Employee Retirement Plans and Savings Options

Primary Pension and Retirement Systems

What state-administered retirement programs are available to Montclair State University employees?

Permanent university employees are enrolled in dedicated New Jersey state retirement systems based on their specific job classification, union representation, and eligibility requirements:

• Alternate Benefit Program (ABP) – Designed primarily for faculty, professional staff, officers and managerial employees.
• Public Employees' Retirement System (PERS) – Dedicated to permanent, classified civil service positions and unclassified staff who meet state requirements.
• Police and Firemen's Retirement System (PFRS) – Tailored specifically for our campus law enforcement professionals.

Where can I find statutory definitions and guidelines regarding state pension laws?

You can review the full regulatory frameworks, legislative update summaries, and comprehensive administrative handbooks on the state's central platform.

• New Jersey Division of Pensions and Benefits

Supplemental and Voluntary Savings Programs

How can I save additional money for my retirement on a tax-deferred basis?

We also offer flexible, voluntary savings plans that allow you to invest a portion of your current earnings into tax-deferred accounts to build extra momentum for your future:

• Additional Contributions Tax-Sheltered Program (ACTS) – Available to employees currently enrolled in the ABP system to maximize tax-sheltered annuities.
• Supplemental Annuity Collective Trust (SACT) – A voluntary New Jersey state investment program that permits pre-tax variable annuity investments.
• New Jersey State Employees Deferred Compensation Plan (NJSEDCP) – A voluntary 457(b) program enabling pre-tax and Roth salary deferrals for eligible public employees.

Authorized Investment Providers and Carrier Networks

Which investment companies are approved to manage University retirement accounts?

Montclair State University partners with premier, state-authorized financial service providers to give you access to diverse investment vehicles, wealth management resources, and professional advice:

• View Investment Carriers

Transitioning to Retirement

What steps should I take when planning my official retirement from the University?

When you are ready to transition into your retirement, we partner with you to ensure all paperwork, health benefits, and pension payouts are coordinated.

• Retiring from Montclair State University