Pension Eligibility for Part-time Lecturers
Taken from 2/9/09 Email Message from Rutgers UHR:

New Jersey pension reform legislation affecting part-time lecturers (PTL) was recently signed into law. Any PTL whose most recent employment agreement began on or after November 1, 2008 is required to participate in the Alternate Benefit Program (ABP)…

PTLs employed under an agreement prior to November 1, 2008 are eligible to participate in ABP once they begin service under a subsequent employment agreement. Part-time lecturers already enrolled in PERS entering a new employment agreement for an ABP-eligible position will remain in PERS unless they elect to transfer to ABP. PTLs can complete the Election of Retirement Coverage form available at http://uhr.rutgers.edu/documents/ABPRetirementElection.pdf within 30 days of commencing employment.

If a PTL does not wish to remain in PERS, he or she may irrevocably waive benefits under PERS and transfer accumulated pension service, contributions, and any available employer contributions to ABP. Additional information and necessary forms to transfer to ABP are available at http://uhr.rutgers.edu/ben/PERSABPinstruct.htm.

Part-time lecturers employed under an agreement on or after November 1, 2008 are required to participate in the Alternate Benefit Program (ABP) and will be enrolled in the program.

If you have any questions, please contact the UHR benefits staff at 732-932-3020, ext. 4077 or email benefits@hr.rutgers.edu.

Helpful links from UHR website:

PERS/ABP Comparison Chart
http://uhr.rutgers.edu/ben/comparepersabp.htm

Alternate Benefit Program Election of Retirement Coverage
http://uhr.rutgers.edu/documents/ABPRetirementElection.pdf

Instructions to Transfer to ABP from PERS
http://uhr.rutgers.edu/ben/persabpinstruct.htm

Application for Withdrawal Form
http://www.state.nj.us/treasury/pensions/cw-0493.pdf

Alternate Benefit Program Enrollment Application
http://www.state.nj.us/treasury/pensions/epbam/exhibits/pdf/abp100001.pdf

FAQ - Pension Eligibility for Part-Time Lecturers
http://uhr.rutgers.edu/faqs/faqPensionPTL.htm