NJCU Town Hall March 20, 2014

1. NJCU Town Hall March 20, 2014

5. COMMUTATION SAVINGS FOR EMPLOYEES & STUDENTS • EMPLOYEES: • Employees can save time and money by lowering tax liability with pre tax deductions from pay for commuting expenses . The IRS allows employees to set aside money for their commute -tax-free. Typically, the pre tax arrangement can result in up to 25% savings for commuting. • NJ Transit • Employees may order their passes for all NJ Transit rides such as buses and trains and have the cost deducted from pay on a pretax basis. • The passes are delivered to the Human Resources Office the last week of every month. • Transit Check • Money is deducted, pre tax from pay and is placed on a debit card used to pay for commuting (up to $130/month for transit and up to $250/month for qualified parking, subway, bus, train, ferry, car, or vanpool) and save on taxes. • STUDENTS: • NJCU through NJ Transit has arranged for Full-time NJCU students to purchase monthly student passes on-line and save 25%. The service is free. There are no additional charges associated with subscribing to the service. • Orders are automatically renewed each month and your passes arrive just prior to the new month. • To Order Follow the steps on screen after log on: • •Log onto GothicNet • •Search for "Student Pass" or NJ TRANSIT • ****Buy your pass by the 10th of the month to receive it the following month ****