expenses**

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| | | |
|:---|:---|:---|
| ***Total Annual Fund Operating Expenses*** | **Minimum** | **Maximum** |
| Expenses that are deducted from Fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses (as of December 31, 2025). | 0.11% | 0.95% |
| Range of total annual Fund operating expenses after any waivers or expense reimbursements<sup>1</sup> | 0.11% | 0.79% |

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**Examples**

**These examples are intended to help you compare the cost of investing in the Variable Investment Options with the cost of investing in other annuity contracts that offer Variable Investment Options. These costs include transaction expenses (assuming no loans), annual Contract expenses and annual Fund expenses.** 

**The Example assumes all Contract value is allocated to the Variable Investment Options.**

**The following example assumes that you invest $100,000 in the Variable Investment Options for the time periods indicated. The Example also assumes that your investment has a 5% return each year and assumes the most expensive combination of annual Fund expenses. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Example A: If you withdraw your entire Account Value at the end of the applicable time period:** | **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| **Example A: If you withdraw your entire Account Value at the end of the applicable time period:** | $2482 | $7638 | $13060 | $27872 |
| **Example B: If you do not withdraw your entire Account Value or if you select an income Phase payment option at the end of the applicable time period:**<sup>\*</sup> | **<u>1 Year</u>** | **<u>3 Years</u>** | **<u>5 Years</u>** | **<u>10 Years</u>** |
| **Example B: If you do not withdraw your entire Account Value or if you select an income Phase payment option at the end of the applicable time period:**<sup>\*</sup> | $2482 | $7638 | $13060 | $27872 |

---

\* This example will not apply if during the Income Phase a nonlifetime payment option is elected with variable payments and a lump-sum payment is requested within a certain number of years as specified in the contract. In that case, the lump-sum payment is treated as a withdrawal during the Accumulation Phase. (Refer to Example A.)

<sup>1</sup> Any expense waivers or reimbursements will remain in effect until at least April 30, 2027, and can only be terminated early with approval by the Fund company's board of directors.

ISP.207045-26 18

**APPENDIX: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT**

**The Variable Options and Fixed Interest Options available to you may vary based on employer. You should refer to your plan documents for a list of available Investment Options.**

***Variable Options***

**The following is a list of Funds available under the Contract. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at at** <u>https://vpx.broadridge.com/getcontract1.asp?doctype=isp&dtype=isp&cid=voyavpx&fid=NVA003240</u>**. You can also request this information at no cost by calling 1-800-584-6001 or by sending an email request to ProspectusRequests@voya.com. The Funds available to you may vary based on employer and state approval and participants should refer to their plan documents for a list of available Funds.** 

**The current expenses and performance information below reflects fee and expenses of the Funds, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Fund's past performance is not necessarily an indication of future performance.** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **INVESTMENT OBJECTIVE** | **FUND NAME**<br> **INVESTMENT<br> ADVISER/SUBADVISER** | **CURRENT EXPENSES** | **AVERAGE ANNUAL TOTAL**<br> **RETURNS**<br> (as of 12/31/2025) | **AVERAGE ANNUAL TOTAL**<br> **RETURNS**<br> (as of 12/31/2025) | **AVERAGE ANNUAL TOTAL**<br> **RETURNS**<br> (as of 12/31/2025) |
| **INVESTMENT OBJECTIVE** | **FUND NAME**<br> **INVESTMENT<br> ADVISER/SUBADVISER** | **CURRENT EXPENSES** | **1 Year** | **5 Years** | **10 Years** |
| Seeks to maximize total returns and maintain lower volatility relative to the overall market. | **abrdn Emerging Markets ex-China Fund (Institutional Class)**<br>**Investment Adviser:** abrdn Inc. | 0.90%<sup>\*</sup> | 34.87% | 8.90% | 10.06% |
| Achieve long-term capital appreciation. | **DFA Emerging Markets Core Equity 2 Portfolio** <br> **(Institutional Shares)**<sup>1</sup><br>**Investment Adviser:** Dimensional Fund Advisors LP<br>**Subadvisers:** Dimensional Fund Advisors Ltd. and DFA Australia Limited | 0.39% | 28.77% | 7.14% | 9.26% |
| Provide inflation protection and earn current income consistent with inflation-protected securities. | **DFA Inflation-Protected Securities Portfolio** <br> **(Institutional Shares)**<sup>1</sup><br>**Investment Adviser:** Dimensional Fund Advisors LP | 0.11% | 7.03% | 1.01% | 3.11% |

---

<sup>\*</sup> Current expenses reflect applicable waivers or expense limitations as reported in the Fund's prospectus.

