Voya Retirement Insurance and Annuity Company

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1 P E R F O R M A N C E U P D A T E Voya Retirement Insurance and Annuity Company MONTGOMERY COUNTY PUBLIC SCHOOLS 403B Variable Annuity Account C, Non-Standardized Returns with and without a Deferred Sales Charge Average Annual Total Returns as of: 01/31/2015 (shown in percentages) Variable annuities are long-term investment vehicles designed for retirement purposes which allow you to allocate contributions among variable investment options that have the potential to grow tax-deferred, or in the case of Roth contributions, tax free, with an option to receive a stream of income at a later date. Early withdrawals may be subject to surrender charges, and if taken prior to age 59 1/2, a 10% IRS penalty may apply. Taxes are due upon withdrawal of tax-deferred assets; withdrawals will also reduce the applicable death benefit and cash surrender value/account value. The performance data quoted represents past performance. Past performance does not guarantee future results. For monthend performance which may be lower or higher than the performance data shown please call Investment return and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the original cost. These numbers reflect total Separate Account charges of 0.70% on an annual basis and the applicable deferred sales charge (for those returns specified by the column heading), which declines over 10 years as follows: 5%, 5%, 5%, 5%, 5%, 4%, 4%, 3%, 3%, 2%. They also assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses. Please note that deferred sales charges do not apply to accounts established on or after January 3, Depending upon the type of contract in which you participate, you have either received prospectuses and/or prospectus summaries for the separate account and the funds/variable investment options (vios). You should consider the investment objectives, risks and charges, and expenses of the variable product and its underlying fund options carefully before investing. The prospectus contains this and other information. Anyone who wishes to obtain a free copy of the separate account and/or fund/vios prospectuses may call their Voya representative or the number above. Please read the prospectus or prospectus summaries carefully before investing. Returns less than one year are not annualized. Fund is the date of inception for the underlying fund, and is the date used in calculating the periodic returns. The fund inception date indicates the inception date of the underlying investment portfolio, which may precede the portfolio's inclusion in the product. Investment Options Without a Deferred Sales Charge With a Deferred Sales Charge Fund Stability of Principal Money Market Voya Money Market Portfolio - Class I (2) /01/1980 The 7-day annualized Subaccount yield as of 01/31/2015 is -0.70%, which more closely reflects current earnings. (15) Stability of Principal Voya Fixed Plus Account II (1)(3)(14) This fund is not part of the product's separate account. Bonds High Yield Bond Pioneer High Yield VCT Portfolio - Class I Shares /01/2000 Voya High Yield Portfolio - Service Class /03/2004 VY Pioneer High Yield Portfolio - Initial Class /03/2006 Inflation-Protected Bond American Century Inflation-Adjusted Bond Fund - Inv Class /10/1997 PIMCO VIT Real Return Portfolio - Administrative Class /30/1999 Intermediate-Term Bond Page 1 of 9

2 Investment Options See Performance Introduction Page for Important Information Without a Deferred Sales Charge With a Deferred Sales Charge Fund American Funds The Bond Fund of AmericaSM - Class R-4 (6) /28/1974 Metropolitan West Total Return Bond Fund - Class M Shares /31/1997 Voya Aggregate Bond Portfolio - Service Class /01/2002 Voya Intermediate Bond Portfolio - Class I /23/1973 Voya U.S. Bond Index Portfolio - Class I /04/2008 Long-Term Bond Nuveen U.S. Infrastructure Income Fund - Class I /08/2014 World Bond Templeton Global Bond Fund - Class A /18/1986 Voya Global Bond-Int / Janus Aspen Flexible Inc-Inst (7) /13/1993 