Exhibit (m)(2)(i)

May 1, 2026

Voya Variable Funds

7337 E. Doubletree Ranch Road

Suite 100

Scottsdale, AZ 85258-2034

Re: Reduction in Fee Payable under the Voya Variable Funds Fourth Amended and Restated Shareholder Service and Distribution Plan

Ladies and Gentlemen:

Voya Investments Distributor, LLC (“VID”) hereby waives a portion of the distribution fee payable to VID for Voya Growth and Income Portfolio (the “Portfolio”), a series of

Voya Variable Funds (“VVF”), pursuant to the VVF Fourth Amended and Restated Shareholder Service and Distribution Plan for Class A Shares (the “Distribution Plan”) in an amount equal to 0.05% per annum on the average daily net assets attributable to Class A Shares of the Portfolio, as if the distribution fee specified in the Distribution Plan were 0.20%.

By this letter, we agree to waive this amount for a period from May 1, 2026, through May 1, 2027.

Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Trustees of VVF.

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