Pension Plans

Depending upon your job classification and state eligibility determination, you will be required to enroll in one of the state pension plans. You will be notified when you are hired regarding the plan you will join. Pension contributions and life insurance values are as follows:

• Alternate Benefit Program (ABP): For ECC instructional staff and certain other qualifying non-instructional titles.
  
  

  Employee Contribution: 5% base salary Employer Contribution: 8% Life Insurance: 3.5 times base salary

  
  
• Teachers’ Pension and Annuity Fund (TPAF): Qualifying instructional staff.
  

  Employee Contribution: 5.5% base salary Employer Contribution: Variable from year to year Life Insurance: l.5 times base salary (non-contributory) 2 times base salary (contributory)



• Public Employees’ Retirement System (PERS): ECC non-instructional employees and credit adjunct instructors.
  

  Employee Contribution: 5.5% base salary Employer Contribution: Variable from year to year Life Insurance: 1.5 times base salary (non-contributory) 1.5 times base salary (contributory)

  
  
• Police and Firemen’s Retirement System (PFRS): Campus police officers.
  

  Employee Contribution: 8.5% base salary Employer Contribution: Variable from year to year Life Insurance: 3.5 times base salary (non-contributory)

For more information on these plans please visit: www.state.nj.us/treasury/pensions

 

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