Voya Global Bond Portfolio - Initial Class /08/2004 Asset Allocation Lifecycle Voya Solution 2015 Portfolio - Service Class (4) /29/2005 Voya Solution 2025 Portfolio - Service Class (4) /29/2005 Voya Solution 2035 Portfolio - Service Class (4) /29/2005 Voya Solution 2045 Portfolio - Service Class (4) /29/2005 Voya Solution 2055 Portfolio - Service Class (4) /08/2010 Voya Solution Income Portfolio - Service Class (4) /29/2005 Lifestyle Voya Solution Balanced Portfolio - Service Class (4) /02/2007 Voya Solution Moderately Conservative Pt - Service Cl (4) /02/2007 Voya Strategic Allocation Conservative Portfolio - Class I /05/1995 Voya Strategic Allocation Growth Portfolio - Class I /05/1995 Voya Strategic Allocation Moderate Portfolio - Class I /05/1995 Balanced Aggressive Allocation Pax World Balanced Fund - Individual Investor Class /10/1971 Moderate Allocation Calvert VP SRI Balanced Portfolio /02/1986 Voya Balanced Portfolio - Class I /03/1989 VY Inv Eqty & Inc Port I/Janus Asp Balanced I (7) /13/1993 VY Invesco Equity and Income Portfolio - Initial Class /10/2001 VY T. Rowe Price Capital Appreciation Portfolio - Service /24/1989 Large Cap Value Large Blend Amana Income Fund - Investor Class /23/1986 American Funds Fundamental InvestorsSM - Class R /01/1978 Invesco V.I. Core Equity Fund - Series I Shares /02/1994 Voya Growth and Income Portfolio - Class I /31/1979 Voya Index Plus LargeCap Portfolio - Class I /16/1996 Voya Multi-Manager LC Core Port-Inst/Pioneer Fund VCT - I ++ (5) /31/1997 Voya Multi-Manager Large Cap Core Port - Institutional Class /29/2005 Voya Russell Large Cap Index Portfolio - Class I /04/2008 VY Columbia Contrarian Core Portfolio - Service Class /10/2001 Large Value American Funds Washington Mutual Investors FundSM - R-4 (8) /31/1952 Columbia Diversified Equity Income Fund - Class K Shares /15/1990 Fidelity VIP Equity-Income Portfolio - Initial Class /09/1986 Voya Large Cap Value Pt Inst/Pioneer EqtyInc VCT - I ++ (5) /01/1995 Voya Large Cap Value Portfolio - Institutional Class /11/2007 Voya Russell Large Cap Value Index Portfolio - Class S /01/2009 VY Invesco Comstock Portfolio - Service Class /01/2002 VY Invesco Growth and Income Portfolio - Service Class /04/1993 VY T. Rowe Price Equity Income Portfolio - Service Class /24/1989 Large Cap Growth Page 2 of 9

3 Investment Options See Performance Introduction Page for Important Information Without a Deferred Sales Charge With a Deferred Sales Charge Fund Large Growth Alger Green Fund - Class A /04/2000 Amana Growth Fund - Investor Class /03/1994 American Funds The Growth Fund of America - Class R-4 (9) /01/1973 Fidelity VIP Contrafund Portfolio - Initial Class /03/1995 Fidelity VIP Growth Portfolio - Initial Class /09/1986 Invesco V.I. American Franchise Fund - Series I Shares /03/1995 Neuberger Berman Socially Responsive Fund - Trust Class /16/1994 Voya Large Cap Growth Portfolio - Institutional Class /03/2004 Voya Russell Large Cap Growth Index Portfolio - Class I /01/2009 VY T. Rowe Price Growth Equity Portfolio - Initial Class /28/1997 Small/Mid/Specialty Mid-Cap Blend Ariel Fund - Investor Class /06/1986 ASTON/Fairpointe Mid Cap Fund - Class N /19/1994 Invesco Mid Cap Core Equity Fund - Class A /09/1987 Lazard U.S. Mid Cap Equity Portfolio - Open Shares /04/1997 Lord Abbett Series Fund - Mid Cap Stock Portfolio - Cl VC /15/1999 Voya Index Plus MidCap Portfolio - Class I /16/1997 Voya Russell Mid Cap Index Portfolio - Class I /04/2008 Mid-Cap Growth Voya MidCap Opportunities Portfolio - Class I /05/2000 Voya Russell Mid Cap Growth Index Portfolio - Class S /01/2009 VY Baron Growth Portfolio - Service Class /01/2002 VY FMR Diversified Mid Cap Portfolio - Service Class /02/2000 VY T.Rowe Price Div MidCap-I/Janus Aspen MidCap - I (7) /13/1993 VY T. Rowe Price Diversified Mid Cap Growth Port - Initial /10/2001 Wanger Select /01/1999 Mid-Cap Value BlackRock Mid Cap Value Opportunities Fund - Inv A Shares /01/1995 Columbia Mid Cap Value Fund - Class A Shares /20/2001 VY American Century Small-Mid Cap Value Portfolio - Service /01/2002 