Transcription of Deferre Compensation NJSEDCP - State
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Deferre Compensation NJSEDCP - State
Deferred Compensation . NJSEDCP Information for: State of New Jersey Employees OVERVIEW ELIGIBILITY FOR ENROLLMENT MANAGING YOUR INVESTMENTS. The New Jersey State Employees Deferred Compen- To enroll in the NJSEDCP , you must be employed by As a participant in the NJSEDCP , you have the ability sation Plan ( NJSEDCP ) provides you, as an eligible the State of New Jersey or an eligible agency, au- to make changes on your account such as increase, State employee, an opportunity to voluntarily shelter thority, commission, or instrumentality of State gov- decrease, suspend, or resume deferral percentages. a portion of your wages from federal income taxes ernment.
The NJSEDCP, governed by the guidelines of Inter-nal Revenue Code (IRC) Section 457 and the laws of the State of New Jersey, is administered by Pruden-tial Financial for the State of New Jersey. Individual participant’s accounts are maintained by the Adminis - trator and statements of account are furnished quar-terly.
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