EX-4 6 exhibit24863.htm EXHIBIT 24(B)(8.63) exhibit24863.htm - Generated by SEC Publisher for SEC Filing

Exhibit 24(8.63):  Joinder and Amendment, effective as of July 1, 2017, to the Service Agreement dated May 1, 2004, by and between Voya Retirement Insurance and Annuity Company, ReliaStar Life Insurance Company, Columbia Wanger Asset Management, LLC and Columbia Management Investment Services Corp.

 

JOINDER AND AMENDMENT TO SERVICE AGREEMENT

 

 

This Joinder and Amendment to the Service Agreement (the "Amendment") is entered into, by and between Voya Retirement Insurance and Annuity Company, ReliaStar Life Insurance Company (collectively the "Company"), Columbia Wanger Asset Management, LLC ("CWAM") and Columbia Management Investment Services Corp. ("CMIS") and is effective as of July l, 2017.

 

WHEREAS, the Company and CWAM (formerly known as Columbia Wanger Asset Management, LP) entered into a Service Agreement dated May l, 2004 (the "Agreement");

 

WHEREAS, the Company and CWAM desire to join CMIS as a party to the Agreement;

 

WHEREAS, unless otherwise defined herein, capitalized terms used herein have the same meaning as in the Agreement.

 

NOW THEREFORE, in consideration of the mutual covenants and promises expressed herein, the parties agree to amend the Agreement as follows:

 

l.     CMIS shall be joined to the Agreement as the party responsible .for payment of Fees.

 

2.      Section 2(a) of the Agreement shall be deleted in its entirety and replaced as follows:

 

(a)     Administrative services to Contract holders, owners and participants shall be the responsibility of the Company and shall not be the responsibility of the Fund, CWAM or CMIS. CWAM and CMIS recognize the Company as the sole shareholder of Fund shares issued under the Fund Participation Agreement, and that substantial savings will be derived in administrative expenses, such as significant reductions in postage expenses and shareholder communications, by virtue of having a sole shareholder for each of the Accounts rather than multiple shareholders. In consideration of the savings resulting from such arrangement, and to compensate Company for its costs, CMIS shall pay or arrange to pay Company and Company agrees to accept as full compensation for all services rendered hereunder an amount described in Schedule A attached hereto and made a part of this Agreement as may be amended from time to time with the mutual consent of the parties hereto,

 

3.      Section 2(b) of the Agreement shall be deleted in its entirety and replaced as follows:

 

(b) The parties agree that the payments to the Company are for administrative services only and do not constitute payment in any manner for investment advisory services or for costs of distribution.

 

4.      Schedule A of the Agreement shall be deleted in its entirety and replaced with the Schedule A attached.

 

5.      This Amendment may be executed in two or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same Amendment.

 

6.      In the event of any inconsistencies between the Agreement and this Amendment, the terms of this Amendment shall govern. Alt other terms and conditions of the Agreement shall remain in full force and effect.

 

 

352045

 


 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the date first above written.

 

COLUMBIA WANGER ASSET MANAGEMENT, LLC

 

COLUMBIA MANAGEMENT INVESTMENT SERVICES CORP.

By:  /s/ John Kunka

 

By:  /s/ Christie Wiley

Name:  John Kunka

 

Name:  Christie Wiley

Title:  Treasurer and CFO

 

Title:  Vice President

 

 

VOYA RETIREMENT INSURANCE ANDANNUITY COMPANY

 

RELIASTAR LIFE INSURANCE COMPANY

By:  /s/ Scott Stevens

 

By:  /s/ Scott Stevens

Name:  Scott Stevens

 

Name:  Scott Stevens

Title:  Vice President

 

Title:  Vice President

 

 

 


 

Schedule A Effective July 1, 2017

 

 

 

In consideration of the services provided by the Company, CMIS shall pay or arrange to pay the Company an amount equal to XX basis points (X.XX%) per annum on the average aggregate amount invested by the Company in the fund under the Fund Participation Agreement.