<sup>1</sup> This Fund is available to the general public in addition to being available through variable annuity contracts. **See "FEDERAL TAX CONSIDERATIONS – Special Considerations for Section 403(b) Plans" for a discussion of investment in one of the public funds under 403(b) or Roth 403(b) annuity contracts.**

ISP.207045-26 19

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **INVESTMENT OBJECTIVE** | **FUND NAME**<br> **INVESTMENT<br> ADVISER/SUBADVISER** | **CURRENT EXPENSES** | **AVERAGE ANNUAL TOTAL**<br> **RETURNS**<br> (as of 12/31/2025) | **AVERAGE ANNUAL TOTAL**<br> **RETURNS**<br> (as of 12/31/2025) | **AVERAGE ANNUAL TOTAL**<br> **RETURNS**<br> (as of 12/31/2025) |
| **INVESTMENT OBJECTIVE** | **FUND NAME**<br> **INVESTMENT<br> ADVISER/SUBADVISER** | **CURRENT EXPENSES** | **1 Year** | **5 Years** | **10 Years** |
| Seeks to long-term capital appreciation. | **DFA U.S. Targeted Value Portfolio (Institutional Class)**<sup>1</sup><br>**Investment Adviser:** Dimensional Fund Advisors LP | 0.29%<sup>\*</sup> | 9.55% | 13.60% | 10.81% |
| Seeks to long-term capital appreciation | **Neuberger Quality Equity Fund (Institutional Class)<sup>\*\*</sup>**<br>**Investment Adviser:** Neuberger Berman Investment Advisers LLC | 0.69% | 17.59% | 14.08% | 13.68% |
| Seeks to provide growth of capital. | **Nomura Mid Cap Growth Fund (Institutional Class)<sup>\*\*\*</sup>**<br>**Investment Adviser:** Nomura Investment Management Business Trust<sup>\*\*\*</sup> | 0.79%<sup>\*</sup> | 1.12% | 0.27% | 11.00% |
| Seeks to provide long-term capital appreciation through investments in common stocks of growth companies. | **T. Rowe Price Large-Cap Growth Fund (Class I)**<sup>1</sup><br>**Investment Adviser:** T. Rowe Price Associates, Inc. | 0.55% | 17.65% | 12.46% | 16.91% |
| Aims to maximize total return over the course of a market cycle by following a value-based discipline that adjusts portfolio risk profiles over time. | **TCW MetWest Total Return Bond Fund (Class I)**<sup>1</sup><br>**Investment Adviser:** TCW Metropolitan West Asset Management, LLC | 0.44% | 7.81% | -0.55% | 2.09% |
| Seeks to provide investors with long-term capital growth. | **Touchstone Value Fund (Institutional Shares)**<sup>1</sup><br>**Investment Adviser:** Touchstone Advisors, Inc.<br>**Subadviser:** Barrow, Hanley, Mewhinney & Strauss, LLC | 0.68%<sup>\*</sup> | 11.78% | 12.34% | 11.11% |
| A *non-diversified* Portfolio that seeks long-term capital growth. | **Voya Large Cap Growth Portfolio (Class I)**<br>**Investment Adviser:** Voya Investments, LLC<br>**Subadvisers:** Voya Investment Management Co. LLC and T. Rowe Price Associates Inc.<sup>\*\*\*\*</sup> | 0.67%<sup>\*</sup> | 15.33% | 12.23% | 15.19% |

