Welcome to the State University of New York ORP Web Site

  • ING’s policy on excessive trading.

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    • Investing for retirement requires a good plan and the discipline to follow it, but there are several options available. In 1994, the State University of New York (SUNY) adopted alternative funding vehicles allowing participants to choose among approved companies other than TIAA-CREF for their Optional Retirement Program (ORP). ING Life Insurance and Annuity Company (ING) is one of those designated providers, offering a flexible group variable annuity contract and a full range of benefits and services through the SUNY ORP.

    To meet the specific needs of SUNY faculty and staff, we have developed this custom Web site that allows you to access your account information and make account transactions. It will also provide you with comprehensive plan information, and investment and retirement planning educational materials. Just click on the links at the top of the page to change the menus that appear on the left side bar.

    This Web site is only one of the methods for you to receive information about the ORP and your account. Other services available include:

  • One-on-one meetings with your campus SUNY ORP specialist on a variety of issues, including enrollment, investment principles, and distribution planning
  • Investment education tailored to individual learning needs
  • Toll-free access to a customer service center dedicated to SUNY ORP participants, and a 24-hour automated voice response unit; customer service associates are available Monday - Friday 8:30 a.m. - 5:00 p.m. ET
  • Timely and detailed quarterly account statements
  • Informative newsletters
  • Dedicated representatives on all campuses
  • Program features include a loan provision and Guaranteed Death Benefit

    • Please contact us if you have any questions. Our customer service associates at our Customer Service Center are trained on the SUNY ORP, and can answer any of your questions about the program. Just call our toll-free telephone line at 1-800-677-4636, Monday through Friday, 8:30am - 5:00pm ET (voice response system is available 24 hours a day).

    You should consider the investment objectives, risks, charges and expenses of the variable products and the underlying fund options carefully before investing. The contract and fund prospectuses contain this and other information. You may obtain a prospectus by contacting your ING representative or the Company at the address listed below. Please read the information carefully before investing.

    Variable annuities are long-term investments for retirement. Withdrawals prior to age 59½ may be subject to a 10% IRS premature distribution penalty tax. Amounts distributed will be taxed as ordinary income in the year the money is distributed. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than its original amount invested. Tax deferral is provided by your employer’s plan, not by the annuity, so investing in an annuity does not provide you any additional tax-deferral benefit. Annuities may be subject to additional fees and expenses to which other tax-qualified plan funding vehicles may not be subject. However, annuities provide features and benefits such as lifetime income payments and death benefits which may be valuable to you.
    Neither ING or its affiliated companies or representatives provide tax or legal advice. Please consult a tax adviser or attorney before making a tax-related investment/insurance decision.

     

    © 2002 - 2008 ING North America Insurance Corporation

    Insurance products issued by ING Life Insurance and Annuity Company. Financial planning and securities offered through ING Financial Advisers, LLC (member SIPC), One Orange Way, Windsor, CT 06095-4774, or other broker/dealers with which it has a selling agreement.