Supplemental Retirement Savings
SUPPLEMENTAL RETIREMENT ANNUITY (SRA) PLAN AND ADDITIONAL CONTRIBUTIONS TAX-SHELTERED (ACTS) PLAN
The Supplemental Retirement Annuity (SRA) Plan and the Additional Contributions Tax-Sheltered (ACTS) Plan both allow for eligible employees to obtain supplemental tax-deferred annuities with a variety of carriers through a salary reduction agreement. Participants can direct voluntary contributions among six authorized investment carriers.
- Corebridge (formerly VALIC/AIG)
- Empower Retirement (formerly Mass Mutual)
- Empower Retirement (formerly Prudential)
- Equitable
- MetLife/Brighthouse
- TIAA
- Voya Financial
Each carrier provides a selection of investment choices to meet the needs and goals of retirement planning.
ENROLLMENT FORM FOR SRA - 403(B) & ADDITIONAL CONTRIBUTIONS TAX-SHELTERED PROGRAM (ACTS)
Salary Reduction/Allocation Agreement Form 2025
Contacts for 403B Service Providers
ROTH 403 (b)
A Roth 403(b) allows participants to make after-tax contributions to a designated Roth account under a 403(b) plan. The contribution limits associated with employee contributions made to the 403(b) plan are applied to the combined pre-tax and Roth 403(b) after-tax employee contribution amount and cannot exceed IRS limits. For additional details, click link below. Participants can direct voluntary contributions among six authorized investment carriers:
- Corebridge (formerly VALIC/AIG)
- Empower
- Equitable
- MetLife/Brighthouse
- TIAA
- Voya Financial
PERS/TPAF/PFRS MEMBERS ONLY
SUPPLEMENTAL ANNUITY COLLECTIVE TRUST FUND OF NEW JERSEY (SACT)
The Supplemental Annuity Collective Trust of New Jersey (SACT) is a voluntary investment program that provides retirement income separate from, and in addition to, your basic pension plan. Your contributions are invested conservatively in the stock market. The program consists of two separate plans, the SACT-Regular Plan and the SACT-Tax-Sheltered Plan (IRC Section 403(b)). To be eligible to participate in the SACT, you must be an actively contributing member of one of the state-administered retirement systems, such as the Public Employees' Retirement System (PERS).
To be considered eligible for an SACT, you must be actively enrolled in the PERS/TPAF/PFRS retirement plan.
NEW JERSEY STATE EMPLOYEES DEFERRED COMPENSATION PLAN (NJSEDCP)
The New Jersey State Employees Deferred Compensation Plan (NJSEDCP) provides you, as an eligible state employee, an opportunity to voluntarily shelter a portion of your wages from federal income taxes while saving for retirement to supplement your Social Security and pension benefits. Under the plan, federal income tax is not due on deferred amounts or accumulated earnings until you receive a distribution (payment) from your account. Presumably, distribution is at retirement when your tax rate is expected to be lower.