---

---

| | |
|:---|:---|
| \* | Current expenses reflect applicable waivers or expense limitations as reported in the Fund's prospectus. |
| \*\* | Effective July 28, 2025, the Neuberger Berman Sustainable Equity Fund changed its name to the Neuberger Quality Equity Fund. |
| \*\*\* | Effective December 1, 2025, the Macquarie Mid Cap Growth Fund changed its name to the Nomura Mid Cap Growth Fund and the investment manager changed from the Delaware Management Company to the Nomura Investment Management Business Trust. |
| \*\*\*\* | Effective on or about October 27, 2025, T. Rowe Price Associates Inc. was added as a sub-adviser to Voya Large Cap Growth Portfolio. |
| <sup>1</sup> | This Fund is available to the general public in addition to being available through variable annuity contracts. **See "FEDERAL TAX CONSIDERATIONS - Special Considerations for Section 403(b) Plans" for a discussion of investment in one of the public funds under 403(b) or Roth 403(b) annuity contracts.** |

---

ISP.207045-26 20

***Fixed Interest Options***

**The following is the Fixed Interest Option currently available under the Contract. The availability of the Fixed Interest Option may vary based on employer and state approval and participants should refer to their plan documents for a list of available Fixed Interest Options. We may change the features of the Fixed Interest Option listed below, offer new Fixed Interest Options, and terminate existing Fixed Interest Option. We will provide you with written notice before doing so.**

---

| | | |
|:---|:---|:---|
| **Name** | **Term\*** | **Minimum Guaranteed Interest Rate** |
| The Fixed Plus Account II | N/A | 1.00% |

---

\* The guaranteed minimum interest rate for your Contract is stated in your Contract, and will not be less than stated.

ISP.207045-26 21

**HOW TO GET MORE INFORMATION**

This summary Prospectus incorporates by reference the full Florida University System Optional Retirement Program and the Florida Senior Management Service Optional Annuity Program Contract prospectus and Statement of Additional Information, each dated May 1, 2026, as amended or supplemented. You can find these documents online at <u>https://vpx.broadridge.com/getcontract1.asp?doctype=pros&dtype=isp&cid=voyavpx&fid=NVA003240</u> for the Contract prospectus and <u>https://vpx.broadridge.com/getcontract1.asp?doctype=sai&dtype=isp&cid=voyavpx&fid=NVA003240</u>

for the SAI. You can also obtain these documents at no cost by calling 1-800-584-6001 or by sending an email request to <u>ProspectusRequests@voya.com</u>.

Reports and other information about the Variable Annuity Account C, and Voya Retirement Insurance and Annuity Company, are available on the Commission's website at <u>http://www.sec.gov</u>. Copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

EDGAR Contract Identifier: C000163132

ISP.207045-26 22

## Exhibit 99.27

**Exhibit 27(p): Powers of Attorney**

POWER OF ATTORNEY

**Pursuant to Item 601(b)(24) of Regulation SK and Rule 462(b) of the Securities Act of 1933**

The undersigned hereby constitutes and appoints the individuals set forth below and each of them individually as my true and lawful attorneys-in-fact, with full power to each of them to act alone, to sign for me and file any instrument or document to be filed as part of or in connection with or in any way related to the registration statement listed below, and any and all amendments thereto, filed with the Securities and Exchange Commission under the Securities Act of 1933 and the Investment Company Act of 1940, as amended, and any documentation, including Form N-8F, necessary to deregister any such registrations associated with the issuance of any such registrations.

**COMPANY:** Voya Retirement Insurance and Annuity Company

**INDIVIDUALS WITH POWER OF ATTORNEY:** Lombard J. Gasbarro, Tamara Saverine, Ian D. Macleod, and Peter T. Moriarty

**REGISTRATION STATEMENTS FILED UNDER THE SECURITIES ACT OF 1933:**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 033-34370 | 033-75996 | 033-81216 | 333-105479 | 333-134760 | 333-278458 | 333-294117 |
| 033-61897 | 033-76002 | 333-207045 | 333-109622 | 333-153730 | 333-278858 | 333-294118 |
| 033-64277 | 033-75988 | 333-01107 | 333-109860 | 333-167182 | 333-288655 | 333-294119 |
| 033-75248 | 033-75992 | 333-09515 | 333-129091 | 333-167680 | 333-294111 |  |
| 033-75962 | 033-76004 | 333-27337 | 333-130822 | 333-278455 | 333-294112 |  |
| 033-75974 | 033-76018 | 333-56297 | 333-130825 | 333-278456 | 333-294114 |  |
| 033-75980 | 033-79122 | 333-72079 | 333-130826 | 333-278457 | 333-294115 |  |

---

**REGISTRATION STATEMENTS FILED UNDER THE INVESTMENT COMPANY ACT OF 1940:**

811-02512 811-02513 811-04536 811-05906 811-08582 811-09002

I hereby ratify and confirm on this 20<sup>th</sup> day of March, 2026, my signature as it may be signed by my said attorneys to any such registration statements and any and all amendments thereto.

