Eligibility to Participate in SUSORP

<p class="pb-6"><strong>Voluntary SUSORP Participants</strong></p><p class="pb-6">Employees filling Florida Retirement Systems positions are eligible to participate in the SUSORP if they are employed in one the following types of university positions:</p><ol class="list-decimal list-outside mb-6 ml-6"><li class="mb-2">Instructional and research faculty positions that are exempt from career service under the provisions of section 110.205(2)(d), Florida Statutes.</li><li class="mb-2">Administrative and Professional positions that are exempt from career service under the provisions of section 110.205(2)(d), Florida Statutes.</li><li class="mb-2">The Chancellor of the Division of Colleges and Universities of the State Board of Education and the president of each state university.</li></ol><p class="pb-6"><strong>Mandatory SUSORP Participants</strong></p><p class="pb-6">There are two types of mandatory SUSORP participants: (1) active employees filling faculty positions in the College of Medicine and (2) renewed members filling SUSORP eligible positions on and after July 1, 2017.</p><p class="pb-6">1. An employee in a faculty position at a college with a faculty practice plan is a mandatory SUSORP participant and cannot elect to participate in the FRS.</p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">The employee and the employer to complete Form ORP-MAND-1 (SUSORP Mandatory Participation Form) and submit it to the division and</li><li class="mb-2">Select one Investment Provider Company (at least) and execute a contract to establish an account to accept the contributions.</li></ul><p class="pb-6">Legislation initially included University of Florida (J. Hillis Miller Health Center) and the University of South Florida (Medical Center at USF), however, three universities have been added: Florida International University, University of Central Florida and Florida State University. Section 121.051, Florida Statutes, states: Effective July 1, 2008, any person appointed to a faculty position, including clinical faculty, in a college at a state university that has a faculty practice plan authorized by the Board of Governors may not participate in the Florida Retirement System. A faculty member so appointed shall participate in the optional retirement program for the State University System notwithstanding section 121.35(2)(a), Florida Statutes.</p><p class="pb-6">2. Renewed members filling SUSORP eligible positions after July 1, 2017, must participate in SUSORP. Enrollment is not optional; however, the ORP-MAND-1 must be completed to authorize the employee&rsquo;s contributions to be forwarded to an Investment Provider Company.</p>


SUSORP Investment Products and Fees

<p class="pb-6">The following <strong>annuity products</strong> are offered by <a href="https://frs.fl.gov/forms/COREBRIDGE_SUSORP.pdf" target="_blank" title="undefined" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Corebridge Financial</a> [ Adobe PDF Document ], <a href="https://frs.fl.gov/forms/Equitable_SUSORP.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Equitable</a> [ Adobe PDF Document ],&nbsp;<a href="https://frs.fl.gov/forms/TIAA_SUSORP.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">TIAA</a> [ Adobe PDF Document ],&nbsp;and <a href="https://frs.fl.gov/forms/Voya_SUSORP.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Voya</a> [ Adobe PDF Document ].</p><p class="pb-6">The following <a href="https://frs.fl.gov/forms/Mutual_Funds.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400"><strong>mutual fund products</strong></a> [ Adobe PDF Document ] are offered by Corebridge Financial, TIAA, and Voya.</p><p class="pb-6">Administrative fees are prorated and charged quarterly per participant, per Investment Provider Company.</p><table class="table table_ibexa_content border-collapse table-auto text-sm my-6 inline-table overflow-x-auto w-full max-w-full shadow-xl border border-blue-500"><thead><tr><th class="font-bold p-4 text-left text-white bg-blue-500 leading-[1.5]"><strong>Investment Provider Company</strong></th><th class="font-bold p-4 text-left text-white bg-blue-500 leading-[1.5]"><strong>Administrative Fee Per Participant effective 07/01/2021</strong></th></tr></thead><tbody class="w-full"><tr><td class="p-4"><a href="https://floridaorp.corebridgefinancial.com/%20" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Corebridge Financial</a></td><td class="p-4">$45.00</td></tr><tr><td class="p-4"><a href="https://equitable.com/floridaorp" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Equitable</a></td><td class="p-4">$55.00</td></tr><tr><td class="p-4"><a href="https://www.tiaa.org/public/tcm/florp/home" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">TIAA</a></td><td class="p-4">$18.00</td></tr><tr><td class="p-4"><a href="https://floridaorp.beready2retire.com/" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Voya</a></td><td class="p-4">$30.00</td></tr><tr><td colspan="2" class="p-4"><a href="https://frs.fl.gov/forms/Product_Listing_SUSORP.pdf" target="_blank" title="undefined" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400"><strong>Historical SUSORP Products and Fees</strong>&nbsp;(Closed Funds)</a> [ Adobe PDF Document ]</td></tr></tbody></table>


