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.

  • ING Financial Advisors, LLC
  • CitiStreet (Travelers)
  • Equitable
  • The Hartford

Each carrier provides a selection of investment choices to meet the needs and goals of retirement planning. To be considered eligible for an SRA, you must be actively enrolled in the ABP retirement plan; only PERS and PFRS members may enroll in ACTS.

Enrollment Form for SRA - 403(b) & Additional Contributions Tax-sheltered Program (ACTS)


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.

Roth 457 Plans

As part of the NJSEDCP, Kean University employees now may enroll in a ROTH 457 plan to help them save for retirement. For enrollment instructions or questions about the plan, please contact Manuel Zavala, Retirement Education Counselor for Prudential, at (908) 461-9148 or

Roth Brochure  (PDF)

Roth Website

Frequently Asked Questions (PDF)

NJSEDCP Roth flyer (PDF)

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