Please select the applicable accordion to see information pertaining to other related programs.
The New Jersey State Employees Deferred Compensation Plan
The NJSEDCP, also called Deferred Comp, is a voluntary investment program that provides retirement income separate from, and in addition to, your basic pension plan. You can shelter a part of your wages from federal income taxes while saving for retirement.
To enroll, you must work for the State of New Jersey or an eligible agency, authority, or commission of State government. If you work for a county, township, or municipality and are not paid directly by the State or one of its agencies, you are not eligible for the NJSEDCP.
The NJSEDCP is handled by Prudential. You can go to Prudential's NJSEDCP website or you can call them at 1-866-NJSEDCP.
See our Fact Sheet, Deferred Compensation — NJSEDCP, for full details about this plan.
The Supplemental Annuity Collective Trust (SACT) of New Jersey
The SACT is a voluntary investment program that provides retirement income separate from, and in addition to, your basic pension plan. The program consists of two separate plans: the SACT-Regular Plan and the SACT-Tax-Sheltered Plan.
See our fact sheet, Supplemental Annuity Collective Trust, for details on SACT eligibility, contribution limits, and plan restrictions.
Contact the SACT at the NJDPB in writing or by calling (609) 292-7524.
SACT plan forms
Personal Contribution Form (SACT Regular Only)
The State Employees Tax Savings Program, Tax$ave, lets you set aside before-tax dollars to pay for certain medical, dental, and dependent care costs, which helps you avoid federal taxes and save money.
Tax$ave is made up of three separate plans:
See our fact sheet Tax$ave, for details about eligibility and the benefits under its component plans.
You must enroll in a Flexible Spending Account (FSA) each plan year in order to participate. WageWorks, Inc. handles the FSA plans for the NJDPB. You can enroll during open enrollment in one of these ways:
New employees must enroll within 30 days of hire date. Contact WageWorks customer service toll-free at 1-855-428-0446 or visit WageWorks online at: www.wageworks.com
Open enrollment for Tax$ave happens every October.
Section 125 Plans for Local Employers
The Tax$ave Program is only available to eligible State employees.
Local government and local education employers are required to offer Section 125 plans to their employees; however, local employers must have their own Section 125 programs. Local employees should contact their benefits administrator to learn about the specific plans and benefits that are available.
Declination of POP
Enrollment in the Premium Option Plan (POP) is automatic unless you submit a Declination of Premium Option Plan form.
The New Jersey State Employees Commuter Tax Savings Program, Commuter Tax$ave, lets you set aside before-tax dollars to pay for mass transit and commuter parking expenses, so you can avoid federal taxes and save money.
See our fact sheet, Commuter Tax$ave, for details about eligibility and program benefits.
Commuter Tax$ave is handled by TransitChek, a division of WageWorks, Inc.
You can enroll in Commuter Tax$ave by calling TransitChek at 1-888-618-2435, or enroll on their website at: www.mycommutertaxsave.com
The Additional Contributions Tax-Sheltered program (ACTS)
The ACTS Program is a voluntary investment program that provides retirement income separate from, and in addition to, your basic pension plan. To be eligible, you must be an employee of a county or State college or university, the Commission on Higher Education, the Department of Education, or the Office of Student Assistance. You choose from six carriers who offer a selection of investment choices to meet your needs and goals of retirement planning.
See our fact sheet, Additional Contributions Tax-Sheltered (ACTS) Program , for details on ACTS eligibility, contribution limits, and plan restrictions.
The following providers have been approved by the NJDPB to offer annuity investment accounts for ACTS members. For specific information on ACTS providers and investments, contact the providers directly.
581 Main Street, 6th Floor, Woodbridge, NJ 07095
Teachers Insurance and Annuity Association/TIAA
155 Village Blvd, Suite A, Princeton, NJ 08540
333 Thornall Street, 8th Floor, Edison, NJ 08837
MassMutual Retirement Services, Gitterman Wealth Management, LLC (financial advisors), 379 Thornall Street,
Edison NJ 08837
Long Term Care Plan
Participation in the Long-term Care Insurance Plan is available to individuals and eligible family members enrolled prior to August 1, 2012. This coverage is guaranteed renewable; as long as premiums are paid on time and benefits are not exhausted, coverage will remain in place, although premiums may change subject to regulatory review.
The Long-term Care Insurance Plan is administered for the State of New Jersey by the Prudential Insurance Company of America.
Questions related to this announcement can be directed to Prudential’s Long-Term Care Customer Service Center at 1-800-732-0416, Monday through Friday, 8:00 a.m. to 8:00 p.m., EST.
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