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Alternate Benefit Program (ABP) Plan and Trust

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 $305,000 in 2022).  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 $305,000 in 2022.

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.