VY JPMorgan Mid Cap Value Portfolio - Service Class /01/2002 Small Blend Loomis Sayles Small Cap Value Fund - Retail Class (10) /13/1991 Oppenheimer Main Street Small Cap Fund /VA /01/1998 Voya Index Plus SmallCap Portfolio - Class I /19/1997 Voya Russell Small Cap Index Portfolio - Class I /04/2008 Voya Small Company Portfolio - Class I /27/1996 VY JPMorgan Small Cap Core Equity Portfolio - Service Class /01/2002 Small Growth Voya SmallCap Opportunities Portfolio - Class I /06/1994 Wanger USA /03/1995 Small Value Delaware Small Cap Value Fund - Class A /24/1987 Franklin Small Cap Value VIP Fund - Class 2 (11) /01/1998 VY Columbia Small Cap Value II Portfolio - Service Class /01/2006 Wells Fargo Advantage Special Small Cap Value Fund - Class A /07/1993 Specialty - Natural Resources Voya Global Resources Portfolio - Service Class /24/1989 Specialty - Precious Metals USAA Precious Metals and Minerals Fund - Adviser Shares /02/2010 Specialty - Real Estate Cohen & Steers Realty Shares, Inc /02/1991 VY Clarion Global Real Estate Portfolio - Institutional /03/2006 VY Clarion Real Estate Portfolio - Service Class /24/1989 Global / International Diversified Emerging Mkts Page 3 of 9

4 Investment Options See Performance Introduction Page for Important Information Without a Deferred Sales Charge With a Deferred Sales Charge Fund Oppenheimer Developing Markets Fund - Class A /18/1996 Pioneer Emerging Markets VCT Portfolio - Class I /30/1998 VY JPMorgan Emerging Markets Equity Portfolio - Service /18/1998 Foreign Large Blend American Funds EuroPacific Growth Fund - Class R-4 (12) /16/1984 Fidelity VIP Overseas Portfolio - Initial Class /28/1987 Voya International Index Portfolio - Class I /04/2008 Foreign Large Growth Artisan International Fund - Investor Shares /28/1995 VY T. Rowe Price International Stock Portfolio - Service /02/2005 Foreign Large Value Voya International Value Portfolio - Class I /08/1997 VY Templeton Foreign Equity Portfolio - Initial Class /03/2006 Foreign Small/Mid Growth Wanger International /03/1995 World Allocation Voya Global Perspectives Portfolio - Class I /25/2013 World Stock American Funds New Perspective Fund - Class R-4 (13) /13/1973 American Funds SMALLCAP World Fund - Class R /24/2002 VY Oppenheimer Global-Int/Janus Aspen Worldwide Gr-Inst (7) /13/1993 VY Oppenheimer Global Portfolio - Initial Class /01/2002 VY Templeton Global Growth Portfolio - Service Class /21/1992 The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and greater short-term volatility. Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks. Some of the Funds invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however, shares of the Funds are not insured nor guaranteed. High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than are investments in lower yielding fixed-income securities. Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious metals, technology, telecommunications, and utilities. Page 4 of 9

5 P E R F O R M A N C E U P D A T E Voya Retirement Insurance and Annuity Company MONTGOMERY COUNTY PUBLIC SCHOOLS 403B Variable Annuity Account C, Standardized Returns with a Deferred Sales Charge Average Annual Total Returns as of: 12/31/2014 (shown in percentages) The performance data quoted represents past performance. Past performance does not guarantee future results. For monthend performance which may be lower or higher than the performance data shown please call Investment return and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the original cost. These numbers reflect total Separate Account charges of 0.70% on an annual basis and the applicable deferred sales charge, which declines over 10 years as follows: 5%, 5%, 5%, 5%, 5%, 4%, 4%, 3%, 3%, 2%. They also assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses. Please note that deferred sales charges do not apply to accounts established on or after January 3, Returns less than one year are not annualized. VAA is the date on which contributions were first received in this fund under the Variable Annuity Account, and is the date used