{"id":1178,"date":"2018-12-05T14:17:28","date_gmt":"2018-12-05T14:17:28","guid":{"rendered":"http:\/\/www.montclair.edu\/human-resources\/?page_id=1178"},"modified":"2026-06-09T12:59:10","modified_gmt":"2026-06-09T16:59:10","slug":"alternate-benefit-program-abp","status":"publish","type":"page","link":"https:\/\/www.montclair.edu\/human-resources\/benefits\/retirement-plans\/alternate-benefit-program-abp\/","title":{"rendered":"Alternate Benefit Program (ABP)"},"content":{"rendered":"<p>The Alternate Benefit Plan (ABP) is a tax-sheltered, defined contribution retirement program for certain higher education faculty, instructors, and administrators. ABP provides retirement benefits, life insurance and disability coverage, which can help provide security in retirement.<\/p>\n<div class=\"link-list\">\n<ul>\n<li><a href=\"#elig\">Alternate Benefit Program Eligibility<\/a><\/li>\n<li><a href=\"#contrib\">Alternate Benefit Program Mandatory Contributions<\/a><\/li>\n<li><a href=\"#vest\">Alternate Benefit Program Vesting<\/a><\/li>\n<li><a href=\"#carriers\">Alternate Benefits Program Investment Carriers<\/a><\/li>\n<li><a href=\"#forms\">Alternate Benefit Program Forms<\/a><\/li>\n<li><a href=\"#info\">Alternate Benefits Program Additional Information<\/a><\/li>\n<\/ul>\n<\/div>\n<h5><div class=\"prpl-drawer\"><div class=\"prpl-drawer-header\">Alternate Benefit Program Eligibility<\/div><div class=\"prpl-drawer-content\">\n<p>You may be eligible to enroll in the Alternate Benefit Program if you meet one of the following criteria:<\/p>\n<ul>\n<li>Regularly appointed faculty<\/li>\n<li>Visiting professors<\/li>\n<li>Part-time lecturers<\/li>\n<li>Managerial, Professional, Supervisory, Confidential and Administrative staff<\/li>\n<\/ul>\n<p>Please note that employees holding F1, J1, C03b or C03c visas are not eligible to enroll.<\/p>\n<h5><\/h5><\/div><\/div><\/h5>\n<h5><div class=\"prpl-drawer\"><div class=\"prpl-drawer-header\">Alternate Benefits Program Mandatory Contributions<\/div><div class=\"prpl-drawer-content\">\n<dl class=\"compact\">\n<dt>Employee Contribution:<\/dt>\n<dd>5% of base salary made on a pretax basis (maximum contribution)<\/dd>\n<dt>Employer Contribution:<\/dt>\n<dd>8% employer match of employees\u2019 base salary up to an annual salary of $210,000 ($16,800) based on the state of NJ regulation<\/dd>\n<\/dl>\n<h5><\/h5><\/div><\/div><\/h5>\n<h5><div class=\"prpl-drawer\"><div class=\"prpl-drawer-header\">Alternate Benefits Program Vesting<\/div><div class=\"prpl-drawer-content\">\n<dl class=\"compact\">\n<dt>Vesting:<\/dt>\n<dd>1 Year or Immediate Vesting, if applicable<\/dd>\n<dt>Immediate Vesting:<\/dt>\n<dd>A new employee who already owns a retirement contract containing employer and employee contributions due to higher education employment or a new employee who is an active or vested member of another state-administered retirement system in the U.S. is considered vested<\/dd>\n<\/dl>\n<h5><\/h5><\/div><\/div><\/h5>\n<h5><div class=\"prpl-drawer\"><div class=\"prpl-drawer-header\">Alternate Benefits Program Investment Carriers<\/div><div class=\"prpl-drawer-content\">\n<p>The Benefits team and ABP investment carriers offer retirement planning counseling sessions and workshops on campus throughout the year. View the <a href=\"http:\/\/www.montclair.edu\/human-resources\/benefits\/benefits-workshops\/\">Benefits Workshops<\/a> page for additional information.<\/p>\n<p>You can also contact plan representatives for individual investment counseling and questions via the below contact information.