Monday
Dec042017
NYC Transit Ordinance
Monday, December 4, 2017 at 3:35PM by Banking Spectrum A law known as the New York City (NYC) Transit Ordinance went into effect January 1, 2016 and mandates that NYC companies with 20 or more full-time employees (working an average of 30 hours or more per week) MUST offer pre-tax transit benefits.
The program allows employees to pay for monthly commuting expenses with pretax earnings, potentially saving them hundreds of dollars on annual payroll and income taxes. The benefit covers all types of commuting - subway, bus, train, ferry, vanpool, bicycle and parking.
Archived In: Human Resources, New York
Human Resources, New York
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