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RETIREMENT                                                                   

Participation in a state administered retirement system is mandated by state law. Raritan Valley Community College employees may be eligible to participate in:

PERS  Public Employees Retirement System: http://www.state.nj.us/treasury/pensions/pers1.htm

ABP - Alternate Benefit Plan

  • PERS is a Defined Benefit Plan  retirement benefits are based upon a formula using years of pension-credited service and final average salary (FAS).
  • ABP is a Defined Contribution Plan  offered to faculty and certain administrators. Retirement benefits are based upon investment earnings. The following investment carriers are available to ABP members, as well as for supplemental retirement annuities (SRAs) and the ACTS program.