Page 21 - ABM 2021 Benefit Guide RDU
P. 21
COMMUTER TRANSIT AND PARKING
BENEFITS
ABM provides a Transit beneit, through Enrolling is easy. With Discovery Beneits, you
Discovery Beneits, that allows you to save will be able to use your debit card (the same
money for commuter and parking-related debit card as your Healthcare FSA) at the kiosk
expenses. With this beneit, you can use pre- to purchase a daily, weekly, or monthly pass
tax dollars to pay for bus/subway/ferry tickets, as needed. You also have the lexibility to use
passes, and tokens; vanpool fares, commercial your debit card to automatically load a recurring
parking, and commuter parking costs. Eligibility pass with the transit authority. There is no
for this beneit begins on the day you are hired; deadline for you to make a commuter purchase,
you may enroll as soon as administratively unless you use SmartCommute (see following
practicable. paragraph). Once your enrollment is loaded in
the system and funds are relected, you can
For 2021, you are able to set aside: begin to spend them.
Up to $270* per month for mass transit/ Team members utilizing the SmartCommute
public transportation (for example, bus program (Washington DC/WMATA area) will
tickets) need to place their order for their monthly pass
Up to $270* per month for parking within the Discovery Beneits system by the
expenses 10th of the month for the pass to be efective
The amount you contribute will be deducted the 1st of the following month. This means that
from your paycheck pre-tax. you would need to place your pass order in
the Discovery Beneits SmartCommute system
* At the time of this publication, the IRS had not released an updated by 01/10/2021 in order to have your pass for
2021 limit.
February.
This program is subject to certain IRS rules and
regulations and funds may only be issued in the
form of a reimbursement for qualiied expenses.
Refunds of unused funds is not permitted;
however, funds are not tied to a beneit year
and can, therefore, be used to reimburse future
qualiied expenses, subject to certain limits. If
you terminate employment with ABM you will
forfeit any unused pre-tax funds.
ABM 21
BENEFITS
ABM provides a Transit beneit, through Enrolling is easy. With Discovery Beneits, you
Discovery Beneits, that allows you to save will be able to use your debit card (the same
money for commuter and parking-related debit card as your Healthcare FSA) at the kiosk
expenses. With this beneit, you can use pre- to purchase a daily, weekly, or monthly pass
tax dollars to pay for bus/subway/ferry tickets, as needed. You also have the lexibility to use
passes, and tokens; vanpool fares, commercial your debit card to automatically load a recurring
parking, and commuter parking costs. Eligibility pass with the transit authority. There is no
for this beneit begins on the day you are hired; deadline for you to make a commuter purchase,
you may enroll as soon as administratively unless you use SmartCommute (see following
practicable. paragraph). Once your enrollment is loaded in
the system and funds are relected, you can
For 2021, you are able to set aside: begin to spend them.
Up to $270* per month for mass transit/ Team members utilizing the SmartCommute
public transportation (for example, bus program (Washington DC/WMATA area) will
tickets) need to place their order for their monthly pass
Up to $270* per month for parking within the Discovery Beneits system by the
expenses 10th of the month for the pass to be efective
The amount you contribute will be deducted the 1st of the following month. This means that
from your paycheck pre-tax. you would need to place your pass order in
the Discovery Beneits SmartCommute system
* At the time of this publication, the IRS had not released an updated by 01/10/2021 in order to have your pass for
2021 limit.
February.
This program is subject to certain IRS rules and
regulations and funds may only be issued in the
form of a reimbursement for qualiied expenses.
Refunds of unused funds is not permitted;
however, funds are not tied to a beneit year
and can, therefore, be used to reimburse future
qualiied expenses, subject to certain limits. If
you terminate employment with ABM you will
forfeit any unused pre-tax funds.
ABM 21
