Parking and Transit Plans, Section 132

A Transit/Commuter Account is an employer-sponsored benefit that allows workers to use pre-tax money to help pay for the cost of commuting expenses to and from work.

There are 3 different types of transit accounts:

Parking
Covers the cost of parking your vehicle at or near your place of work. May also cover parking at the following:

• Mass transit facilities, such as bus, train, or subway stations
• Commuter highway vehicle pickup location
• Carpool pickup location
• Parking meters

Employees may fund up to $270/month through a payroll deduction and have an account-linked debit card for expenses. This account may be held at the same time as a Mass Transit or Vanpool benefit account.

Vanpool
Covers the cost of traveling by vanpool or other vehicle with seating capacity of at least 6 adults, not including the driver.

Employees may fund up to $270/month through a payroll deduction and have an account-linked debit card for expenses. This account may be held at the same time as a Parking benefit account.

Mass Transit
Covers the cost of transit fare by train, subway, bus, ferry, or transit pass for mass commuter vehicle.

Employees may fund up to $270/month through a payroll deduction and have an account-linked debit card for expenses. This account may be held at the same time as a Parking benefit account.

Good To Know

• Unused funds in Parking, Mass Transit, and Vanpool accounts roll over from month to month
• If you leave your company (voluntarily or involuntarily), unused funds are not portable
• Funds are not transferable between accounts