Feel more confident about retirement

Equitable and the State University System of Florida

You have the opportunity to participate in the Florida SUSORP 403(b) or SMSOAP 401(a) retirement plan to help you build assets for the future in a way that is convenient and flexible. If you have questions, call (866) 401-3030, option #3 to speak with us or click here to set up a meeting today.

About your options

Eligible State University faculty members and administrators, including administrative and professional staff not covered by Career Service, can choose to participate in the SUSORP rather than the Florida Retirement System (FRS) during the first 90 days of employment. Employees filling certain positions are mandatory members of the SUSORP and will receive contributions from the department. Members must complete the enrollment process with an approved provider for the plan for these contributions.

Eligible members of the state senior management service, or selected managerial staff, may irrevocably elect to participate in the Senior Management Service Optional Annuity Program (SMSOAP), a 401(a) defined contribution plan, instead of the FRS. The SMSOAP program provides retirement benefits and protection for you and your family.

With both plans, all contributions made on your behalf are immediately vested, which means they’re yours as soon as they’re put into the plan.

Talk to a financial professional

Our experienced financial professionals can work closely with you to help you design a retirement strategy that meets your specific needs, goals and risk tolerance. They can also set up periodic financial check-ups to review your strategy and make any necessary changes.  Whether you attend an educational seminar, sit down face-to-face with a financial professional or communicate over the phone, getting advice from a professional may help you retire with confidence.

Obtain assistance from our dedicated Sales Desk, Monday - Friday, by calling (866) 401-3030, option #3 or complete the form below to set up an appointment today.

Variable annuities are long-term financial products designed for retirement purposes. In essence, an annuity is a contractual agreement in which payments are made to an insurance company, which agrees to pay out an income or a lump sum amount at a later date. There are fees and charges associated with variable annuities, which include, but are not limited to, mortality and expense risk charges, sales and surrender charges, administrative fees, and charges for optional benefits. The variable investment options offered in this contract will fluctuate in value and are subject to market risk, including loss of principal. 

All guarantees described herein are subject to the claims-paying ability of Equitable Financial Life Insurance Company. Guarantees do not apply to variable investment options. 

Because this EQUI-VEST Strategiessm annuity contract would be used to fund a retirement plan, participants should be aware that such annuities do not provide tax deferral benefits beyond those already provided by the Internal Revenue Code. Before purchasing, individuals should consider whether its features and benefits beyond tax deferral meet their needs and goals. Participants may also want to consider the relative features, benefits and costs of this annuity with any other investment that they may use in connection with their employer’s retirement plan or arrangement. 

Certain types of contracts, features and benefits may not be available in all jurisdictions or in all 403(b) or 457 plans. 

Please be advised that this information is not intended as legal or tax advice. Accordingly, any tax information provided on this page is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. The tax information was written to support the promotion or marketing of the transaction(s) or matter(s) addressed and participants should seek advice based on their particular circumstances from an independent tax advisor. Equitable, Equitable Advisors, and Equitable Distributors do not provide tax or legal advice. 

EQUI-VEST® is a registered service mark and Strategiessm is a service mark of Equitable Financial Life Insurance Company, New York, NY 10104. EQUI VEST® Strategiessm is issued by Equitable Financial Life Insurance Company. Co-distributed by Equitable Advisors, LLC and Equitable Distributors, LLC (member FINRASIPC). 

Series 901 form #s: 2008TSAGAC901, 2011SIO901-ENGAC, and any state variations. Certificate #s: 2008TSA901-A/B, 2011SIO901-A/B, 2012RDPIB, and any state variations. 

GE-132148 (12/2017)