Through pre-tax payroll deduction, employees can save 25% to 40% on the expense of parking near their place of employment or travel via public transportation to and from work.
Covered commuter expenses include:
Transit passes: bus, subway, streetcar, ferry, train. Parking at or near place of employment, or at a location from which the employee commutes by carpool or commuter highway vehicle
Commuter benefits are not tied to a benefit year, so the funds will remain in the participant’s account until exhausted.