<\/p>\n<p><strong>Empower (formerly Prudential Retirement) ABP &amp; 457 plans<\/strong><br \/>\nFernando Garcia: Retirement Plan Counselor, Retirement Enrollment &amp; Education, <a href=\"tel:201-741-1080\">201-741-1080<\/a><br \/>\n<a href=\"mailto:Fernando.Garcia@empower.com\">Fernando.Garcia@empower.com<\/a><\/p>\n<p><strong>VOYA &#8211;\u00a0ABP &amp; 403(b) plans<\/strong><br \/>\nVOYA Representative: Frank Booth,\u00a0<a href=\"tel:860-573-5673\">860-573-5673<\/a>,\u00a0<a href=\"mailto:frank.booth@voyafa.com\">frank.booth@voyafa.com<\/a><\/p>\n<p><strong>TIAA &#8211;\u00a0ABP &amp; 403(b) plans<\/strong><br \/>\nFinancial Consultant: Joseph Del Grande, <a href=\"tel:201-4988306\">201-498-8306<\/a>, <a href=\"mailto:Joe.Delgrande@tiaa.org\">Joe.Delgrande@tiaa.org<\/a><\/p>\n<p><strong>VALIC &#8211;\u00a0ABP &amp; 403(b) plans<\/strong><br \/>\nVALIC Representative: Nazma Begum,\u00a0<a href=\"tel:\u00a0201-273-8017\">201-273-8017<\/a>,\u00a0<a href=\"mailto:Nazma.Begum@corebridgefinancial.com\">Nazma.Begum@corebridgefinancial.com<\/a><br \/>\nVALIC Representative: Maryann Bradford,\u00a0<a href=\"tel:732-832-5346\">732-832-5346<\/a>,\u00a0<a href=\"mailto:maryann.bradford@aig.com\">maryann.bradford@aig.com<\/a><\/p>\n<p><strong>MetLife &#8211;\u00a0ABP &amp; 403(b) plans<\/strong><br \/>\nMetLife Representative: David Sharpe,\u00a0<a href=\"tel:973-575-3254\">973-575-3254<\/a>,\u00a0<a href=\"mailto:dsharpe@financialguide.com\">dsharpe@financialguide.com<\/a><br \/>\nMetLife Representative: Elise Ornstein,\u00a0<a href=\"mailto:elise.ornstein@metlife.com\">elise.ornstein@metlife.com<\/a><\/p>\n<p><strong>AXA Equitable &#8211;\u00a0ABP &amp; 403(b) plans<\/strong><br \/>\nAXA Equitable Representative: David Lynch,\u00a0<a href=\"tel:732-585-2451\">732-585-2451<\/a>,\u00a0<a href=\"mailto:david.lynch@equitable.com\">david.lynch@equitable.com<\/a><\/p>\n<p><strong>Empower (formerly Mass Mutual) &#8211;\u00a0ABP &amp; 403(b) plans<\/strong><br \/>\nEmpower Representative: Ira Goldberg,\u00a0<a href=\"tel:848-248-4353\">848-248-4353<\/a>, <a href=\"mailto:igoldberg@gittermanwealth.com\">igoldberg@gittermanwealth.com<\/a><\/p>\n<h5><\/h5><\/div><\/div><\/h5>\n<h5><div class=\"prpl-drawer\"><div class=\"prpl-drawer-header\">Alternate Benefits Program Forms<\/div><div class=\"prpl-drawer-content\">\n<p>To select\/change your investment carrier allocation in the Alternate Benefit Program, view the <a href=\"http:\/\/www.montclair.edu\/human-resources\/wp-content\/uploads\/sites\/181\/2024\/07\/How-to-Guide-ABP-Enrollment.pdf\">ABP Enrollment Guide.<\/a><\/p>\n<p>To change beneficiary designation for the Alternate Benefit Program, complete the\u00a0<a rel=\"noopener noreferrer\" href=\"https:\/\/www.nj.gov\/treasury\/pensions\/documents\/forms\/eb0791.pdf\" target=\"_blank\">Designation of ABP Beneficiary Form (PDF)<\/a>.<\/p>\n<h5><\/h5><\/div><\/div><\/h5>\n<h5><div class=\"prpl-drawer\"><div class=\"prpl-drawer-header\">Alternate Benefits Program Additional Information<\/div><div class=\"prpl-drawer-content\"><\/div><\/div><\/h5>\n<h5>For additional information, view the <a rel=\"noopener noreferrer\" href=\"https:\/\/www.nj.gov\/treasury\/pensions\/pension-active-abp.shtml\" target=\"_blank\">NJ State Department of Pensions and Benefits Alternate Benefit Program page<\/a>.<\/h5>\n","protected":false},"excerpt":{"rendered":"<p>The Alternate Benefit Plan (ABP) is a tax-sheltered, defined contribution retirement program for certain higher education faculty, instructors, and administrators. ABP provides retirement benefits, life insurance and disability coverage, which can help provide security in retirement. Alternate Benefit Program Eligibility Alternate Benefit Program Mandatory Contributions Alternate Benefit Program Vesting Alternate Benefits Program Investment Carriers Alternate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2922,"parent":471,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-1178","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages\/1178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/comments?post=1178"}],"version-history":[{"count":37,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages\/1178\/revisions"}],"predecessor-version":[{"id":9911,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages\/1178\/revisions\/9911"}],"up":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages\/471"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/media\/2922"}],"wp:attachment":[{"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/media?parent=1178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}