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To view benefit summaries for a specific employee group, click the group title in the navigation to the left.

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Staff Benefits Overview

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Burlington County College offers its employees some tax-deferred plans that provide many tax advantages and a great way to save for retirement. These plans allow employees to set aside a portion of their salary on a before-tax basis, providing an essential supplement to their retirement plan and social security benefits. Participants do not pay any federal income taxes on the amounts they contribute, until the funds are withdrawn from the account. Listed below is a chart listing the tax advantages and companies participating in these tax-deferred plans.


Tax Advantages

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Effective January 1, 2007

	Supplemental Retirement Account (SRA) 403b	Deferred Compensation Plan 457b
Maximum Contribution	$15,500	$15,500
Catch-up provision for individuals over 50 years of age.	Additional $5,000 contribution	Additional $5,000 contribution
Special catch-up provision	Additional contributions can be made fore those who have worked more than 15 years and did not contribute to the maximum for some of those years.*	N/A
Companies offering these plans	ING Life Insurance and Annuity Metlife TIAA/CREF VALIC EQUITABLE HARTFORD	ING Life Insurance and Annuity Metlife TIAA/CREF VALIC EQUITABLE HARTFORD

* Representatives of the various qualified plan administrators can assist in the calculation for the "15+ years" catch up amounts in individual cases


NJ Division of Pensions and Benefits Approved Carrier Contact Information

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ING Life Insurance and Annuity Co.
581 Main Street- Fourth Floor
Woodbridge, NJ 07095
PH. 732-326-5641
FAX. 732-636-6870
WEB. www.ing.com
CONTACT. Mala Emera



EQUITABLE*
1322 Route 72 West
Suite 101
Manahawkin, NJ 08050
PH. 609-597-9651
FAX. 609-597-9671
WEBSITE. www.equitable.com
CONTACT. Steven Highley

HARTFORD*
Institutional Solutions Group
303 Lippincott Center, Suite 122
Marlton, NJ 08053
PH. 856-596-2544 Ext. 259
FAX. 856-596-8779
WEBSITE. www.thehartford.com
CONTACT. Robert Mangano






Addition Information

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Health Insurance Companies

Traditional Plan and NJ Plus AetnUSHealthcare AmeriHealth Cigna Healthcare Oxford Health Plus Health Net

1-800-414-7427 1-800-309-2386 732-726-6700 or 856-778-6500 1-800-244-6224 1-800-760-4566 1-800-441-5741

Dental Insurance Company

Delta Dental Inc.

1-800-452-9310

For Fact Sheets or Forms such as Beneficiary Designation, Request for a Retirement Estimate, or Loan Application, go to:

www.state.nj.us

Or call the NJ Division of Pensions and Benefits at 609-292-7524


Other Contacts

Social Security Medicare

1-800-772-1213 1-800-633-4227

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©Copyright 2005. Burlington County College.