HUMAN RESOURCES DEPARTMENT

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Staff Benefits Overview

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 Participants do not pay any federal income taxes on the amounts they contribute, until the funds are withdrawn from the account.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

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 for 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 EQUITABLE HARTFORD	ING Life Insurance and Annuity Metlife TIAA/CREF 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

ING Life Insurance and Annuity Co.
Lyn Tober
581 Main Street-Fourth Floor
Woodbridge, NJ 07095
PH: (877) 873-0321, ext. 5617
Fax: (732) 636-6870
ltober@gittermansacks.org

MetLife Resources (formerly Citistreet)
Randy Warren cell (856) 297-4184
2279 Highway 33
Suite 506
Hamilton, NJ 08690

John Costello cell (215) 630-8761
505 S. Lenola Road - Suite 216
Moorestown, N.J. 08057
www.njabp.metlife.com

EQUITABLE
Bryan O. Eberle
1322 Rt. 72 W.
Suite 101
Manahawkin, NJ 08050
PH (609) 597-9615
FAX: (609) 597-9671
bryan.eberle@axa-advisors.com

HARTFORD
Robert Mangano
Institutional Solutions Group
Hartford Life Insurance Companies
303 Lippincott Center, Suite 122
Marlton, NJ 08053
PH: (856) 596-2544, ext. 259
Cell: (856) 912-7553
Toll Free: (800) 243-7782 X 129
FAX: (856) 596-8779
robert.mangano@hartfordlife.com

TIAA-CREF
*Eric Seiferth
155 Village Blvd, Suite A
Princeton, NJ 08540
Ph: ( 609)-243-6040
Ph: 1-800-842-8412 X 6006
Cell: 609-760-4754
eseiferth@tiaa-cref.org

AIG
*Joseph Kelly
20 Valley Stream Parkway, Suite 280
Malvern, PA 19355
Office: 800-892-5558 ex. 87313
Cell: 609-234-9653
joseph.kelly@aigretirement.com

Addition Information

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