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Division of Pensions & Benefits

Other Programs

Please select the applicable accordion to see information pertaining to other related programs.

The New Jersey State Employees Deferred Compensation Plan

The NJSEDCP, also called Deferred Comp, is a voluntary investment program that provides retirement income separate from, and in addition to, your basic pension plan. You can shelter a part of your wages from federal income taxes while saving for retirement.

To enroll, you must work for the State of New Jersey or an eligible agency, authority, or commission of State government. If you work for a county, township, or municipality and are not paid directly by the State or one of its agencies, you are not eligible for the NJSEDCP.

The NJSEDCP is handled by Prudential. You can go to Prudential's NJSEDCP website or you can call them at 1-866-NJSEDCP.

See our Fact Sheet, Deferred Compensation — NJSEDCP , for full details about this plan.

Deferred Compensation Plan Document (Information Statement)

The Supplemental Annuity Collective Trust (SACT) of New Jersey

The SACT is a voluntary investment program that provides retirement income separate from, and in addition to, your basic pension plan. The program consists of two separate plans: the SACT-Regular Plan and the SACT-Tax-Sheltered Plan.

Contact SACT

Contact the SACT at the NJDPB in writing or by calling 609-292-7524.

List of Holdings

SACT Plan Forms

Commuter Tax$ave

The New Jersey State Employees Commuter Tax Savings Program, Commuter Tax$ave, lets you set aside before-tax dollars to pay for mass transit and commuter parking expenses, so you can avoid federal taxes and save money.

See our fact sheet, Commuter Tax$ave , for details about eligibility and program benefits.

Commuter Tax$ave is handled by Edenred Commuter Benefit Solutions.

You can enroll on Commuter Tax$ave or by calling Edenred at 1-888-512-8769.


Tax$ave

The State Employee Tax Savings Program, Tax$ave, lets you set aside before-tax dollars to pay certain medical, dental, and dependent care costs, which helps you avoid federal taxes and save money.

Tax$ave is made up of three separate plans:

  • The Premium Option Plan (POP);
  • The Unreimbursed Medical Flexible Spending Account (Medical FSA); and
  • The Dependent Care Flexible Spending Account (Dependent FSA).

See our fact sheet Tax$ave , for details about eligibility and the benefits under its component plans.

Enrollment

You must enroll in a Flexible Spending Account (FSA) each year in order to participate. WageWorks, Inc. handles the FSA plans for the NJDPB. You can enroll as a new employee (within 30 days of hire) or during Open Enrollment, held every October. Visit www.wageworks.com to learn more. Or you may contact WageWorks customer service toll-free at 1-855-428-0446.

2019 Tax$ave Publications - For employees joining during Open Enrollment

WageWorks Enrollment/Change in Status Form or enroll online at www.wageworks.com.

Tax$ave Open Enrollment Newsletter

Premium Option Plan brochure

Flexible Spending Plans Flier

Flexible Spending Account New Jersey Guide

Paper applications can be printed and mailed or faxed to the address/number provided on the form.

Section 125 Plans for Local Employers

The Tax$ave Program is only available to eligible State employees.

Local government and local education employers are required to offer Section 125 plans to their employees; however, local employers must have their own Section 125 programs. Local employees should contact their benefits administrator to learn about the specific plans and benefits that are available.

Declination of POP

Enrollment in the Premium Option Plan (POP) is automatic unless you submit a Declination of Premium Option Plan form.

By declining POP you choose to pay more in taxes. To decline enrollment in this tax-saving plan, use the form for State Employees or for State College Employees .

The Additional Contributions Tax-Sheltered program (ACTS)

Overview

The ACTS Program is a voluntary investment program that provides retirement income separate from, and in addition to, your basic pension plan. To be eligible, you must be an employee of a county or State college or university, the Commission on Higher Education, the Department of Education, or the Office of Student Assistance. You choose from six carriers who offer a selection of investment choices to meet your needs and goals of retirement planning.

See our fact sheet, Additional Contributions Tax-Sheltered (ACTS) Program , for details on ACTS eligibility, contribution limits, and plan restrictions.

ACTS Providers

The following providers have been approved by the NJDPB to offer annuity investment accounts for ACTS members. For specific information on ACTS providers and investments, contact the providers directly.

MetLife
581 Main Street
6th Floor
Woodbridge, NJ 07095
1-800-543-2520
Teachers Insurance and Annuity Association/TIAA
155 Village Blvd
Suite A
Princeton, NJ 08540
1-800-842-8412
AXA Financial
333 Thornall Street
8th Floor
Edison, NJ 08837
1-800-628-6673
MassMutual Retirement Services, Gitterman Wealth Management, LLC (financial advisors)
379 Thornall Street
Edison, NJ 08837
848-248-4405
VALIC
135 Route 202/206
Suite 13
Bedminster, NJ 07921
908-470-4110
VOYA Financial Services
581 Main Street
4th Floor
Woodbridge, NJ 07095
1-877-873-0321 or 1-800-525-4225

Participation in the Long-term Care Insurance Plan is available to individuals and eligible family members enrolled prior to August 1, 2012. This coverage is guaranteed renewable; as long as the premiums are paid on time and benefits are not exhausted, coverage will remain in place, although premiums may change subject to regulatory review.

The Long-term Care Insurance Plan is administered for the State of New Jersey by the Prudential Insurance Company of America.

Questions related to this announcement can be directed to Prudential's Long-Term Care Customer Service Center at 1-800-732-0416 Monday through Friday, 8:00 a.m. to 8:00 p.m., EST.

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Last Updated: Friday, 10/04/19