Signature

<u>/s/ Amelia J. Vaillancourt</u>

Amelia J. Vaillancourt, Director and President

POWER OF ATTORNEY

**Pursuant to Item 601(b)(24) of Regulation SK and Rule 462(b) of the Securities Act of 1933**

The undersigned hereby constitutes and appoints the individuals set forth below and each of them individually as my true and lawful attorneys-in-fact, with full power to each of them to act alone, to sign for me and file any instrument or document to be filed as part of or in connection with or in any way related to the registration statement listed below, and any and all amendments thereto, filed with the Securities and Exchange Commission under the Securities Act of 1933 and the Investment Company Act of 1940, as amended, and any documentation, including Form N-8F, necessary to deregister any such registrations associated with the issuance of any such registrations.

**COMPANY:** Voya Retirement Insurance and Annuity Company

**INDIVIDUALS WITH POWER OF ATTORNEY:** Lombard J. Gasbarro, Tamara Saverine, Ian D. Macleod, and Peter T. Moriarty

**REGISTRATION STATEMENTS FILED UNDER THE SECURITIES ACT OF 1933:**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 033-34370 | 033-75996 | 033-81216 | 333-105479 | 333-134760 | 333-278458 | 333-294117 |
| 033-61897 | 033-76002 | 333-207045 | 333-109622 | 333-153730 | 333-278858 | 333-294118 |
| 033-64277 | 033-75988 | 333-01107 | 333-109860 | 333-167182 | 333-288655 | 333-294119 |
| 033-75248 | 033-75992 | 333-09515 | 333-129091 | 333-167680 | 333-294111 |  |
| 033-75962 | 033-76004 | 333-27337 | 333-130822 | 333-278455 | 333-294112 |  |
| 033-75974 | 033-76018 | 333-56297 | 333-130825 | 333-278456 | 333-294114 |  |
| 033-75980 | 033-79122 | 333-72079 | 333-130826 | 333-278457 | 333-294115 |  |

---

**REGISTRATION STATEMENTS FILED UNDER THE INVESTMENT COMPANY ACT OF 1940:**

811-02512 811-02513 811-04536 811-05906 811-08582 811-09002

I hereby ratify and confirm on this 18<sup>th</sup> day of March, 2026, my signature as it may be signed by my said attorneys to any such registration statements and any and all amendments thereto.

Signature

<u>/s/ Tony D. Oh</u>

Tony D. Oh, Senior Vice President and Chief Accounting Officer

POWER OF ATTORNEY

**Pursuant to Item 601(b)(24) of Regulation SK and Rule 462(b) of the Securities Act of 1933**

The undersigned hereby constitutes and appoints the individuals set forth below and each of them individually as my true and lawful attorneys-in-fact, with full power to each of them to act alone, to sign for me and file any instrument or document to be filed as part of or in connection with or in any way related to the registration statement listed below, and any and all amendments thereto, filed with the Securities and Exchange Commission under the Securities Act of 1933 and the Investment Company Act of 1940, as amended, and any documentation, including Form N-8F, necessary to deregister any such registrations associated with the issuance of any such registrations.

**COMPANY:** Voya Retirement Insurance and Annuity Company

**INDIVIDUALS WITH POWER OF ATTORNEY:** Lombard J. Gasbarro, Tamara Saverine, Ian D. Macleod, and Peter T. Moriarty

**REGISTRATION STATEMENTS FILED UNDER THE SECURITIES ACT OF 1933:**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 033-34370 | 033-75996 | 033-81216 | 333-105479 | 333-134760 | 333-278458 | 333-294117 |
| 033-61897 | 033-76002 | 333-207045 | 333-109622 | 333-153730 | 333-278858 | 333-294118 |
| 033-64277 | 033-75988 | 333-01107 | 333-109860 | 333-167182 | 333-288655 | 333-294119 |
| 033-75248 | 033-75992 | 333-09515 | 333-129091 | 333-167680 | 333-294111 |  |
| 033-75962 | 033-76004 | 333-27337 | 333-130822 | 333-278455 | 333-294112 |  |
| 033-75974 | 033-76018 | 333-56297 | 333-130825 | 333-278456 | 333-294114 |  |
| 033-75980 | 033-79122 | 333-72079 | 333-130826 | 333-278457 | 333-294115 |  |