SUSORP - How to Enroll

<p class="pb-6">Section 121.35, Florida Statutes, requires employees who become eligible to participate in the State University System Optional Retirement Program (SUSORP) to execute a contract with one of the approved provider companies and to notify the Division of Retirement (division) in writing within 90 days of commencement of employment. Employees who do not execute a contract and notify the division in writing within 90 days of eligibility will be deemed to have elected membership in the Florida Retirement System (FRS).</p><h2 class="font-bold text-3xl mt-6 mb-4 leading-10 font-display"><strong>Active Election to Participate</strong></h2><ol class="list-decimal list-outside mb-6 ml-6"><li class="mb-2">The employee and the employer must complete Form <a href="https://frs.fl.gov/forms/orp-enroll.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">ORP-ENROLL-1</a> [ Adobe PDF Document ] and submit it to the Division of Retirement (division) within 90 days of employment; and</li><li class="mb-2">The employee must execute a contract with at least one Investment Provider Company to establish a SUSORP account.</li></ol><p class="pb-6">The Form <a href="https://frs.fl.gov/forms/orp-enroll.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">ORP-ENROLL-1</a> [ Adobe PDF Document ] requires the employees to choose an Investment Provider Company and indicate the level of additional voluntary employee contributions (Choose from 0.00 percent to 5.14&nbsp;percent).</p><p class="pb-6">Upon completion of the SUSORP active enrollment, employees are immediately vested.</p><table class="table table_ibexa_content border-collapse table-auto text-sm my-6 inline-table overflow-x-auto w-full max-w-full shadow-xl border border-blue-500"><thead><tr><th colspan="2" class="font-bold p-4 text-left text-white bg-blue-500 leading-[1.5]"><p style="text-align:center;" class="pb-6">Current Required Contributions to the SUSORP</p></th></tr></thead><tbody class="w-full"><tr><td class="p-4">Employer required investment contribution</td><td class="p-4">5.14%</td></tr><tr><td class="p-4">Employee required investment contribution</td><td class="p-4">3.00%</td></tr><tr><td class="p-4"><p style="text-align:right;" class="pb-6">Total</p></td><td class="p-4">8.14%</td></tr></tbody></table><p class="pb-6">SUSORP members may designate an additional voluntary pre-tax investment contribution of up to 5.14 percent. <strong>[SUSORP members are responsible for monitoring the limits on elective deferrals and annual additions. Please refer to the Internal Revenue Service Publication 571, Tax-Sheltered Annuity Plans (403(b) Plans).]</strong></p><h2 class="font-bold text-3xl mt-6 mb-4 leading-10 font-display"><strong>Mandatory Members (Active and Renewed Membership)</strong></h2><p class="pb-6">It is very important that mandatory SUSORP members complete and submit the Mandatory Participation Form, <a href="https://frs.fl.gov/forms/orp-mand.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">ORP-MAND-1</a> [ Adobe PDF Document ] and provider contract as soon as possible. Without the participation form and completed provider contract, contributions paid on the member&rsquo;s behalf will not be forwarded to an Investment Provider Company and contributions do not accrue interest.</p>


SUSORP - How to Make Changes

<p class="pb-6">Use Form&nbsp;<a href="https://frs.fl.gov/forms/orp-change.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">ORP-CHANGE-1</a> [ Adobe PDF Document ]&nbsp;for the following actions:</p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">To switch Investment Provider Companies</li><li class="mb-2">Add an additional Investment Provider Company</li><li class="mb-2">Remove an Investment Provider Company</li><li class="mb-2">Change mandatory contribution percentages among Investment Provider Companies</li><li class="mb-2">Increase or decrease your voluntary employee contributions</li></ul>


