State of New Jersey statutes require all adjuncts and part-time faculty members to participate in the Alternate Benefits Program (ABP). The Alternate Benefit Program is a tax-sheltered, defined contribution retirement program for higher education faculty and certain professional administrative staff. Members annually contribute 5% of base or contractual salary matched by an 8% employer contribution to a tax-deferred investment account. Six investment carriers are authorized to provide investment options and services in the Alternate Benefit Program. In order to enroll in ABP and select an ABP vendor, new adjuncts must fill out:
- Alternate Benefit Program Enrollment Application
- Aletrnate Benefit Program Designation of Beneficiary Form
- Salary Agreement and Vendor Allocation Form
Adjuncts who do not complete this paperwork within the first 30 days of hire will be placed with the ABP default vendor. This vendor rotates from year to year.
Adjuncts already enrolled in the NJ Public Employees’ Retirement System (PERS), must declare their intent to either change to ABP or remain in PERS. This decision is irrevocable and must be made by completing an Election of Retirement Coverage Form within the first 30 days of the semester. Adjuncts already in PERS who do not complete this paperwork will be switched to ABP.
The necessary forms can be picked up in the Office of Human Resources. Additional information concerning the ABP can be found on the Human Resources Web site. Adjuncts with questions concerning pension benefits can stop by the Human Resources Office or contact firstname.lastname@example.org.
Listed below are links to the vendors and campus representatives:
Kevin Bohichik 732- 452-7312 Kevin.Bohichik@axa-advisors.com
Randy Warren 856-297-4184 email@example.com
Jane Krier 215-262-6917 firstname.lastname@example.org
Ted Hoffman 732-232-6679 email@example.com
Eric W. Seiferth 267 422-6927 firstname.lastname@example.org
David L. Maurer 609-986-2106 email@example.com
Stephen J. Burley 609-243-6005 firstname.lastname@example.org
Tatiana Novozhilova 201-498-8343 email@example.com
Robert Rooyakkers 732-587-8331 firstname.lastname@example.org
Michael J. Gavaletz 1-800-892-5558 ext 88855 email@example.com