---

**REGISTRATION STATEMENTS FILED UNDER THE INVESTMENT COMPANY ACT OF 1940:**

811-02512 811-02513 811-04536 811-05906 811-08582 811-09002

I hereby ratify and confirm on this 21<sup>st</sup> day of March, 2026, my signature as it may be signed by my said attorneys to any such registration statements and any and all amendments thereto.

Signature

<u>/s/ William Bainbridge</u>

William T. Bainbridge, Director, Senior Vice President and Chief Financial Officer

POWER OF ATTORNEY

**Pursuant to Item 601(b)(24) of Regulation SK and Rule 462(b) of the Securities Act of 1933**

The undersigned hereby constitutes and appoints the individuals set forth below and each of them individually as my true and lawful attorneys-in-fact, with full power to each of them to act alone, to sign for me and file any instrument or document to be filed as part of or in connection with or in any way related to the registration statement listed below, and any and all amendments thereto, filed with the Securities and Exchange Commission under the Securities Act of 1933 and the Investment Company Act of 1940, as amended, and any documentation, including Form N-8F, necessary to deregister any such registrations associated with the issuance of any such registrations.

**COMPANY:** Voya Retirement Insurance and Annuity Company

**INDIVIDUALS WITH POWER OF ATTORNEY:** Lombard J. Gasbarro, Tamara Saverine, Ian D. Macleod, and Peter T. Moriarty

**REGISTRATION STATEMENTS FILED UNDER THE SECURITIES ACT OF 1933:**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 033-34370 | 033-75996 | 033-81216 | 333-105479 | 333-134760 | 333-278458 | 333-294117 |
| 033-61897 | 033-76002 | 333-207045 | 333-109622 | 333-153730 | 333-278858 | 333-294118 |
| 033-64277 | 033-75988 | 333-01107 | 333-109860 | 333-167182 | 333-288655 | 333-294119 |
| 033-75248 | 033-75992 | 333-09515 | 333-129091 | 333-167680 | 333-294111 |  |
| 033-75962 | 033-76004 | 333-27337 | 333-130822 | 333-278455 | 333-294112 |  |
| 033-75974 | 033-76018 | 333-56297 | 333-130825 | 333-278456 | 333-294114 |  |
| 033-75980 | 033-79122 | 333-72079 | 333-130826 | 333-278457 | 333-294115 |  |

---

**REGISTRATION STATEMENTS FILED UNDER THE INVESTMENT COMPANY ACT OF 1940:**

811-02512 811-02513 811-04536 811-05906 811-08582 811-09002

I hereby ratify and confirm on this 18<sup>th</sup> day of March, 2026, my signature as it may be signed by my said attorneys to any such registration statements and any and all amendments thereto.

Signature

<u>/s/ Curtis J. Heaser</u>

Curtis J. Heaser, Director and Senior Vice President

POWER OF ATTORNEY

**Pursuant to Item 601(b)(24) of Regulation SK and Rule 462(b) of the Securities Act of 1933**

The undersigned hereby constitutes and appoints the individuals set forth below and each of them individually as my true and lawful attorneys-in-fact, with full power to each of them to act alone, to sign for me and file any instrument or document to be filed as part of or in connection with or in any way related to the registration statement listed below, and any and all amendments thereto, filed with the Securities and Exchange Commission under the Securities Act of 1933 and the Investment Company Act of 1940, as amended, and any documentation, including Form N-8F, necessary to deregister any such registrations associated with the issuance of any such registrations.

