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New Jersey State
Employees
Deferred Compensation Plan (NJSEDCP)
The 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.
To enroll in the NJSEDCP, you must be employed
by the State of New Jersey or an eligible agency, authority, commission,
or instrumentality of state government. In addition, you must
be presently enrolled in a New Jersey state-administered retirement
system OR be a permanent employee OR have at least twelve consecutive
months of employment OR be employed through a Governor’s
appointment.
For more detailed information on the NJSEDCP
through SHBP, please visit the following web site-http://www.state.nj.us/treasury/pensions/fact32.htm.
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