Type of Plan

IRC Section 403(b)

Who's Eligible

Members of the Alternate Benefit Program

Employee Contribution 

  • Under age 50: A combined pre-tax and after-tax contributions: $18,500 in 2018
  • Age 50 & Over: A maximum pre-tax and after-tax contributions: $24,500 in 2018

How it Works

You may voluntarily tax shelter a portion of your salary from federal income taxes while saving for retirement. Federal income tax is not due on deferred amounts or accumulated earnings until you receive a distribution (payment) from your account.

How to Enroll

  • Complete enrollment forms from your investment carrier and return them to your carrier. Retain a copy for your files.
  • Complete a Carrier Allocation/Salary Reduction Agreement.
  • Submit copies of the above-mentioned items to University Human Resources, 57 US. Highway 1, New Brunswick, NJ 08901-8554. Campus mailing address: ASB II, Cook Campus.

Please note -- For security purposes, the login for the Tax Deferral Limit system requires users to log in from a computer or other device on a trusted Rutgers network.  If you would like to use this application from outside the Rutgers IT infrastructure, you will need to first connect to a virtual private network (VPN) service. You can do so by visiting the Office of Information Technology (OIT)’s VPN tool at http://ssl-vpn.rutgers.edu. Contact the OIT helpdesk if you require assistance in setting up a secure VPN into the Rutgers network.

How to Make Changes

You may change or cancel your salary reduction amount by completing and submitting a Carrier Allocation/Salary Reduction Agreement form to University Human Resources, 57 US. Highway 1, New Brunswick, NJ 08901-8554. Campus mailing address: ASB II, Cook Campus.