in calculating the periodic returns. Investment Options 1-Mo 3-Mo YTD 10-Yr Stability of Principal Incept VAA Money Market Voya Money Market Portfolio - Class I (2) /30/1975 The 7-day annualized Subaccount yield as of 12/31/2014 is -0.70%, which more closely reflects current earnings. (15) Bonds High Yield Bond Pioneer High Yield VCT Portfolio - Class I Shares /03/2004 Voya High Yield Portfolio - Service Class /06/2005 VY Pioneer High Yield Portfolio - Initial Class /02/2006 Inflation-Protected Bond American Century Inflation-Adjusted Bond Fund - Inv Class /11/2009 PIMCO VIT Real Return Portfolio - Administrative Class /03/2004 Intermediate-Term Bond American Funds The Bond Fund of AmericaSM - Class R-4 (6) /14/2008 Metropolitan West Total Return Bond Fund - Class M Shares /15/2013 Voya Aggregate Bond Portfolio - Service Class /03/2002 Voya Intermediate Bond Portfolio - Class I /31/1978 Voya U.S. Bond Index Portfolio - Class I /16/2008 Long-Term Bond Nuveen U.S. Infrastructure Income Fund - Class I /23/2014 World Bond Templeton Global Bond Fund - Class A /03/2004 Voya Global Bond-Int / Janus Aspen Flexible Inc-Inst (7) /31/1994 Voya Global Bond Portfolio - Initial Class /23/2005 Asset Allocation Lifecycle Page 5 of 9

6 See Performance Introduction Page for Important Information Investment Options 1-Mo 3-Mo YTD 10-Yr Incept VAA Voya Solution 2015 Portfolio - Service Class (4) /06/2005 Voya Solution 2025 Portfolio - Service Class (4) /13/2005 Voya Solution 2035 Portfolio - Service Class (4) /12/2005 Voya Solution 2045 Portfolio - Service Class (4) /20/2005 Voya Solution 2055 Portfolio - Service Class (4) /18/2010 Voya Solution Income Portfolio - Service Class (4) /25/2005 Lifestyle Voya Solution Balanced Portfolio - Service Class (4) /28/2008 Voya Solution Moderately Conservative Pt - Service Cl (4) /23/2008 Voya Strategic Allocation Conservative Portfolio - Class I /05/1995 Voya Strategic Allocation Growth Portfolio - Class I /05/1995 Voya Strategic Allocation Moderate Portfolio - Class I /05/1995 Balanced Aggressive Allocation Pax World Balanced Fund - Individual Investor Class /21/2001 Moderate Allocation Calvert VP SRI Balanced Portfolio /31/1989 Voya Balanced Portfolio - Class I /03/1989 VY Inv Eqty & Inc Port I/Janus Asp Balanced I (7) /30/1995 VY Invesco Equity and Income Portfolio - Initial Class /22/2005 VY T. Rowe Price Capital Appreciation Portfolio - Service /05/2005 Large Cap Value Large Blend Amana Income Fund - Investor Class /29/2008 American Funds Fundamental InvestorsSM - Class R /14/2008 Invesco V.I. Core Equity Fund - Series I Shares /10/1999 Voya Growth and Income Portfolio - Class I /01/1975 Voya Index Plus LargeCap Portfolio - Class I /31/1996 Voya Multi-Manager LC Core Port-Inst/Pioneer Fund VCT - I ++ (5) /27/2001 Voya Multi-Manager Large Cap Core Port - Institutional Class /11/2006 Voya Russell Large Cap Index Portfolio - Class I /14/2008 VY Columbia Contrarian Core Portfolio - Service Class /21/2002 Large Value American Funds Washington Mutual Investors FundSM - R-4 (8) /03/2004 Columbia Diversified Equity Income Fund - Class K Shares /19/2008 Fidelity VIP Equity-Income Portfolio - Initial Class /31/1994 Voya Large Cap Value Pt Inst/Pioneer EqtyInc VCT - I ++ (5) /26/2001 Voya Large Cap Value Portfolio - Institutional Class /31/2007 Voya Russell Large Cap Value Index Portfolio - Class S /17/2009 VY Invesco Comstock Portfolio - Service Class /06/2002 VY Invesco Growth and Income Portfolio - Service Class /02/2005 VY T. Rowe Price Equity Income Portfolio - Service Class /12/2003 Large Cap Growth Large Growth Alger Green Fund - Class A /12/2009 Amana Growth Fund - Investor Class /29/2008 American Funds The Growth Fund of America - Class R-4 (9) /03/2004 Fidelity VIP Contrafund Portfolio - Initial Class /31/1995 Fidelity VIP Growth Portfolio - Initial Class /31/1994 Invesco V.I. American Franchise Fund - Series I Shares /27/2012 Neuberger Berman Socially Responsive Fund - Trust Class /04/2006 Voya Large Cap Growth Portfolio - Institutional Class /18/2010 Page 6 of 9