SUSORP - How to Retire

<p class="pb-6"><strong>What is a State University System Optional Retirement Program (SUSORP) retirement?</strong></p><p class="pb-6">A SUSORP distribution funded by mandatory employer and mandatory employee contributions is considered a retirement. SUSORP retirement distributions include direct rollovers to a non&#8209;SUSORP fund. Use Form&nbsp;<a href="https://frs.fl.gov/forms/orp-retire.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">ORP-RETIRE-1</a> [ Adobe PDF Document ]&nbsp;to apply for a Retirement Distribution.</p><p class="pb-6"><strong>What is not&nbsp;a SUSORP retirement?</strong></p><p class="pb-6">The following three distributions are not SUSORP retirement distributions:</p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">A De Minimis distribution -&nbsp;The rollover of a defined contribution plan account to an IRA account allowing the member to retain the balance in a tax-deferred account.</li><li class="mb-2">A Required Minimum Distribution (RMD) -&nbsp;A minimum distribution required of eligible plan members each year, starting when they reach age of 70&frac12;. In accordance with the <a href="https://www.dol.gov/agencies/ebsa/laws-and-regulations/laws/secure-act" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">SECURE Act of 2019</a>, the RMD eligibility age was increased from 70&frac12; to 72 for individuals who reached age 70&frac12; after December 31, 2019. The <a href="https://www.dol.gov/agencies/ebsa/laws-and-regulations/laws/secure-2-0-act-of-2022" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">SECURE 2.0 Act of 2022</a> increased this age to 73 for individuals who turn age 72 after December 31, 2022, and turn age 73 before January 1, 2033. Under the same law, there will be another increase to age 75 for individuals who turn age 73 after December 31, 2032.</li><li class="mb-2">A refund of voluntary employee contributions.</li></ul><h2 class="font-bold text-3xl mt-6 mb-4 leading-10 font-display"><strong>The SUSORP Retirement Process:</strong></h2><p class="pb-6"><strong>Step 1 &ndash; Complete the Retirement Application</strong></p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">Complete Sections I and II of the Form&nbsp;<a href="https://frs.fl.gov/forms/orp-retire.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">ORP-RETIRE-1</a> [ Adobe PDF Document ]&nbsp;and have your signature notarized.</li><li class="mb-2">Submit Form ORP-RETIRE-1 to your last&nbsp;<a href="https://frs.fl.gov/forms/SUSORP_Participating_Employers.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">SUSORP or FRS employer</a> [ Adobe PDF Document ].</li><li class="mb-2">Your last employer will certify and forward the Form ORP-RETIRE-1 to the Division of Retirement (division), the SUSORP Plan Administrator.</li></ul><p class="pb-6"><strong>Step 2 &ndash; Contact your Investment Provider Company</strong></p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">Request the distribution documents from your&nbsp;<a href="https://frs.fl.gov/forms/SUSORP_Provider_Companies.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Investment Provider Company</a> [ Adobe PDF Document ].</li><li class="mb-2">Return the completed documents to your Investment Provider Company. There may be tax penalties if you access the funds prior to age 59&frac12;.</li><li class="mb-2"><strong>DO NOT</strong>&nbsp;forward the Investment Provider Company&rsquo;s documents to the division. The division does not sign your Investment Provider Company forms.</li><li class="mb-2">The division will authorize your distribution by sending your approved application to your Investment Provider Company (see Step 5).</li></ul><p class="pb-6"><strong>Step 3 &ndash; Terminate Your Employment</strong></p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">Like FRS members, SUSORP members must terminate from employment from all SUSORP and FRS employers to be eligible for retirement. See <a href="https://frs.fl.gov/forms/orp-tar.pdf" target="_blank" title="undefined" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">SUSORP Termination and Reemployment after retirement- ORP-TAR.