Job Perks
Job Perks offers convenient options to help employees trim their transportation costs and improve a company's bottom line.
What is Job Perks?
The Job Perks program allows employers to offer public transit fares to their employees at a pre-tax rate through payroll deductions. This means that employees are exempt from paying federal income taxes on the deduction, potentially saving employees hundreds of dollars annually on their commute to and from work.
Employers can also save. By participating in the Job Perks program, employers will not pay FICA or FUTA unemployment taxes for the payroll deduction amount for each employee enrolled in the program.
In addition to monthly passes, employers can offer employees up to $200 in stored cash value - a great option for employees with flexible or unpredictable schedules.
Employers may contribute to or pay the cost of any qualified transportation fringe benefit (such as public transit fare), but will not be able to deduct such expenses for those specific costs.
Employers should consult with your tax advisors to determine the tax implications to both the employer and your employees for offering these transit benefits.
The Job Perks program is not a discounted fare program for individual commuters; it is a program for employers to offer as a benefit to their employees.
To learn if your company offers transportation fringe benefits, please contact the appropriate benefits representative at your organization.
The Perks of Public Transit
Taking public transit doesn't just save money; it promotes a healthier lifestyle for your workforce.
- Sit back, relax, and enjoy the ride. Our riders regularly tell us that they enjoy the time commuting to and from work on public transit. Without having to drive, they have time to decompress by listening to music, reading a book, or browsing the web. Other riders like to use this time to be productive – catching up on emails or preparing for a meeting.
- Expand your benefits package. Offering easy access to transit fares at a pre-taxed rate can be a big perk for many current and prospective employees, and could be helpful when recruiting new talent. Not to mention it will reduce anxiety around the need to find (and pay for) parking.
- Go green. Public transit is inherently good for the environment. By reducing the number of cars on the road and promoting a less car-centric lifestyle, public transit not only helps the environment but it improves the quality of life for us all – including your employees.
Flexible Options for Flexible Schedules
Through the Job Perks program, your company can offer* employees the following fare options at a pre-taxed rate:
|
Monthly Passes |
Your employees will have unlimited rides for a calendar month (see chart below). |
|
Stored Cash Value |
Your employees will be able to add up to $200 to their company-issued ConnectCard. |
- Tax implications associated with the Job Perks program vary depending on how your company is taxed. To determine the extent of the favorable tax benefits your company and your employees will receive by offering pre-tax transit benefits through the Job Perks program, please consult with your company’s payroll department or your tax advisors.
How it Works
Once you enroll in the program, the rest is easy.
- An account will be set up for your business in our convenient, user-friendly online card management system.
- Your company will be provided a supply of ConnectCards ($1/card fee). These ConnectCards are issued to the business or organization, not the employee. Thus, a card can be “blocked” if an employee leaves the program or is no longer eligible. Additionally, the pass can easily be replaced if the ConnectCard is lost or stolen.
- Employers are then responsible to assign the cards to staff.
- Employers can easily manage the program through an online web portal. Updates can be made monthly, if needed, or the administrator can use the “remember” button for recurring orders.
- Employees receive their new pass by tapping their ConnectCard at a farebox, validator or ConnectCard machine.
Enrolling in Job Perks
Interested in enrolling in our Job Perks program? It’s simple! Contact us at 412-566-5283, or fill out our online form.
Job Perks Form