Enrolling in the New Jersey ABP, ACTS, and Supplemental Savings Plan is simple, but investing for your retirement goals requires experience. To help guide you through the enrollment process, Voya has local representatives available at all campus locations throughout the state. To make an appointment with a Voya representative*, view the list of campus contacts.
Once you've scheduled an appointment with your representative, you can begin to:
- Develop a retirement saving and investing strategy.
- Review and select your investment options from a variety of variable and fixed investment options.
The ABP Enrollment Guide contains information regarding investment options, the enrollment form, beneficiary designation form, and other pertinent information related to the Program. Please contact your campus representative or your Benefits/Human Resources department to request an enrollment guide.
To enroll in either the ABP or ACTS, you will need to establish an account with a designated service provider. The ABP selects one Designated Service Provider (DSP) as the default provider each year to accept contributions on behalf of plan participants who are enrolled but have not completed a DSP Election Allocation form.
For ACTS, you must also complete a Salary Reduction Agreement and a DSP Election Allocation form for your vendor of choice and to receive your tax-deferred contributions. Please see your Human Resources/Benefits contact for the enrollment forms. You will also have to complete an Enrollment Form provided by Voya Financial to select Voya as your Designated Service Provider.
You should consider the investment objectives, risks, and charges and expenses of the variable product and its underlying fund options carefully before investing. The prospectuses/prospectus summaries containing this and other information can be obtained by contacting your local representative. Please read the information carefully before investing.
Variable annuities are intended as long-term investments designed for retirement purposes. Withdrawals from an annuity may be subject to an early withdrawal fee and, if taken prior to age 59½, an IRS 10% premature distribution penalty tax will apply, unless an IRS exception applies. Money taken from the annuity will be taxed as ordinary income in the year the money is distributed. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than its original amount invested. An annuity does not provide any additional tax deferral benefit, as tax deferral is provided by the plan. Annuities may be subject to additional fees and expenses to which other tax-qualified funding vehicles may not be subject. However, an annuity does provide other features and benefits, such as lifetime income payments and death benefits, which may be valuable to you.