Welcome to the SUNY Optional Retirement Program and 403(b) Voluntary Supplemental Retirement Account site!
How do you define a successful retirement? What really matters? Thoughtful planning can lead to a retirement that delivers on what you care about most, ensuring an active, satisfying life in your retirement years. MetLife and SUNY can guide you through the right steps to help you build a solid retirement strategy.
MetLife is proud to be an approved provider of both the Optional Retirement Program (ORP), a salary-reduction only 403(b) program, and the 403(b) Voluntary Supplemental Retirement Account (SRA). MetLife’s mission is to help you prepare today for a more secure tomorrow. To meet this goal, MetLife is dedicated to providing you quality products and services to help you reach your financial goals for your retirement years.
MetLife’s Financial Freedom Account (FFA) variable annuity is a retirement savings vehicle designed to help you accumulate assets for retirement and provide you with income during retirement. The FFA for the ORP and the SRA is issued by Metropolitan Life Insurance Company and is available for SUNY employees. The MetLife Financial Freedom Account offers flexible payment options and a wide variety of funding options.
Online Account Access
MetLife eServiceSM allows you to manage your retirement account online. Through MetLife eServiceSM you can view your account information, make current and future allocation changes, view funding option information and much more virtually anytime.
Like most insurance policies and annuity contracts, MetLife's policies and contracts contain exclusions, limitations, reductions of benefits, surrender charges and terms for keeping them in force. Financial Freedom Account variable annuity has limitations. There is no guarantee that any of the variable investment options in this product will meet their stated goals or objective. The account value is subject to market fluctuations so that, when annuitized or withdrawn, it may be worth more or less than its original value. Product availability and features may vary by state. All product guarantees are based on the financial strength and claims paying ability of Metropolitan Life Insurance Company.
Ask your representative for a Financial Freedom Account prospectus and prospectuses for the Metropolitan Series Fund, Inc., Met Investors Series Trust, American Funds Insurance Series, Calvert Social Balanced Portfolio, Calvert Social Mid Cap Growth Portfolio and Fidelity Variable Insurance Products Funds. The prospectuses contain information about the contract’s features, risks, policies, charges and expenses, and the investment objectives, risks and policies of the underlying portfolios, as well as other information on the underlying funding choices. Please read the prospectus and consider this information carefully before making purchase payments, allocations or redemptions.
Withdrawals are subject to ordinary income tax and before age 59½ are generally prohibited. Some exceptions apply. Where permitted, a 10% additional federal tax may apply. MetLife Resources is a division of Metropolitan Life Insurance Company, Inc., New York, NY 10166.
The Financial Freedom Account Variable Annuity is issued by Metropolitan Life Insurance Company, 200 Park Avenue, New York, NY 10166 on Policy form G.4333-7 and distributed by MetLife Investors Distribution Company (member FINRA). Securities, including variable products, offered by MetLife Securities, Inc. (member FINRA/SIPC), 1095 Avenue of the Americas, New York, New York 10036. Metropolitan Life Insurance Company, MetLife Securities, Inc. and MetLife Investors Distribution Company are MetLife companies.