Department of Management Services

Florida Department of Management Services > Workforce Operations > Retirement > Optional Retirement Programs > State University System Optional Retirement Program

State University System Optional Retirement Program

The State University System Optional Retirement Program (SUSORP) is a defined contribution plan qualified under section 403(b) of the Internal Revenue Code administered by the Florida Department of Management Services (department). 

The Eligibility to Participate in SUSORP page describes both voluntary and mandatory SUSORP participants.

Investment Products and Fees	How to Enroll	How to Make Changes
How to Retire	How to Request a Refund	How to Request a RMD
Distribution Eligibility Chart  ()	Reemployment After Retirement Chart ()	Forms, Publications, and Contact Information

The department contracts with five Investment Provider Companies to offer a variety of mutual funds and annuities to university personnel. The SUSORP benefits are determined by performance of the participants investment choices funded by employer contributions and employee contributions.

Current Required Contributions to the SUSORP
Employer required investment contribution		5.14%
Employee required investment contribution		3.00%
	Total	8.14%

SUSORP participants may designate an additional voluntary pre-taxed investment contribution of up to 5.14 percent.