Voya Research Highlights Retirement Confidence Gaps Among Public Sector Employees — Voya Financial, Inc.

Event summary

89% of government employees report being prepared for retirement, compared to 81% of non-government employees.
Voya added $30 billion and 1 million new participants across multiple government plans from January 2025 through Q1 2026.
Government employees working with a financial advisor were 1.6 times more likely to report increased retirement confidence.
74% of government employees expressed interest in online tools that combine pension and defined contribution plan information.

The big picture

Voya's research underscores the growing need for holistic retirement solutions that go beyond pensions, reflecting a broader industry shift toward integrated financial wellness. As the largest provider of 457(b) plans with $30 billion in recent organic growth, Voya is well-positioned to capitalize on this trend by leveraging technology and personalized guidance. The findings also highlight an opportunity for employers to bridge gaps in pension literacy and day-to-day financial pressures.

What we're watching

Advisor Impact: How Voya's findings on advisor-driven confidence will shape its product and service offerings for public sector clients.
Digital Adoption: The pace at which government employees embrace digital retirement planning tools, particularly those integrating pension and defined contribution data.
Financial Wellness Integration: Whether Voya can effectively address broader financial wellness concerns alongside traditional retirement planning.