**COMPANY:** Voya Retirement Insurance and Annuity Company

**INDIVIDUALS WITH POWER OF ATTORNEY:** Lombard J. Gasbarro, Tamara Saverine, Ian D. Macleod, and Peter T. Moriarty

**REGISTRATION STATEMENTS FILED UNDER THE SECURITIES ACT OF 1933:**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 033-34370 | 033-75996 | 033-81216 | 333-105479 | 333-134760 | 333-278458 | 333-294117 |
| 033-61897 | 033-76002 | 333-207045 | 333-109622 | 333-153730 | 333-278858 | 333-294118 |
| 033-64277 | 033-75988 | 333-01107 | 333-109860 | 333-167182 | 333-288655 | 333-294119 |
| 033-75248 | 033-75992 | 333-09515 | 333-129091 | 333-167680 | 333-294111 |  |
| 033-75962 | 033-76004 | 333-27337 | 333-130822 | 333-278455 | 333-294112 |  |
| 033-75974 | 033-76018 | 333-56297 | 333-130825 | 333-278456 | 333-294114 |  |
| 033-75980 | 033-79122 | 333-72079 | 333-130826 | 333-278457 | 333-294115 |  |

---

**REGISTRATION STATEMENTS FILED UNDER THE INVESTMENT COMPANY ACT OF 1940:**

811-02512 811-02513 811-04536 811-05906 811-08582 811-09002

I hereby ratify and confirm on this 19<sup>th</sup> day of March, 2026, my signature as it may be signed by my said attorneys to any such registration statements and any and all amendments thereto.

Signature

<u>/s/ Andrew J. Stocker</u>

Andrew J. Stocker, Director and Senior Vice President

POWER OF ATTORNEY

**Pursuant to Item 601(b)(24) of Regulation SK and Rule 462(b) of the Securities Act of 1933**

The undersigned hereby constitutes and appoints the individuals set forth below and each of them individually as my true and lawful attorneys-in-fact, with full power to each of them to act alone, to sign for me and file any instrument or document to be filed as part of or in connection with or in any way related to the registration statement listed below, and any and all amendments thereto, filed with the Securities and Exchange Commission under the Securities Act of 1933 and the Investment Company Act of 1940, as amended, and any documentation, including Form N-8F, necessary to deregister any such registrations associated with the issuance of any such registrations.

**COMPANY:** Voya Retirement Insurance and Annuity Company

**INDIVIDUALS WITH POWER OF ATTORNEY:** Lombard J. Gasbarro, Tamara Saverine, Ian D. Macleod, and Peter T. Moriarty

**REGISTRATION STATEMENTS FILED UNDER THE SECURITIES ACT OF 1933:**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 033-34370 | 033-75996 | 033-81216 | 333-105479 | 333-134760 | 333-278458 | 333-294117 |
| 033-61897 | 033-76002 | 333-207045 | 333-109622 | 333-153730 | 333-278858 | 333-294118 |
| 033-64277 | 033-75988 | 333-01107 | 333-109860 | 333-167182 | 333-288655 | 333-294119 |
| 033-75248 | 033-75992 | 333-09515 | 333-129091 | 333-167680 | 333-294111 |  |
| 033-75962 | 033-76004 | 333-27337 | 333-130822 | 333-278455 | 333-294112 |  |
| 033-75974 | 033-76018 | 333-56297 | 333-130825 | 333-278456 | 333-294114 |  |
| 033-75980 | 033-79122 | 333-72079 | 333-130826 | 333-278457 | 333-294115 |  |

---

**REGISTRATION STATEMENTS FILED UNDER THE INVESTMENT COMPANY ACT OF 1940:**

811-02512 811-02513 811-04536 811-05906 811-08582 811-09002

I hereby ratify and confirm on this 27<sup>th</sup> day of March, 2026, my signature as it may be signed by my said attorneys to any such registration statements and any and all amendments thereto.

Signature

<u>/s/ Youssef A. Blal</u>

Youssef A. Blal, Director

POWER OF ATTORNEY

**Pursuant to Item 601(b)(24) of Regulation SK and Rule 462(b) of the Securities Act of 1933**

The undersigned hereby constitutes and appoints the individuals set forth below and each of them individually as my true and lawful attorneys-in-fact, with full power to each of them to act alone, to sign for me and file any instrument or document to be filed as part of or in connection with or in any way related to the registration statement listed below, and any and all amendments thereto, filed with the Securities and Exchange Commission under the Securities Act of 1933 and the Investment Company Act of 1940, as amended, and any documentation, including Form N-8F, necessary to deregister any such registrations associated with the issuance of any such registrations.

