SECURE 2.0 Act
Posted in: Benefits News
Effective January 1, 2026, the SECURE 2.0 Act introduces a mandatory Roth treatment for age-based catch-up contributions for certain high-income participants in the New Jersey Employees Deferred Compensation Plan (NJSEDCP).
Who is Affected:
This requirement applies to employees:
- 50 years of age or older,
- Had FICA wages of $150,000 or more in 2025, and
- Contribute more than the standard annual IRS limit in 2026
If you meet the above criteria then any contributions you make above the standard limit must be made as Roth (after-tax) contributions.
2026 Contribution Limits:
- Standard 2026 annual limit: $24,500
- Age 50+ catch-up: Additional $8,000
- Age 60-63 catch-up: Additional $11,250
Important Information:
- If you qualify under this rule, once you hit the standard IRS maximum your 457(b) deductions will stop.
- If you would like to make the Roth catch-up contributions you will need to log into Workday to enroll in the 457(b) Roth.
If you have any questions regarding your 457(b) contributions, please contact our Empower (formerly Prudential) representative Fernando Garcia at fernando.garcia@empower.com.
If you need assistance with making any adjustments to your contributions in Workday please reach out to the HR Support Team for assistance.
- Email: askHR@montclair.edu
- Phone: 973-655-7700