Published February 17, 2017
On January 24, 2017, the State University of New York (SUNY) Board of Trustees voted to terminate MetLife as an approved carrier for both the SUNY Optional Retirement Program (ORP) and SUNY’s 403(b) Program. MetLife will no longer be an approved SUNY retirement vendor beginning May 1, 2017.
Please contact MetLife directly at 1-844-298-8899 or 1-800-543-2520 to find out. The University at Buffalo cannot verify this information for you.
If you are enrolled in the ORP and/or SUNY 403(b) program(s) and have contracts with MetLife, you will need to take action:
You must take steps to redirect contributions that are routed for investment with MetLife.
Some of the fund options available through MetLife may be currently available and/or may become available with other providers (Fidelity, TIAA, Valic and Voya). Participants should examine the benefits versus drawbacks to maintaining funds in MetLife investments versus transferring funds to another provider.
UB Human Resources cannot provide consultations regarding investment options. Please contact the plan vendors directly for advisement.