**COMPANY:** Voya Retirement Insurance and Annuity Company

**INDIVIDUALS WITH POWER OF ATTORNEY:** Lombard J. Gasbarro, Tamara Saverine, Ian D. Macleod, and Peter T. Moriarty

**REGISTRATION STATEMENTS FILED UNDER THE SECURITIES ACT OF 1933:**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 033-34370 | 033-75996 | 033-81216 | 333-105479 | 333-134760 | 333-278458 | 333-294117 |
| 033-61897 | 033-76002 | 333-207045 | 333-109622 | 333-153730 | 333-278858 | 333-294118 |
| 033-64277 | 033-75988 | 333-01107 | 333-109860 | 333-167182 | 333-288655 | 333-294119 |
| 033-75248 | 033-75992 | 333-09515 | 333-129091 | 333-167680 | 333-294111 |  |
| 033-75962 | 033-76004 | 333-27337 | 333-130822 | 333-278455 | 333-294112 |  |
| 033-75974 | 033-76018 | 333-56297 | 333-130825 | 333-278456 | 333294114 |  |
| 033-75980 | 033-79122 | 333-72079 | 333-130826 | 333-278457 | 333-294115 |  |

---

**REGISTRATION STATEMENTS FILED UNDER THE INVESTMENT COMPANY ACT OF 1940:**

811-02512 811-02513 811-04536 811-05906 811-08582 811-09002

I hereby ratify and confirm on this 18<sup>th</sup> day of March, 2026, my signature as it may be signed by my said attorneys to any such registration statements and any and all amendments thereto.

Signature

<u>/s/ Jay S. Kaduson</u>

Jay S. Kaduson, Director

POWER OF ATTORNEY

**Pursuant to Item 601(b)(24) of Regulation SK and Rule 462(b) of the Securities Act of 1933**

The undersigned hereby constitutes and appoints the individuals set forth below and each of them individually as my true and lawful attorneys-in-fact, with full power to each of them to act alone, to sign for me and file any instrument or document to be filed as part of or in connection with or in any way related to the registration statement listed below, and any and all amendments thereto, filed with the Securities and Exchange Commission under the Securities Act of 1933 and the Investment Company Act of 1940, as amended, and any documentation, including Form N-8F, necessary to deregister any such registrations associated with the issuance of any such registrations.

**COMPANY:** Voya Retirement Insurance and Annuity Company

**INDIVIDUALS WITH POWER OF ATTORNEY:** Lombard J. Gasbarro, Tamara Saverine, Ian D. Macleod, and Peter T. Moriarty

**REGISTRATION STATEMENTS FILED UNDER THE SECURITIES ACT OF 1933:**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 033-34370 | 033-75996 | 033-81216 | 333-105479 | 333-134760 | 333-278458 | 333-294117 |
| 033-61897 | 033-76002 | 333-207045 | 333-109622 | 333-153730 | 333-278858 | 333-294118 |
| 033-64277 | 033-75988 | 333-01107 | 333-109860 | 333-167182 | 333-288655 | 333-294119 |
| 033-75248 | 033-75992 | 333-09515 | 333-129091 | 333-167680 | 333-294111 |  |
| 033-75962 | 033-76004 | 333-27337 | 333-130822 | 333-278455 | 333-294112 |  |
| 033-75974 | 033-76018 | 333-56297 | 333-130825 | 333-278456 | 333-294114 |  |
| 033-75980 | 033-79122 | 333-72079 | 333-130826 | 333-278457 | 333-294115 |  |

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**REGISTRATION STATEMENTS FILED UNDER THE INVESTMENT COMPANY ACT OF 1940:**

811-02512 811-02513 811-04536 811-05906 811-08582 811-09002

I hereby ratify and confirm on this 25<sup>th</sup> day of March, 2026, my signature as it may be signed by my said attorneys to any such registration statements and any and all amendments thereto.

Signature

<u>/s/ Neha Jha</u>

Neha Jha, Director