The ABP is a tax-sheltered, defined contribution retirement program for certain higher education faculty, instructors, and administrators. ABP provides retirement benefits, life Insurance, and disability coverage, which can help provide security in retirement.
The ABP and ACTS offer opportunities for long term tax-deferred investment. The State of New Jersey has authorized seven Designated Service Providers (DSP) to provide investment options and services in the ABP. Six of the seven DSPs are also authorized to provide investment options and services for the ACTS. By accessing the array of investment options offered in each plan, you have the flexibility to create a retirement investment strategy that accommodates your personal circumstances and goals.
NJ Division of Pension and Benefit ABP Website
ABP Forms and Resources:
- ABP Enrollment Application
ABP Checklist
ABP Participation- Contribution Rates
ABP Transfer Form - Beneficiary Designation Form: ABP or DCRP Plan
ACTS Program Information
ABP/ACTS Service Providers Comparison Guide
ABP/ACTS Vendor Comparison Guide