</a> [ Adobe PDF Document ]</li><li class="mb-2">If you work for more than one participating employer, even in a&nbsp;<strong>temporary position</strong>, you must terminate employment from each employer offering the following retirement plans:<ol class="list-decimal list-outside mb-6 ml-6"><li class="mb-2">State University System Optional Retirement Plan (SUSORP)</li><li class="mb-2">Florida Retirement System (FRS)</li><li class="mb-2">State Community College System Optional Retirement Program (SCCSORP)</li><li class="mb-2">Senior Management Service Optional Annuity Program (SMSOAP)</li></ol></li></ul><p class="pb-6"><strong>Step 4 &ndash; Remain off all SUSORP and FRS employer payrolls</strong></p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2"><strong>Before receiving a retirement distribution,</strong>&nbsp;you must be terminated for three complete calendar months as provided in section 121.021(39), Florida Statutes.</li><li class="mb-2"><strong>After receiving a retirement distribution,</strong>&nbsp;you must remain off all SUSORP and FRS employer payrolls for an additional six complete calendar months to finalize your retirement.</li></ul><p class="pb-6"><strong>Step 5 &ndash; Division Approval of Your Retirement Application</strong></p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">The&nbsp;<a href="https://frs.fl.gov/forms/Optional_Distribution_Chart.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Optional Distribution Eligibility Chart</a> [ Adobe PDF Document ]&nbsp;provides information on eligibility dates to receive a retirement distribution based on your month of termination.</li><li class="mb-2">The division will check each month to verify that you have remained off all SUSORP and FRS employer payrolls for three complete calendar months to meet the termination requirement.</li><li class="mb-2">After verification is completed, the division will forward your approved application to your Investment Provider Company to authorize your distribution.</li></ul><p class="pb-6"><strong>Step 6 &ndash; Your Investment Provider Company Processes Your Distribution</strong></p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">Your Investment Provider Company cannot distribute your funds until the fourth calendar month following your month of termination.</li><li class="mb-2">Your distribution should be processed by the 15th&nbsp;day of the fourth calendar month. If you have not received your distribution by the 20th&nbsp;day of the fourth calendar month, contact your Investment Provider Company.</li></ul><h2 class="font-bold text-3xl mt-6 mb-4 leading-10 font-display"><strong>Normal Retirement Date:</strong></h2><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">You may receive a retirement distribution at any age, however, if you have reached your Normal Retirement Date (as determined below), you will be eligible to receive up to 10 percent of your SUSORP account balance after terminating employment from all SUSORP and FRS employers for one full calendar month.</li><li class="mb-2">Normal Retirement Date refers to the date in which you attain normal retirement by age, which is determined as follows:<ol class="list-decimal list-outside mb-6 ml-6"><li class="mb-2">If initially enrolled in SUSORP before July 1, 2011, it is the first day of the month you attain age 62 (birth verification is required); or</li><li class="mb-2">If initially enrolled in SUSORP on or after July 1, 2011, it is the first day of the month you attain age 65 (birth verification is required).</li></ol></li></ul><h2 class="font-bold text-3xl mt-6 mb-4 leading-10 font-display">&nbsp;<strong>Acceptable Birth Verification for Normal Retirement Date:</strong></h2><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">Birth certificate registered with Vital Statistics in state of birth</li><li class="mb-2">Delayed birth certificate</li><li class="mb-2">Census report more than 30 years old</li><li class="mb-2">Life insurance policy more than 30 years old</li><li class="mb-2">Certificate of Naturalization</li><li class="mb-2">Valid, unexpired U.S. passport</li><li class="mb-2">Florida driver license issued after Jan. 1, 2010, that indicates compliance with the federal REAL ID Act&nbsp; &nbsp;</li></ul><h2 class="font-bold text-3xl mt-6 mb-4 leading-10 font-display"><strong>Termination Requirements and Reemployment Limitations:</strong></h2><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">SUSORP and FRS retirees are subject to reemployment limitations as well as termination requirements.</li><li class="mb-2">The member must remain off all FRS employer payrolls for six calendar months after the month of distribution as indicated on the&nbsp;<a href="https://frs.fl.gov/forms/Optional_Reemployment_Limitations_Chart.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Optional Reemployment Limitations Chart</a> [ Adobe PDF Document ].</li></ul>


