Among the many benefits that the City of New York offers to its employees, the facility known as Transit Pass Plan is definitely the one. Using this service, an employee gets direct delivery of the transit tickets to the home address at the beginning of every month. Like other commuter benefit programs offered to the City of New York employees, the Transit Pass Plan is also provided by Edenred Commuter Benefit Solutions. You must take the details into account to get a better understanding of this Transit Pass Plan.
- What is Transit Pass?
In short, the Transit Pass Plan is the free home delivery of transit passes or tickets on the first day of every single month. The commuter benefits provider of the city makes arrangements for this process. Here, Edenred Commuter Benefit Solutions are the provider for the employees of the City of New York. They give several options of transit providers and transit passes to choose from. The list is available on the official website of NYC.
- What is the funding process of the Transit Pass Plan?
The funding process for this Transit Pass Plan is very easy. One may send funding to the Edenred Account either via pre-tax or post-tax payroll deductions. After completing this funding process, one may choose the most suitable pass available on the Edenred system.
- The process of service:
In this system, Edenred takes charge of the delivery process and sends the passes or tickets directly to the employee’s mailing address. This gets done on the very first day of every month.
Using this system, Edenred allows an employee to secure supplement purchases on the website using a personal credit card. This happens due to a reason, to ensure that the employee has enough funds in the account. One may make different types of purchases like train tickets or Metro Card using this system.
- Administrative fees:
There is an administrative fee necessary for this Transit Pass option. The amount required to run the administration of this Transit Pass Plan is $2.05. This amount of administrative fee gets deducted from the account of the employee via easy payroll deductions.
- Points to be noted:
There is an exception to everything. For this Transit Pass Plan as well, there is an exception. Edenred sends the passes and tickets to all the employee’s homes except for Metro-North Rail Road and Long Island Rail Road tickets.
In the case of Metro-North Rail Road and Long Island Rail Road, they send out their respective monthly tickets.
So, one should be careful whether the election on the Edenred site reflects the correct fare or not. Otherwise, one may not receive one’s monthly ticket at all.
The option of voluntarily storing a credit card with MTA is available in the monthly election with Edenred is insufficient.
- Frequently Asked Questions regarding the Transit Pass Plan:
Taking a good look at the most frequently asked questions regarding the Transit Pass Plan solves the questions crawling inside many minds. So, looking at them is a must just to understand it in the best possible way.
- How to resume the plan after suspension or completion?
An employee needs to login to the official website of the agency to resume the payroll deduction.
After that, in case of suspension, one may ask for a resumption date for faster resumption.
In case of cancellation, an employee needs to apply for re-enrollment altogether.
- Is there any service fee applicable for this Transit Pass Plan?
Yes, the monthly administrative fee for this plan is $2.05. This amount is necessary for maintaining the account and providing the transaction costs. This administrative fee gets deducted from the account as a post-tax deduction every month after completing enrollment.
- How does the W-2 get affected?
The taxable wages, Social Security, Medicare, State, and local wages get reduced because of the pay’s pre-tax transportation deductions. This gets labeled as “IRC132” Due to this, the W-2 gets affected.
- Are Transit Pass providers available for this service?
There are more than ninety transit providers who provide for this home delivery program. All are available. The options of transit passes and tickets are also many. So, one can choose according to the conveyance.
- How to elect the Transit Pass or ticket?
After the enrollment process is complete, you need to wait for two working days. After that, you can use the Edenred website and choose your pass or ticket. The selection of the transit provider and the ticket options also get done from the website itself.
These are all the necessary details regarding the amazing Commuter Benefits Program known as the Transit Pass Plan.