New Commuter Benefits

 

Beginning March 1, 2017, State Security Agency Commuter Benefits will now be provided by ADP.

 

COMMUTER SPENDING ACCOUNTS TRANSPORTATION AND PARKING

 

Save Money on Your Commute Use pre-tax money to save on eligible commuting expenses:

• Bus

• Parking

• Subway

• Train

What is a CSA?

• An employee benefit that saves you money on eligible parking and transportation expenses.
• Lets you pay for certain commuting expenses with pre-tax money on a monthly basis.
• A great way to LOWER your taxable income.

THERE ARE TWO TYPES OF CSAs:

• The Transportation Spending Account is used to pay for eligible mass transit or vanpool* expenses associated with travel to and from work, including bus, train or subway.
• The Parking Spending Account is used to pay for eligible parking expenses either near your place of employment or at a location from which you commute to work via mass transit or vanpool.
• *Generally, a vehicle is eligible for vanpool expenses if it seats at least six adults (not including the driver) and at least 80 percent of its mileage is used to transport employees to and from places of employment.

How will a CSA save me money?

You pay less in taxes. Here’s an example:

How do I know if I'm eligible to enroll?

 

You are eligible if you take mass transportation, participate in a vanpool, or have parking expenses related to your commute to and from work.

 

Note: This is a month-to-month benefit. You can enroll, change or cancel it at any time.

 

What are the dollar limits on tax-free transit and parking benefits?

 

Because both accounts are pre-tax benefits, the IRS limits the amount you may allocate to each account. The limits are determined each year by the IRS. Ask your human resources representative for the current commuter spending account limits.

 

 

How do I use my CSA?

 

Your card can be used for debit or credit transactions to make qualified transit or parking purchases. Purchases can be made where Visa® is accepted by selecting “Credit or Debit” at the time of purchase. Your card cannot be used for cash advances or to make cash withdrawals.

 

Can I combine the dollar limits from month to month?

 

No. The specified limits for transit, parking and vanpool apply individually to each calendar month.

 

What happens if I have a remaining balance in my account after six months (or if I leave the company)?

 

CSA participants have 180 days from the date of their last contribution to use their CSA debit card to purchase Transit or Parking benefits. If an employee is leaving the company, they will have up until their last day to use their CSA debit card to purchase Transit or Parking benefits. CSA participants may also submit Parking claims during this timeframe.

 

How do I enroll?

 

Determine what you typically spend monthly on  qualified commuting expenses. Then, enter your per pay period deduction amount through your employer’s Benefits Enrollment Module. Your available account funds are loaded on your  card following each payroll cycle and are  available immediately.

 

 

Complete Form below:

Commuter Benefit Commuter Spending Account Debit Card FAQs

 

Where can I use the Commuter Spending Account Card?

 The card can only be used for qualified Transit and Parking purchases, as outlined by IRS regulations, and where Visa® cards are accepted. For Transit, the card can be used at transit agencies, fare vending machine, kiosks and  designated transit retail centers that sell only transit passes, tickets, fare cards and van pool passes. The card cannot be used at all retail locations (i.e., gift shops, pharmacies, etc.) that sell products other than transit media. For Parking, the card can be used at qualified parking facilities nationwide.

 

 How do I use the Commuter Spending Account Card?

 Your card can be used for debit or credit transactions to make qualified transit or parking purchases.

Purchases can be made where Visa® is accepted by selecting “Credit or Debit” at the time of purchase. Your card cannot be used for cash advances or to make cash withdrawals.

 

How are funds from my Transit or Parking account loaded onto my Commuter Spending Account Card?

 Y our available account funds are loaded on your card following each payroll cycle and are available immediately

for use.Your card can be loaded with funds for both transit and parking purchases; however, the funds loaded

are specific to each account type. This means you cannot use transit funds to pay for parking expenses or vice versa.

 

What is the minimum or maximum amount that can be loaded on the card?

 Reimbursement amounts are subject to your available payroll deduction amount as well as IRS monthly limits or your employer’s Plan maximums for transit and parking, whichever is less.

 

 Before I make a purchase, how do I check the available balance in my Transit or Parking spending account?

 You may check your balances on the ADP Spending Account website at https://myspendingaccount.adp.com.