SUSORP - How to Request a Refund of Voluntary Employee Contributions

<h2 class="font-bold text-3xl mt-6 mb-4 leading-10 font-display"><strong>General Information:</strong></h2><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">You may request a partial amount or all of your voluntary employee contributions.</li><li class="mb-2">You must terminate all employment relationships with your State University System Optional Retirement Program (SUSORP) employer and all participating Florida Retirement System (FRS) employers for three complete calendar months to be eligible to receive your voluntary employee contributions.</li><li class="mb-2">You may incur tax penalties if you access the funds prior to age 59&frac12;.</li><li class="mb-2">A refund is <strong>not</strong> a retirement distribution; therefore, reemployment limitations do not apply.</li></ul><p class="pb-6">Use Form <a href="https://frs.fl.gov/forms/orp-refund.pdf" target="_blank" title="undefined" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">ORP-REFUND-1</a> [ Adobe PDF Document ] to request a refund of your voluntary employee contributions only under the SUSORP.</p><h2 class="font-bold text-3xl mt-6 mb-4 leading-10 font-display"><strong>The SUSORP refund process:</strong></h2><p class="pb-6"><strong>Step 1 &ndash; Complete the Refund Application</strong></p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">Complete Sections I and II of the Form <a href="https://frs.fl.gov/forms/orp-refund.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">ORP-REFUND-1</a> [ Adobe PDF Document ]&nbsp;and have your signature notarized.</li><li class="mb-2">Submit Form ORP-REFUND-1 to your last <a href="https://frs.fl.gov/forms/SUSORP_Participating_Employers.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">SUSORP or FRS employer</a> [ Adobe PDF Document ].</li><li class="mb-2">Your last employer will certify and forward the Form ORP-REFUND-1 to the Division of Retirement (division).</li></ul><p class="pb-6"><strong>Step 2 &ndash; Contact Your Investment Provider Company</strong></p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">Request the distribution documents from your <a href="https://frs.fl.gov/forms/SUSORP_Provider_Companies.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Investment Provider Company</a> [ Adobe PDF Document ].</li><li class="mb-2">Return the completed documents to your Investment Provider Company.</li><li class="mb-2"><strong>DO NOT</strong> forward the Investment Provider Company&rsquo;s documents to the division. The division does not sign your Investment Provider Company forms.&nbsp;</li><li class="mb-2">The division will authorize your distribution by sending your approved application to your Investment Provider Company (see Step 5).</li></ul><p class="pb-6"><strong>Step 3 &ndash; Terminate Your Employment</strong></p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">Like FRS members, SUSORP members must terminate from employment from all SUSORP and FRS employers to be eligible for a refund.&nbsp;&nbsp;</li><li class="mb-2">If you work for more than one participating employer, even in a <strong>temporary position</strong>, you must terminate employment from each employer offering the following retirement plans:<ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">State University System Optional Retirement Plan (SUSORP)</li><li class="mb-2">Florida Retirement System (FRS)</li><li class="mb-2">State Community College System Optional Retirement Program (SCCSORP)</li><li class="mb-2">Senior Management Service Optional Annuity Program (SMSOAP)&nbsp;</li></ul></li></ul><p class="pb-6"><strong>Step 4 &ndash; Remain off all SUSORP and FRS employer payrolls</strong></p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2"><strong>Before receiving a refund distribution</strong>, you must be terminated for three complete calendar months as provided in section 121.035(5)(g), Florida Statutes.</li></ul><p class="pb-6"><strong>Step 5 &ndash; Division Approval of Your Refund Application</strong></p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">The <a href="https://frs.fl.gov/forms/Optional_Distribution_Chart.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Optional Distribution Eligibility Chart</a> [ Adobe PDF Document ] provides information on eligibility dates to receive a retirement distribution based on your month of termination.</li><li class="mb-2">The division will check each month to verify that you have remained off all SUSORP and FRS employer payrolls for three complete calendar months to meet the termination requirement.</li><li class="mb-2">After verification is completed, the division will forward your approved application to your Investment Provider Company to authorize your distribution.</li></ul><p class="pb-6"><strong>Step 6 &ndash; Your Investment Provider Company Processes Your Distribution</strong></p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">Your Investment Provider Company cannot distribute your funds until the fourth calendar month following your month of termination.</li><li class="mb-2">Your distribution should be processed by the 15th&nbsp;day of the fourth calendar month. If you have not received your distribution by the 20th day of the fourth calendar month, contact your Investment Provider Company.</li></ul>