7 See Performance Introduction Page for Important Information Investment Options 1-Mo 3-Mo YTD 10-Yr Incept VAA Voya Russell Large Cap Growth Index Portfolio - Class I /17/2009 VY T. Rowe Price Growth Equity Portfolio - Initial Class /28/1997 Small/Mid/Specialty Mid-Cap Blend Ariel Fund - Investor Class /14/2004 ASTON/Fairpointe Mid Cap Fund - Class N /24/2010 Invesco Mid Cap Core Equity Fund - Class A /14/2004 Lazard U.S. Mid Cap Equity Portfolio - Open Shares /10/2007 Lord Abbett Series Fund - Mid Cap Stock Portfolio - Cl VC /26/2001 Voya Index Plus MidCap Portfolio - Class I /04/1998 Voya Russell Mid Cap Index Portfolio - Class I /15/2008 Mid-Cap Growth Voya MidCap Opportunities Portfolio - Class I /02/2001 Voya Russell Mid Cap Growth Index Portfolio - Class S /07/2009 VY Baron Growth Portfolio - Service Class /01/2002 VY FMR Diversified Mid Cap Portfolio - Service Class /04/2005 VY T.Rowe Price Div MidCap-I/Janus Aspen MidCap - I (7) /30/1994 VY T. Rowe Price Diversified Mid Cap Growth Port - Initial /26/2002 Wanger Select /03/2004 Mid-Cap Value BlackRock Mid Cap Value Opportunities Fund - Inv A Shares /18/2009 Columbia Mid Cap Value Fund - Class A Shares /13/2008 VY American Century Small-Mid Cap Value Portfolio - Service /02/2002 VY JPMorgan Mid Cap Value Portfolio - Service Class /03/2002 Small Blend Loomis Sayles Small Cap Value Fund - Retail Class (10) /13/2008 Oppenheimer Main Street Small Cap Fund /VA /22/2004 Voya Index Plus SmallCap Portfolio - Class I /04/1998 Voya Russell Small Cap Index Portfolio - Class I /15/2008 Voya Small Company Portfolio - Class I /30/1997 VY JPMorgan Small Cap Core Equity Portfolio - Service Class /03/2005 Small Growth Voya SmallCap Opportunities Portfolio - Class I /03/2001 Wanger USA /03/2004 Small Value Delaware Small Cap Value Fund - Class A /10/2013 Franklin Small Cap Value VIP Fund - Class 2 (11) /31/2001 VY Columbia Small Cap Value II Portfolio - Service Class /08/2006 Wells Fargo Advantage Special Small Cap Value Fund - Class A /16/2001 Specialty - Natural Resources Voya Global Resources Portfolio - Service Class /12/2007 Specialty - Precious Metals USAA Precious Metals and Minerals Fund - Adviser Shares /11/2011 Specialty - Real Estate Cohen & Steers Realty Shares, Inc /13/2011 VY Clarion Global Real Estate Portfolio - Institutional /05/2008 VY Clarion Real Estate Portfolio - Service Class /04/2006 Global / International Diversified Emerging Mkts Oppenheimer Developing Markets Fund - Class A /21/2001 Pioneer Emerging Markets VCT Portfolio - Class I /07/2007 VY JPMorgan Emerging Markets Equity Portfolio - Service /09/2005 Foreign Large Blend Page 7 of 9

8 See Performance Introduction Page for Important Information Investment Options 1-Mo 3-Mo YTD 10-Yr Incept VAA American Funds EuroPacific Growth Fund - Class R-4 (12) /03/2004 Fidelity VIP Overseas Portfolio - Initial Class /31/1994 Voya International Index Portfolio - Class I /13/2008 Foreign Large Growth Artisan International Fund - Investor Shares /12/2008 VY T. Rowe Price International Stock Portfolio - Service /06/2005 Foreign Large Value Voya International Value Portfolio - Class I /26/2001 VY Templeton Foreign Equity Portfolio - Initial Class /25/2008 Foreign Small/Mid Growth Wanger International /09/2007 World Allocation Voya Global Perspectives Portfolio - Class I /12/2014 World Stock American Funds New Perspective Fund - Class R-4 (13) /03/2004 American Funds SMALLCAP World Fund - Class R /15/2008 VY Oppenheimer Global-Int/Janus Aspen Worldwide Gr-Inst (7) /31/1995 VY Oppenheimer Global Portfolio - Initial Class /22/2005 VY Templeton Global Growth Portfolio - Service Class /03/2006 The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and greater short-term volatility. Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks. Some of the Funds invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however, shares of the Funds are not insured nor guaranteed. High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than are investments in lower yielding fixed-income securities. Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious metals, technology, telecommunications, and utilities. Additional Notes Not all investment options are available under all contracts, plans or jurisdictions. (1)The CURRENT rate for the Voya Fixed Plus Account II Regular is 3.00%, expressed as an annual effective yield, and is guaranteed not to drop below 3.00% through 12/31/2015. The annual rate of interest applied to your account may be higher or lower than the current rate. Restrictions may apply to transfers of funds from the Fixed Account to other contract investment options. Please refer to your product prospectus / disclosure booklet and call your 800 number for more information. (2)An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. (3)Please note the Voya Fixed Plus Account II is not an available investment option for accounts established on or after January 3, (4)There is no guarantee that any investment option will achieve its stated objective. Principal value fluctuates and there is no guarantee of value at any time, including the target date. The "target date" is the approximate date when you plan to start withdrawing your money. When your target date is reached, you may have more or less than the original amount invested. For each target date Portfolio, until the day prior to its Target, the Portfolio will seek to provide total returns consistent with an asset allocation targeted for an investor who is retiring in approximately each Portfolio's designation Target Year. Prior to choosing a Target Portfolio, investors are strongly encouraged to review and understand the Portfolio's objectives and its composition of stocks and bonds, and how the asset allocation will change over time as the target date nears. No two investors are alike and one should not assume that just because they intend to retire in the year corresponding to the Target that that specific Portfolio is appropriate and suitable to their risk tolerance. It is recommended that an investor consider carefully the possibility of capital loss in each of the target date Portfolios, the likelihood and magnitude of which will be dependent upon the Portfolio's asset allocation. On the Target, the portfolio will seek to provide a combination of total return and stability of principal. Page 8 of 9

9 See Performance Introduction Page for Important Information Additional Notes Stocks are more volatile than bonds, and portfolios with a higher concentration of stocks are more likely to experience greater fluctuations in value than portfolios with a higher concentration in bonds. Foreign stocks and small and midcap stocks may be more volatile than large cap stocks. Investing in bonds also entails credit risk and interest rate risk. Generally investors with longer timeframes can consider assuming more risk in their investment portfolio. The Voya Solution PortfoliosSM are actively managed and the asset allocation adjusted over time. The portfolios may merge with or change to other portfolios over time. Refer to the prospectus for more information about the specific risks of investing in the various asset classes included in the Voya Solution Portfolios. (5)The performance shown is based on the performance of the replaced fund until July 27, 2007, and the performance of the applicable Voya Portfolio after that date. The replaced fund may not have been available under all contracts. (6)The Bond Fund of AmericaSM - Class R-4 commenced operations on May 15, The fund has identical investment objectives and policies, the same portfolio manager, and invests in the same holdings as Class A of this fund. The performance information for the Bond Fund of AmericaSM - Class R-4 prior to May 15, 2002 is based upon the Class A performance, adjusted by fees associated with Class R-4. (7)The latter fund listed was replaced with the applicable Voya Investment Trust Co. Portfolio (the first fund listed). For most customers this occurred after the close of business on April 15, The performance shown is based on the performance of the replaced fund until April 15, 2005, and the performance of the