Alternate Benefit Program (ABP)

The Alternate Benefit Program (ABP) is a tax-sheltered, defined contribution plan in which the retirement benefits are based on employee and employer contributions and investment performance.

The plan provides group term life insurance coverage and LTD benefits after the vesting period. Eligibility:

Regularly appointed faculty
Visiting professors
Part-time lecturers
Managerial, Professional, Supervisory, Confidential and Administrative staff
Employees holding “F” or “J” visas are not eligible to enroll.

ABP Plan Overview

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For more information please visit; https://www.state.nj.us/treasury/pensions/pension-active-abp.shtml

Ready for Retirement? When considering retirement, please reach out to benefits@njit.edu. Once you have made your decision to retire, you must also notify your supervisor.