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I am enrolled in the New Jersey State Employees Deferred Compensation Plan (NJEDCP). What effect will the new medical plan rate have on my current percent?

April 26, 2017compensation Deferred employees Enrolled NEW JERSEY Plan State

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I am enrolled in the New Jersey State Employees Deferred Compensation Plan (NJEDCP). What effect will the new medical plan rate have on my current percent?

1 Answer

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10 Posted

None. Your stated plan percent is not affected since your eligible compensation for NEDCP is based on gross salary less your mandatory pension contributions (414h) and your voluntary (403b) contributions, if applicable.