Variable Annuity Account B of Voya Retirement Insurance & Annuity Co.
12/05/2025 | Press release | Distributed by Public on 12/05/2025 05:29
Prospectus by Investment Company (Form 497)
GROUP VARIABLE ANNUITY CONTRACT FOR
EMPLOYER-SPONSORED DEFERRED COMPENSATION PLANS
issued by
Voya Retirement Insurance and Annuity Company
and its
Variable Annuity Account B
Supplement Dated December 5, 2025, to the Contract Prospectus,
Initial Summary Prospectus, and Updating Summary Prospectus,
each dated May 1, 2025, as amended
This supplement updates and amends certain information contained in your variable annuity contract prospectus ("contract prospectus"), initial summary prospectus and updating summary prospectus ("summary prospectuses"). Please read it carefully and keep it with your contract prospectus or summary prospectuses for future reference. Capitalized terms not defined in this supplement each shall have the meaning given to them in your contract prospectus or summary prospectuses.
NOTICE OF AND INFORMATION ABOUT UPCOMING
FUND SUBSTITUTIONS
The following information only affects you if you currently invest in or plan to invest in the subaccounts that correspond to the Voya Large Cap Value Portfolio or the VY® T. Rowe Price Equity Income Portfolio.
In accordance with procedures established by the U.S. Securities and Exchange Commission, Voya Retirement Insurance and Annuity Company (the "Company") and its Variable Annuity Account B (the "Separate Account") intend to replace, effective on or about the close of business on February 6, 2026 (the "Substitution Date"), certain funds in which the subaccounts of the Separate Account invest (the "Existing Funds") with a certain other fund (the "Replacement Fund") as follows (the "Substitution"):
| Existing Funds | Replacement Fund |
| Voya Large Cap Value Portfolio (Class I) | Fidelity® VIP Equity Income PortfolioSM (Initial Class)1 |
| VY® T. Rowe Price Equity Income Portfolio (Class S) |
| • | Prior to the Substitution Date and for thirty days thereafter, you may transfer amounts allocated to a subaccount that invests in the Existing Funds to any other available subaccount or to any available fixed account free of charge, and any such transfer will not count as a transfer when imposing any applicable restrictions or limits on transfers (other than restrictions related to frequent or disruptive transfers). |
| • | On the Substitution Date, your investment in a subaccount that invests in an Existing Fund will automatically become an investment in the subaccount that invests in the Replacement Fund with an equal total net asset value. |
| • | Unless you provide us with alternative allocation instructions, after the Substitution Date all allocations directed to a subaccount that invests in an Existing Fund will be automatically allocated to the subaccount that invests in the Replacement Fund. You may give us alternative allocation instructions at any time by contacting Customer Service at Defined Contributions Administration, P.O. Box 990063, Hartford, CT 06199-0063 or (800) 584-6001. See the "INVESTMENT OPTIONS" section beginning on page 14 of your contract prospectus for information about making allocation changes. |
| • | You will not incur any fees or charges or any tax liability because of the Substitution, and your Contract value immediately before the Substitution will equal your Contract value immediately after the Substitution. |
| • | The current overall expenses of the Replacement Fund are less than the current overall expenses of the Existing Funds. The fees and expenses of the Replacement Fund are more fully described in the Replacement Fund's summary prospectus. |
| 1 | The subaccount that invests in the Fidelity® VIP Equity Income PortfolioSM (Initial Class) is currently closed to new Investors but will reopen to all Investors as of the Substitution Date. |
| X.75996C | December 2025 |
| • | The investment objective and policies of the Replacement Fund are comparable to the investment objective and policies of the Existing Funds. The investment objective of the Replacement Fund, along with information about the Replacement Fund's investment adviser/subadviser, is more fully described in the Replacement Fund's summary prospectus. |
| • | A summary prospectus for the Replacement Fund accompanies this supplement. Read the summary prospectus carefully before deciding what to do with amounts allocated to a subaccount that invests in an Existing Fund and the Replacement Fund. If you have not received a summary prospectus, or if you need another copy, please contact Customer Service at (800) 584-6001. |
| • | After the Substitution Date, the subaccounts investing in the Existing Funds will no longer be available through the Contract and there will be no further disclosure regarding it in any future supplements to the contract prospectus. |
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MORE INFORMATION IS AVAILABLE
More information about the funds available through your Contract, including information about the risks associated with investing in them, can be found in the current prospectus, summary prospectuses, and Statement of Additional Information for each fund. You may obtain these documents by contacting Customer Service.
If you received a summary prospectus for any of the funds available through your Contract, you may obtain a full contract prospectus and other fund information free of charge by either accessing the internet address, calling the telephone number or sending an email request to the email address shown on the front of the fund's summary prospectus.
Insurance products, annuities and retirement plan funding issued by (third party administrative services may also be provided by) Voya Retirement Insurance and Annuity Company, One Orange Way, Windsor, CT 06095. Securities are distributed by Voya Financial Partners, LLC (member SIPC). Securities may also be distributed through other broker-dealers with which Voya Financial Partners, LLC has selling agreements.
| X.75996C | December 2025 |
Variable Annuity Account B of Voya Retirement Insurance & Annuity Co. published this content on December 05, 2025, and is solely responsible for the information contained herein. Distributed via EDGAR on December 05, 2025 at 11:29 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]