c ommonwealth of pennslyvania commuter benefits program n.
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  2. Agenda • Introduction to the Commonwealth’s Commuter Benefits Program • Overview of Commuter Benefits • TransitCenter Solutions – Products and Services • How the Program Works • How You Can Enroll

  3. Introducing the Commonwealth of Pennsylvania’s Commuter Benefits Program A Great Way for You to Save Money

  4. Commonwealth’s Commuter Benefits Program • With the Commonwealth’s Commuter Benefits Program, you can take home more of what you earn! • Thanks to a special provision in Federal law, Internal Revenue Code Section 132 (f), you can save money every time you commute by public transportation • Whether you take a bus, train, subway or qualified vanpool you can save money every time you commute • And, if you currently drive to work, consider using public transportation as a less expensive alternative to paying for fuel and parking

  5. Commonwealth’s Commuter Benefits Program • When you enroll in the Commuter Benefits Program, you will be able to use your pre-tax salary to pay for commuting costs • That means you will payless in taxes and take homemore of what you earn • Set aside up to $110* per month/$1,320 per year to pay for your commute *Amount can change annually; this is the amount for 2007.

  6. Take Home More Of What You Earn • Here’s an example of how much you can save • The columns show the difference in take home pay with and without deductions for Federal Income Tax, Social Security, and Medicare • In this example, $23 is saved each month

  7. Commonwealth’s Commuter Benefits Program • It’s a win/win! • You win by • Using pre-tax dollars to pay for commuting expenses which saves money • Receiving convenient transit products to pay for commuting costs • The environment wins with • Reduced traffic congestion • Improved air quality

  8. Available Transit Providers • There are approximately 70 transit providers serving Pennsylvania • Bus • Train • Subway • Qualified Vanpool • For a complete list of providers, visit the website or contact your Human Resource Office

  9. Product Overview • Based on the transit provider you use, you will receive one of the following transit products to pay for your commuting costs: • TransitChek QuickPay® Card • TransitChek® Vouchers • TransitChek CashBack® • Each product is explained further on the next slides

  10. What is the TransitChek QuickPay® Card? • Visa® Debit Card issued by Bank of America • Designed to be IRS compliant for mass transit • No annual or transaction fees • 24/7 access to account information • No monthly usage limit • No transaction limit • Funds rollover month-to-month • Quarterly Statements • Card is funded on the 23rd of the month

  11. What are TransitChek® Vouchers? • Like cash • Used to buy tickets and transit passes • Used for qualified vanpools • Accepted in Pennsylvania and New Jersey • Vouchers are received by mail before the end of each month

  12. What is TransitChek CashBack®? • Used when the QuickPay Card and Vouchers are not accepted by the transit provider • Cash reimbursement for transit expenses • Employees submit CashBack Reimbursement form with receipts • Reimbursements directly deposited into employee’s checking or savings account within 2 weeks

  13. Tools Available Additional information, including a brochure, Frequently Asked Questions, and contact information is available on the Commuter Benefits Website or by contacting your Human Resource Office www.transitcenter.com/pacommuterbenefits.aspx

  14. How the Program Works • You sign-up for a monthly pre-tax payroll deduction equal to, but not more than the $110 maximum. (Under some circumstances, post-tax deductions may also be taken for expenses above $110.) • The payroll deduction is automatically taken from your pre-tax salary on the first pay of the month. In addition, a small monthly administration fee of $3.25 is taken from post-tax salary • The transit benefit product is made available to you by the end of the month in which the deduction is made from your pay • You use the product for expenses in the next month. (Note: This is an after-the-fact benefit, since deductions are taken in one month and used the next month.)

  15. Employee Enrollment: How do you enroll? • Enrollment is easy and takes just a few minutes • There are two ways an employee can enroll: • Complete an Enrollment Form available on the website or from your Human Resource Office and mail or fax as directed on the form • Or, Call our toll-free number, 1-866-591-2435 to speak with an enrollment technician

  16. Employee Enrollment: What Will You Need to Enroll? • When enrolling, employees will be asked to provide: • Employee Personnel Number • Last name as it appears in employee records • Home zip code • The names of all the transit and/or vanpool services regularly used • Monthly mass transit or vanpool cost

  17. Employee Enrollment: Enrollment Form • Completed forms should be faxed or mailed to TransitCenter at the number or address provided at the bottom of the form

  18. Customer Service Available • Customer service available from 8:30am to 5:30pm Monday through Friday (EST) 1(866)823-3248 • Bi-Lingual Customer Service Representatives • 24/7 access to TransitCenter website • Employees may also refer questions to their Human Resource Office

  19. On-Site Customer Service Available • Onsite enrollment will be offered for any employee who has questions before enrolling. Depending on the popularity of this service, additional dates may be added in January • Dec. 12 – Keystone Bldg. Atrium & Strawberry Square Atrium • Dec. 13 – Pittsburgh State Office Building • Dec. 14 – Scranton State Office Building • Dec. 19 – Philadelphia State Office Building • Dec. 20 – Reading State Office Building • The service will be provided from 8:00 to 3:00 on each day

  20. What’s next? Why wait to save money? • Initial Enrollment begins December 11th and continues through January 12, 2007 • First payroll deduction will be made in February. • Transit benefit product available for use in March. • Enroll on or before the 9th of any month after the initial enrollment period ends for new enrollments or changes to existing enrollments