Requires same limitation on public employee contributions to flexible spending accounts as provided by federal law adjusted for inflation.

This bill requires New Jersey public employees' contributions to flexible spending accounts (FSAs) to follow the same annual inflation-adjusted limit as federal law. It applies to all state, local government, and school district employees who participate in employer-sponsored FSAs for medical/dental expenses. The key provision mandates that the contribution limit - currently $3,200 for 2024 - be updated yearly to match the federal inflation-adjusted amount, rather than using a fixed state limit. This ensures public employees' FSA benefits stay aligned with federal tax code standards.