Type of Plan

IRC Section 403(b)

Who's Eligible

Members of the Public Employees' Retirement System (PERS) and members of the Police and Firemen's Retirement System (PFRS)

Employee Contribution

Under age 50: A combined pre-tax and after-tax contributions: $19,000 in 2019

Age 50 & Over: A maximum pre-tax and after-tax contributions: $25,000 in 2019

How it Works

You may voluntarily tax shelter a portion of your salary from federal income taxes while saving for retirement. Federal income tax is not due on deferred amounts or accumulated earnings until you receive a payment from your account.

How to Enroll

  • Complete the following form: Carrier Allocation/Salary Reduction Agreement
  • Send carrier enrollment application directly to the carrier. Keep a copy for yourself.
  • Send the Carrier Allocation/Salary Reduction Agreement form to University Human Resources, 57 US. Highway 1, New Brunswick, NJ 08901-8554. Campus mailing address: ASB II, Cook Campus.

How to Make Changes

You may change your salary reduction amount by completing and submitting a Carrier Allocation/Salary Reduction Agreement form to University Human Resources, 57 US. Highway 1, New Brunswick, NJ 08901-8554. Campus mailing address: ASB II, Cook Campus. Forms must be returned by the 10th of the month to be effective the first payroll of the following month.