SUNY ORP Enrollment

Eligibility to enroll

The following SUNY faculty and staff are eligible to enroll in the SUNY ORP:

All full-time eligible employees must choose to participate in either the ORP or one of the state's defined benefit plans (TRS or ERS). Enrollment in any of the plans is optional for eligible part-time employees.

Full-time eligible employees

All full-time eligible employees have 30 days from the first date of employment to choose whether to participate in the ORP or in the state's defined benefit plans (TRS or ERS). Once made, that decision is irrevocable.

Part-time eligible employees

Eligible part-time employees who choose to enroll in ORP have 30 days from the date of their term appointment to do so. Once they elect ORP, they must remain with the plan as long as they are employed by SUNY.

How do I enroll?

To choose ING for your ORP, you need only complete an enrollment form specifying:

Informational seminars about the Retirement Savings Program will be conducted. Watch for posters and other announcements detailing times and locations of the meetings.

To obtain a copy of the Prospectus, or to enroll in this program, please contact the regional NYS office for your campus. You can find this information from the list provided within the Contact Us feature available from the left navigation bar on this screen. You may also contact ING directly for additional information via e-mail.

You should consider the investment objectives, risks, charges, and expenses of the variable product and its underlying fund options carefully before investing. The prospectus contains 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 prospectus 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.