Plan Overview and Eligibility

This program provides employer contributions to the ABP retirement plan for Rutgers employees who have earned in excess of the $175,000 compensation limit.  

Plan Background and History

State pension law provides for a 5% employee contribution and an 8% employer contribution to the mandatory 401(a) Alternate Benefits Program (ABP), up to the Federal IRC annual compensation limit (currently $285,000 in 2020).  Effective July 1, 2018, Chapter 14, P.L. 2018 was signed into law, which only allowed employer contributions to the 401(a) ABP on salaries up to $175,000.  In response to the State-imposed limit, Rutgers University established the Alternate Benefits Program Plan and Trust.  Through this program, Rutgers University continues to make the full 8% employer ABP contributions for salaries in excess of $175,000, up to the Federal IRC annual compensation limit of $285,000 in 2020.

How to Enroll

Eligible employees in Rutgers positions with salaries in excess of $175,000 are automatically enrolled in the Plan.  This plan is administered by TIAA.  For more information, call TIAA at (800) 842-8412.