Employers' Pensions and Benefits Administration Manual (EPBAM)
   

 

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    New Jersey State Employees
    Deferred Compensation Plan (NJSEDCP)
    Enrollments


   

Enrollment Overview

 
   

Employer Procedures Guide

 
   

Determining Eligibility

 
   

Catch-up

 
   

Emergency

 
   

Death

 
   

Distribution

 


Changes in the Administration of the New Jersey State Employees Deferred Compensation Plan

On October 25, 2005, the State Treasury and New Jersey State Employers Deferred Compensation Board announced that Prudential Retirement, a business of New Jersey-based Prudential Fianancial, has been selected as the third party administrator for the New Jersey State Employees Deferred Compensation Plan (NJSEDCP). Because of this upcoming change in the administration of the NJSEDCP, effective January 1, 2006, some of the information provided below may no longer be accurate. The Division of Pensions will provide procedural updates regarding the NJSEDCP as soon as they become available.

Prudential's Salary Deferral Change Form Available

Employees wishing to begin making contributions to the NJSEDCP or who wish to change their rate of contribution under Prudential Retirement must complete a Prudential Salary Deferral Change Form, click here. New participants must first establish an account by also completing the Request for Enrollment form, before authorizing payroll reductions with the Salary Deferral Change Form.

Members may also elect to discontinue participation in the NJSEDCP by completing the Salary Deferral Change Form and electing a 0% contribution rate.

Enrolling Eligible Employees

Enrollment into the New Jersey State Employees Deferred Compensation Plan for eligible employees is done on a monthly basis. Effective enrollment dates may vary according to the participant's payroll center. 

An enrollment packet, consisting of two forms, an "Enrollment Request", and a "Beneficiary Request", must be completed by the employee and signed by the authorized Personnel Representative at the payroll center. 

All forms must be forwarded to the Deferred Compensation office for processing. A confirmation indicating the effective date will be returned to the participant through the payroll office.

"Beneficiary Request Form"


For more information:

Employer's Procedures Guide

Determining Eligibility

Catch-up 

Emergency 

Death 

Distribution

 

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Last Updated: December 7, 2005