Employers' Pensions and Benefits Administration Manual (EPBAM)
   

 

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Supplemental Annuity Collective Trust
of New Jersey
(SACT)
Tax-Sheltered (Pretax) Plan—Enrollment

Supplemental Annuity Collective Trust (SACT) Member Handbook


 

Major Areas of Discussion About SACT Tax-Sheltered

 
   
 

Orientation 

 
 
Enrollment  (present page)
 
 

Changes 

 
   

Enrollment

If an employee wishes to participate in this plan, a Enrollment Request Form and Salary Reduction Agreement must be completed.  The employer certifies the application and sends it to the Division of Pensions and Benefits.  Enrollment applications are processed quarterly and must be received by the Division of Pensions and Benefits, SACT Section, no less than 30 days before the beginning of any calendar quarter.  

Once an enrollment has been processed, the employer will receive confirmation copies and certifications of payroll deductions. A member's enrollment will become effective at the start of the next calendar quarter.

Each enrolling participant is also asked to nominate primary and contingent beneficiaries.


 

 

 

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Last Updated: March 15, 2004