Type of Plan
IRC Section 403(b)
Who's Eligible
Members of the Public Employees' Retirement System (PERS) and Police and Firemen's Retirement System (PFRS)
Employee Contribution
You may contribute between 1% and 10% of your base salary.
Limits:
Under age 50: A combined pre-tax and after-tax contributions: $23,500 in 2025
Age 50 & Over: A maximum pre-tax and after-tax contributions: $31,000 in 2025
How it Works
SACT is a voluntary investment program that provides retirement income in addition to your basic pension plan. Contributions are invested conservatively in the stock market.
SACT Regular Plan
Contributions are made post-tax. When funds are withdrawn, contributions are not subject to federal tax. However, your earnings are taxable.
SACT Tax-Sheltered Plan
A portion of your salary is tax deferred. Federal income tax is not due on deferred amounts or accumulated earnings until you receive a distribution (payment) from your account.
How to Enroll
- Enrollment is done on a quarterly basis.
- Complete a SACT Enrollment Request.
- Complete a SACT Salary Reduction Agreement required for SACT Tax Sheltered Plan.
- Mail completed forms to University Human Resources, 57 US. Highway 1, New Brunswick, NJ 08901-8554. Campus mailing address: ASB II, Cook Campus. You may also upload the form to the OneSource portal.
- University Human Resources will certify the enrollment and forward it to the SACT office. Enrollment will be effective the 1st of the next quarter.
How to make Changes
- You may change or suspend your salary reduction amount by completing and submitting a SACT Salary Reduction Agreement form to University Human Resources, 57 US. Highway 1, New Brunswick, NJ 08901-8554. Campus mailing address: ASB II, Cook Campus.
- University Human Resources will certify the change and forward it to the SACT office. The change will be effective the 1st of the next quarter.
- The SACT Salary Reduction Agreements may be filed quarterly.