Additional Contributions Tax-Sheltered Programs (ACTS), Supplemental Annuity Collective Trust of New Jersey (SACT) and NJ State Employees’ Deferred Compensation Plan (NJSEDCP) Programs are voluntary and allow for eligible employees to obtain supplemental tax-deferred annuities with a variety of providers through a salary reduction agreement. Participants can direct voluntary contributions among six authorized investment providers, each with a selection of investment choices to meet the needs and goals of retirement planning. These programs are separate from your basic pension benefit.
Supplemental Plans Eligibility and Enrollment
Montclair State University Sponsored Plan (takes effect when salary exceeds $175,000)
Montclair State University administers a 403 (b) Retirement Plan (MSU Supplemental Plan) for employees whose annual base salary exceeds $175,000. Contributions consist of a five percent (5%) employee contribution and an eight percent (8%) contribution to the MSU Supplemental Plan for that portion of the base salary of affected employees that exceeds $175,000 up to the limit imposed by the Internal Revenue Code. This Plan is administered solely by TIAA.
State of New Jersey Sponsored Plans
Learn more about available supplement plans, including eligibility and how to enroll:
- Additional Contributions Tax-Sheltered Programs (ACTS) Fact Sheet (PDF)
- Supplemental Annuity Collective Trust of New Jersey (SACT) Fact Sheet (PDF)
- NJ State Employees’ Deferred Compensation Plan (NJSEDCP) Fact Sheet (PDF)
State of New Jersey Supplemental Plans Investment Carriers
The Benefits team and Supplemental Plans investment carriers offer retirement planning counseling sessions and workshops on campus throughout the year. View the Benefits Workshops page for additional information.
You can also contact plan representatives for individual investment counseling and questions via the below contact information.
State of New Jersey Supplemental Plans Additional Information
For additional information, visit the New Jersey Department of Pensions and Benefits Other Programs page.