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: $18,000 in 2017
  • Age 50 & Over: A maximum pre-tax and after-tax contributions: $24,000 in 2017

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.