Human Resources

Human Resources

Linden Hall
201 Mullica Hill Road
Glassboro, NJ 08028
Phone / 856.256.4134
Fax / 856.256.4714
Email /

Office Hours:
Fall/Spring
8:00am - 4:30pm
Monday - Friday
Summer
7:30am - 5:30pm
Monday - Thursday

Campus News

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bullet Prof. Jooh Lee Honored with Campbell Endowed Chair | More

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Alternate Benefit Program (ABP)

The Alternate Benefit Program (ABP) is a tax-sheltered, defined contribution retirement program for higher education faculty and certain administrators. ABP provides retirement benefits, life insurance and disability coverage, which, when combined with social security and other tax-deferred plans, can provide security in retirement.

Highlights of ABP
  • Offers substantial opportunities for long-term tax-deferred investment
  • Mandatory contribution of 5%
  • Employer contributes 8%
  • Delayed vested status the first year of enrollment- this means if you wanted to withdrawal your funds in the first year you would not be eligible for the employer’s contribution
  • You are considered vested after 12 months of contributions
  • You are required to choose a vendor from the Vendor Election Memo; if you do not chose a vendor or your contributions will be submitted to the default vendor for the current year
  • ABP provides retirement benefits, life insurance and disability coverage

Life Insurance Benefit

  • ABP members are covered by employer paid life insurance
  • Payable to designated beneficiaries in the amount of three and one-half times the annual base salary. The benefit is reduced upon retirement.
  • Group life insurance is underwritten by the Prudential Insurance Company of America, Inc.
  • When group life insurance coverage reduces or end, ABP members have 31 days to convert all or a portion of insurance to an individual policy with the Prudential Insurance Company http://www.state.nj.us/treasury/pensions/fact13.htm

Eligibility Criteria for ABP

AFT (faculty, non-teaching professionals), Managers

  • Full-time faculty (defined to include anyone receiving 50% or more of base salary of a 100% (full-time) position and may include an employee on sabbatical or paid leave of absence), officers, visiting professors, adjunct faculty, part-time instructors, and certain professional administrative staff required to possess a college degree or its equivalent must participate in the ABP.
  • However, in cases where a member of the Public Employees' Retirement System, or PERS, is subsequently hired to fill an ABP-covered position, the employee may have the choice of enrolling in the ABP or remaining in the PERS.

Ineligibility criteria for ABP

  • Employees in a career service title as defined by the State Department of Personnel.
  • Faculty/Staff members who are temporarily in the United States under an F or J visa.
  • Faculty/Staff members with 1st year temporary assignments.
  • Any employee receiving a retirement benefit from any pension system of the State of New Jersey, including an individual collecting an annuity or cash distribution from the ABP.

Vesting

  • If an ABP member has an existing retirement account containing employee and employer contributions based on employment in higher education anywhere in the United States, or is an active or vested member of any State of New Jersey-administered retirement system and transfers that membership into the ABP, the member is immediately vested. Vested members of the ABP are eligible to apply for loans from their vendor. Such loans are made from the member’s account balances. Members should contact their authorized vendor for details and repayment procedures.

First Year Participants (Delayed Vesting)

  • If an employee does not own an existing higher education retirement account or has not transferred from another State of New Jersey administered retirement system, employee (5%) and employer (8%) contributions required during the initial year of participation are held in a "delayed vesting" status. If an employee does not continue eligible employment in the second year, the employee may apply for a refund of employee contributions only from the carrier. The employer contributions revert back to the employer. While in the delayed vesting period, transfers between carriers and loans are not permitted.

After Retirement (ABP)

  • Employment after retirement will not affect the receipt of your ABP benefits. However, once you receive retirement benefits, you may not reenroll in ABP if you are subsequently employed at a New Jersey public institution of higher education. Nor will you be eligible to enroll in any other New Jersey State administered retirement system if you are subsequently employed in a New Jersey public sector position. Furthermore, as a retired ABP member, you will not be eligible for group life insurance or disability insurance in such employment, nor can you accrue service credit toward employment paid health coverage.

Forms