Enrollment

Enrolling in the New Jersey ABP, ACTS, and Supplemental Savings Plan/403(b) is simple, but investing for your life objectives requires experience. To help guide you through the enrollment process, there are local representatives who serve all campus locations throughout the state. To make an appointment with a Voya representative, please call the local office in Woodbridge, NJ at (732) 326-5600.

Once you've scheduled an appointment with your representative, you can begin to:

  • Develop a plan to help work towards your investment and retirement objectives.
  • Review/select the investment options of your choice from a variety of variable and fixed investment options.

The NJ ABP Enrollment Guide contains information regarding investment options, the enrollment process and forms, beneficiary designation form, and other pertinent information related to the Plan. Please call our local office or see your Benefits/Human Resources contact to request an enrollment guide.

To enroll in either the ABP or ACTS, you will need to establish an account with Voya Financial Advisors. Please note: The NJ ABP selects one Designated Service Provider (DSP) as the Default Provider each year to accept contributions on behalf of plan participants who are employed, but have not completed a DSP Election Allocation form (DEA) for the ABP. During the period from July 1st, 2014 to June 30th, 2015, Voya Financial Advisors was selected as the Default Vendor.

For ACTS, you must also complete a Salary Reduction Agreement (SRA) and a DSP Election Allocation form to make your investment allocations to your vendor of choice and to authorize the DSP to receive your tax-deferred contributions. Please see your Human Resources/Benefits contact for the SRA and DEA form(s). You will also have to complete an Enrollment Form provided by Voya Financial Advisors.

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.

Insurance products, annuities and retirement plan funding issued by (third party administrative services may also be provided by) Voya Retirement Insurance and Annuity Company, One Orange Way, Windsor, CT 06095-4774. Securities are distributed by Voya Financial Partners LLC (member SIPC). All companies are members of the Voya™ family of companies. Securities may also be distributed through other broker-dealers with which Voya has selling agreements. Insurance obligations are the responsibility of each individual company. Product and services may not be available in all states.