Deferred Compensation

Get ready – Your PERA SmartSave Deferred Compensation Plan is on the move!

Changes are coming soon to help you hit your saving targets.

In October, your voluntary 457(b) plan, the PERA SmartSave Deferred Compensation Plan (the Plan), will introduce a new recordkeeper, Voya Financial® (Voya). Your investment options will not change and no action is required on your part for the transition to occur, but here are some ways you can be prepared.

Watch for an information package coming soon in the mail. Be sure to read the transition newsletter that explains how the Plan is changing and what to expect. You will also find information on new features and capabilities, personalized educational interactive tools, and contribution options.

Be aware of upcoming “blackout dates.” In order to move the Plan to Voya, there will be a brief period when you will have limited access to your account. You will find these dates and more in the newsletter that will be mailed on or around August 15th.

Get to know Voya Financial. Your Plan’s new recordkeeper will offer a range of helpful resources, including a new Plan website, the Voya Retire mobile app, and a variety of saving and investing tools to help you make informed decisions.

Preparing for retirement is a journey we are all on together. So set your sights on a more secure future – and aim high! Attached are some Frequently Asked Questions (FAQs) about the move to Voya. If you have questions, Voya Customer Service Associates are available weekdays from 7 a.m. to 7 p.m., Mountain Time, excluding stock market holidays.

  • New Mexico PERA Information Line: 833-424-SAVE (7283)
  • Hearing Impaired: 800-579-5708

If you have questions about this announcement, please contact PERA at:

PERA-smartsave@state.nm.us.


Frequently Asked Questions (FAQs)