Human Resource Services
State University System Optional Retirement Program (SUSORP)
All new faculty* and TEAMS employees may elect to participate in the State University System Optional Retirement Program (SUSORP). With the SUSORP (a 403(b) plan), the university will contribute a percentage (currently 10.42%) of a participant’s earnings so that he/she may purchase an annuity for retirement. In the SUSORP, vesting is immediate. An eligible employee must elect to enroll within 90 days from the effective date of his/her appointment or enrollment will default to the FRS Pension Plan.
*Any person appointed on or after July 1, 1989, to a faculty position in a college at the J. Hillis Miller Health Center which has a faculty practice plan must participate in the Optional Retirement Program, as per Florida State Statute 121.051.
Enrollment
Please contact UF Retirement at 392-2477. A participant is required to establish a contract with one of the annuity providers listed below before submitting an Optional Retirement Program (ORP) Enrollment Form (ORP-16) to the Retirement Office. A Salary Reduction Agreement for ORP plans is also required if voluntary contributions are to be made. More detailed provider information can be found on the ORP Providers Listing document.
Change Plan
To make changes to your plan once enrolled, download the Optional Retirement Program (ORP) Change Form (ORP-16A) from the Division of Retirement's web site and submit to UF Retirement Office, with Salary Reduction Agreement for ORP plans, if applicable.
SUSORP Provider Companies
Jefferson National Life Insurance Company
352-372-1802
MetLife Investors USA Insurance Company
352-371-7638
352-219-0835
TIAA-CREF
877-358-4221
AIG Retirement
1-800-892-5558 ext. 87260
ING North America Insurance Corporation
352-372-1802