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Alternate Benefit Program (ABP)
The Alternate Benefit Program (ABP) is a 401(a) defined contribution
retirement program for higher education faculty and certain administrators.
AXA Equitable has developed the EQUI-VESTSM Vantagesm ABP 401(a) deferred group variable annuity
to allow you to fund New Jersey ABP. The EQUI-VESTSM Vantagesm ABP 401(a) annuity allows you
to invest your contribution and that of your employer to the ABP in the investment
options available under this contract.
In the EQUI-VESTSM Vantagesm ABP 401(a) annuity , you
will have access to 10 variable investment options, a guaranteed interest option
and Fixed Maturity Options which generally have maturity dates that range from one to ten years.
Fixed Maturity Options are available for single sum transfers or rollover contributions only.
ABP Contributions at a Glance
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| You contribute | 5% of base salary |
| Your employer contributes | 8% of base salary |
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| For a combined total of | 13% of base salary |
For additional information on the EQUI-VESTSM Vantagesm ABP 401(a), please review the Program Summary,
the EQUI-VESTSMVantagesm ABP 401(a) Outline or
contact a Financial Professional.
Considerations for Choosing Between PERS and ABP
ABP Questions and Answers
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