|Overall Rating||Bronze - expired|
|Submission Date||Aug. 5, 2011|
Raritan Valley Community College
PAE-T2-6: Socially Responsible Retirement Plan
|0.25 / 0.25||
Sustainability and Energy Coordinator
Facilities and Grounds
Does the institution offer a socially responsible investment option for retirement plans?:
A brief description of the socially responsible investment option for retirement plans:
Socially-responsible investment options are available through the Alternate Benefit Plan, through which employees can choose one of many investment companies, at least some of which have socially responsible investment options. For example, AXA Equitable has their EQ/Calvert Socially Responsible investment fund.
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.
450 Headquarters Plaza
Morristown, NJ 07960
AXA Financial / Equitable
333 Thornall Street, 8th Floor
Edison, NJ 08837
303 Lippincott Center, Suite 122
Marlton, NJ 08053
800-243-7782, ext. 207
ING Life Insurance and Annuity Co.
581 Main Street, 4th Floor
Woodbridge, NJ 07095
Teachers Insurance and Annuity Association/College Retirement Equities Fund TIAA/CREF
730 Third Avenue
New York, NY 10017
Met Life of Connecticut
581 Main Street, 6th Floor
Woodbridge, NJ 07095
1-800-545-0108 or (732) 602-0500
See http://www.raritanval.edu/admin/HR/Benefits/retirement.html for more information.
The website URL where information about the program, policy, or practice is available:
The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution and complete the Data Inquiry Form.