New Jersey § 52:14-15

§ 52:14-15.

Notwithstanding the provisions of any other law to the contrary, the State Treasurer,

on behalf of the State, and the governing body of an independent State authority,

board, commission, corporation, agency or organization may offer as an employer to

an employee the option for a reduction in the employee's salary, through payroll deductions

or otherwise, in exchange for the payment by the employer of a qualified transportation

fringe benefit, as defined in, and otherwise consistent with the provisions and limits

of, section 132 of the federal Internal Revenue Code of 1986 , 26 U.S.C. s.132 . The amount of any reduction in an employee's salary for the purpose of contributing

to the payment of the qualified transportation fringe benefit shall continue to be

treated as regular compensation for all other purposes, including the calculation

of pension contributions and the amount of any retirement allowance, but, to the extent

permitted by the federal Internal Revenue Code, shall not be included in the computation

of federal taxes withheld from the employee's salary.