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HOW
DOES THE Participating
employers are able to offer TheBus monthly bus passes as a low-cost
fringe benefit to employees who commute by TheBus.
Each month, a supply of bus passes is provided to the employer.
TheBus will work with an employer to devise the best
distribution system. Bus
passes can be fully or partially paid by the company.
PROGRAM
BENEFITS To
Employers: ·
Tax-deductible
business expense. ·
Employees
arrive more relaxed and on time. ·
Promotes
regular, on-going transit use. ·
Meets
the needs of companies with little or no employee parking.
·
Helps
keep down the cost of company-provided parking. ·
Helps to
recruit and retain employees. ·
Helps
decrease traffic congestion and preserve the environment. To
Employees: ·
Perceived
by employees as a valuable fringe benefit. ·
Reduces
commuting expenses. ·
Eliminates
the stress of hunting for a parking space every day.
·
Easy bus
pass access since passes are distributed at work. IS
THERE A COST FOR THE EMPLOYER? Many
employers subsidize the entire cost of a monthly bus pass, which is
$60.00 per month per employee. Other
employers provide a partial subsidy--as little as $5.00 per month to
$20.00 per month per employee. Through
recent tax law, employers can also allow employees to pay for the cost
of monthly bus passes through pre-tax payroll deduction.
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