SUSORP - How to Request a Required Minimum Distribution

<h2 class="font-bold text-3xl mt-6 mb-4 leading-10 font-display"><strong>What is a Required Minimum Distribution (RMD)?</strong></h2><p class="pb-6">According to the Internal Revenue Service (IRS) you cannot keep retirement funds in your account indefinitely. Your RMD is the minimum amount you must withdraw from your account each year when you reach age 73.</p><p class="pb-6">The RMD only applies to State University System Optional Retirement Program (SUSORP) members that have terminated all employment relationships with their SUSORP employer and all other participating Florida Retirement System (FRS) employers.</p><p class="pb-6">A RMD is&nbsp;not&nbsp;considered a retirement distribution under the SUSORP and you may go back to employment with a SUSORP or FRS employer and continue active retirement membership.&nbsp;&nbsp;</p><h2 class="font-bold text-3xl mt-6 mb-4 leading-10 font-display"><strong>How to Request a RMD?</strong></h2><p class="pb-6">Use Form&nbsp;<a href="https://frs.fl.gov/forms/orp-rmd.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">ORP-RMD-1</a> [ Adobe PDF Document ]&nbsp;to request a RMD.</p><p class="pb-6"><strong>Step 1 &ndash; Complete the Required Minimum Distribution Application</strong></p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">Complete Sections I and II of the Form <a href="https://frs.fl.gov/forms/orp-rmd.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">ORP-RMD-1</a> [ Adobe PDF Document ] and have your signature notarized.</li><li class="mb-2">Submit Form ORP-RMD-1 and required birth verification to your last <a href="https://frs.fl.gov/forms/SUSORP_Participating_Employers.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">SUSORP or FRS employer</a> [ Adobe PDF Document ].</li><li class="mb-2">Your last employer will certify and forward the Form ORP-RMD-1 and your birth verification to the Division of Retirement (division).&nbsp;</li></ul><p class="pb-6"><strong>Step 2 &ndash; Contact your Investment Provider Company</strong></p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">Request the distribution documents from your <a href="https://frs.fl.gov/forms/SUSORP_Provider_Companies.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Investment Provider Company</a> [ Adobe PDF Document ].</li><li class="mb-2">Return the completed documents to your Investment Provider Company.</li><li class="mb-2"><strong>Do not</strong> forward the Investment Provider Company&rsquo;s documents to the division. The division does not sign Investment Provider Company forms.</li><li class="mb-2">The division will authorize your distribution by sending your approved application to your Investment Provider Company (see Step 3).&nbsp;&nbsp;</li></ul><p class="pb-6"><strong>Step 3 &ndash; Division Approval of Your RMD Application</strong></p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">After verification is completed, the division will forward your approved application to your Investment Provider Company to authorize your distribution.&nbsp;&nbsp;</li></ul><p class="pb-6"><strong>Step 4 &ndash; Your Investment Provider Company Processes Your Distribution</strong></p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">Your distribution should be processed by the 15th&nbsp;of the following month. If you have not received your distribution by the 20th&nbsp;day of the following month, contact your Investment Provider Company.&nbsp;&nbsp;</li></ul><h2 class="font-bold text-3xl mt-6 mb-4 leading-10 font-display"><strong>Acceptable Birth Verification for Normal Retirement Date:</strong></h2><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2">Birth certificate registered with Vital Statistics in state of birth</li><li class="mb-2">Delayed birth certificate</li><li class="mb-2">Census report more than 30 years old</li><li class="mb-2">Life insurance policy more than 30 years old</li><li class="mb-2">Certificate of Naturalization</li><li class="mb-2">Valid, unexpired U.S. passport</li><li class="mb-2">If receiving Social Security benefits, a benefits letter from the Social Security</li><li class="mb-2">Florida drivers license issued after Jan. 1, 2010, that indicates compliance with the federal REAL ID Act</li><li class="mb-2">Administration stating the date of birth it has established for the payment of benefits</li></ul><p class="pb-6">RMD applicants must provide birth verification with the Form <a href="https://frs.fl.gov/forms/orp-rmd.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">ORP-RMD-1</a> [ Adobe PDF Document ] to the Division of Retirement before a distribution can be authorized.<strong>&nbsp; &nbsp; &nbsp; &nbsp;</strong></p><p class="pb-6">See more on the topic of RMD on the&nbsp;<a href="https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-distributions-rmds" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">IRS website</a>.</p>