applicable Voya Investment Trust Co. Portfolio after that date. The replaced fund may not have been available under all contracts. This replacement may have occurred for some customers on April 8, (8)The Washington Mutual Investors FundSM - Class R-4 commenced operations on May 20, The fund has identical investment objectives and policies, the same portfolio manager, and invests in the same holdings as Class A of this fund. The performance information for the Washington Mutual Investors FundSM - Class R-4 prior to May 20, 2002 is based upon the Class A performance, adjusted by fees associated with Class R-4. (9)The Growth Fund of America - Class R-4 commenced operations on May 15, Class R-4 has identical investment objectives and policies, the same portfolio manager, and invests in the same holdings as Class A. The performance information above prior to May 15, 2002 is based upon the Class A performance adjusted by the fee differences between classes. (10)The Loomis Sayles Small Cap Value - Retail Class commenced operations on December 31, Performance shown for periods prior to the inception date of the Retail Class represents the performance of the Institutional Class of shares during the periods shown, adjusted to reflect the current levels of management and 12b-1 fees payable by the respective Classes. (11)The FTVIP Franklin Small Cap Value Securities Fund - Class 2 commenced operations on January 6, The fund has identical investment objectives and policies, the same portfolio manager, and invests in the same holdings as Class 1 of this fund. The performance information for the FTVIP Franklin Small Cap Value Securities Fund - Class 2 prior to January 6, 1999 is based upon the Class 1 performance, adjusted by fees associated with the Class 2. (12)EuroPacific Growth Fund - Class R-4 commenced operations on May 15, Class R-4 has identical investment objectives and policies, the same portfolio manager, and invests in the same holdings as Class A. The performance information above prior to May 15, 2002 is based upon the Class A performance adjusted by the fee differences between classes. (13)The New Perspective Fund - Class R-4 commenced operations on May 28, The fund has identical investment objectives and policies, the same portfolio manager, and invests in the same holdings as Class A of this fund. The performance information for the New Perspective Fund - Class R-4 prior to May 28, 2002 is based upon the Class A performance, adjusted by fees associated with Class R-4. (14)The Investment Option is not part of the Separate Account. The returns listed do not include the impact of contract charges. Please refer to the contract to determine which Fixed Interest Options are available for your specific plan. The CURRENT rate for the Voya Short Term Guaranteed Accumulation Account is 3.00%, expressed as an annual effective yield, and is guaranteed between 01/31/2015 and 02/28/2018. The CURRENT rate for the Voya Long Term Guaranteed Accumulation Account is 3.00%, expressed as an annual effective yield, and is guaranteed between 01/31/2015 and 03/31/2020. Deposits received from 01/31/2015 through 02/27/2015 will receive this rate of interest. The annual rate of interest applied to your account may be higher or lower than the current rate. For more information regarding the GAA rates and terms, call GAA-FUND. (15)The current yield reflects the deduction of all charges that are deducted from the total return quotations shown, except the maximum 5% deferred sales charge. Insurance products, annuities and funding agreements issued by Voya Retirement Insurance and Annuity Company One Orange Way Windsor, CT 06095, (VRIAC), which is solely responsible for meeting its obligations. Plan administrative services provided by VRIAC or Voya Institutional Plan Services, LLC. All companies are members of the Voya family of companies. Securities are distributed by or offered through Voya Financial Partners, LLC (member SIPC) or other broker-dealers with which it has a selling agreement. Creation : Monday, February 02, 2015 Page 9 of 9