BONUS! Checks
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WHAT ARE BONUS! CHECKS? An employer-centered voucher program accepted by TheBus, Vanpool Hawaii, LOTMA (private commuter bus service), and TheHandi-Van. Participating employers purchase BONUS! Checks from TheBus and distribute them to their employees. Employees can use the vouchers as cash toward the purchase of monthly TheBus passes, Vanpool Hawaii seat fees, TheHandi-Van and authorized private commuter buses (LOTMA). WHAT ARE THE BENEFITS OF BONUS! CHECKS? To Employers:
To Employees:
IS THERE A COST FOR THE EMPLOYER?Employers can choose any level of subsidy. BONUS! Checks are available in $5.00, $10.00 and $30.00 denominations. Monthly transit benefits up to $100.00 can be provided tax free to the employee. A monthly TheBus pass is only $40.00 but private commuter service can exceed $115.00 per month. Any portion of a transit benefit over $100.00 per month is considered taxable income to the employee. Employers can structure the program as either an employee fringe benefit or as a voluntary pre-tax employee payroll deduction.
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