SUSORP Forms, Publications and Contact Information

<h2 style="text-align:center;" class="font-bold text-3xl mt-6 mb-4 leading-10 font-display"><strong>SUSORP Forms</strong></h2><p style="text-align:left;" class="pb-6">The&nbsp;<a href="https://www.dms.myflorida.com/workforce_operations/retirement/forms/optional_retirement_programs_forms" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Optional Retirement Plan Forms</a>&nbsp;page provides access to forms available to SUSORP members.</p><h2 style="text-align:center;" class="font-bold text-3xl mt-6 mb-4 leading-10 font-display"><strong>SUSORP Publications</strong></h2><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2"><a href="https://www.myfrs.com/pdf/forms/SUSORP-Newsltr%206-22FP.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">State University System SUSORP - Eligible Employees Brochure</a> [ Adobe PDF Document ]&nbsp;- Comparison of the three plans available to eligible State University System employees: FRS Pension Plan, FRS Investment Plan, and the SUSORP</li><li class="mb-2"><a href="https://frs.fl.gov/forms/SUSORP_Plan.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">SUSORP Plan Document</a> [ Adobe PDF Document ]</li></ul><h2 style="text-align:center;" class="font-bold text-3xl mt-6 mb-4 leading-10 font-display"><strong>Contact Information</strong></h2><p class="pb-6"><a href="https://frs.fl.gov/forms/SUSORP_Participating_Employers.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">SUSORP Participating Employers Contact Information</a> [ Adobe PDF Document ]</p><p class="pb-6"><a href="https://frs.fl.gov/forms/SUSORP_Provider_Companies.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">SUSORP Provider Companies Contact Information</a> [ Adobe PDF Document ]</p><p class="pb-6">If you have questions related to the SUSORP, see the&nbsp;<a href="https://www.dms.myflorida.com/workforce_operations/retirement/contact_us#susorp" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">SUSORP Contact Us</a>&nbsp;page for contact information for the Optional Retirement Program (ORP) Section of the Division of Retirement.</p>


SUSORP Investment Provider Companies

<h2 class="font-bold text-3xl mt-6 mb-4 leading-10 font-display">Current SUSORP Investment Provider Companies</h2><p class="pb-6">Information about current Investment Provider Companies for the SUSORP can be found below:</p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2"><a href="https://floridaorp.corebridgefinancial.com/%20" target="_blank" title="undefined" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Corebridge Financial</a></li><li class="mb-2"><a href="https://equitable.com/state-university-system-of-florida-optional-retirement-program" target="_blank" title="undefined" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Equitable</a></li><li class="mb-2"><a href="https://www.tiaa.org/public/tcm/florp/home" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">TIAA</a></li><li class="mb-2"><a href="https://floridaorp.beready2retire.com/" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Voya</a></li></ul><h2 class="font-bold text-3xl mt-6 mb-4 leading-10 font-display">Former SUSORP Investment Provider Companies</h2><p class="pb-6">Information about former SUSORP Investment Provider Companies can be found below:</p><ul class="list-disc list-outside mb-6 ml-6"><li class="mb-2"><a href="https://online.metlife.com/plan.html" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Brighthouse Financial (MetLife)</a></li><li class="mb-2"><a href="https://www.nationwideadvisory.com" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Nationwide (Jefferson National)</a></li></ul><p class="pb-6">Please view our&nbsp;<a href="https://frs.fl.gov/forms/SUSORP_Provider_Companies.pdf" target="_blank" class="underline text-blue-500 transition-colors ease-in-out duration-500 hover:text-blue-400">Investment Provider Company</a> [ Adobe PDF Document ]&nbsp;list&nbsp;for additional contact information for current and former provider company.</p>
