Page 24 - ABM 2021 Benefits Guide SVC 30+
P. 24
COMMUTER TRANSIT AND PARKING
BENEFITS
ABM provides a Transit beneit, through * At the time of this publication, the IRS had not released an updated
2021 limit.
Discovery Beneits, that allows you to save
money for commuter and parking related Team members utilizing the SmartCommute
expenses. With this beneit, you can use pre- program (Washington DC/WMATA area) will
tax dollars to pay for bus/subway/ferry tickets, need to place their order for their monthly pass
passes, and tokens; vanpool fares, commercial within the Discovery Beneits system by the
parking, and commuter parking costs. Eligibility 10th of the month for the pass to be efective
for this beneit begins on the day you are hired; the 1st of the following month. This means that
you may enroll as soon as administratively you would need to place your pass order in
practicable. the Discovery Beneits SmartCommute system
by 01/10/2021 in order to have your pass for
For 2021, you are able to set aside: February.
Up to $270* per month for mass transit/ This program is subject to certain IRS rules and
public transportation (for example, bus regulations and funds may only be issued in the
tickets) form of a reimbursement for qualiied expenses.
Up to $270* per month for parking Refunds of unused funds is not permitted;
expenses however, funds are not tied to a beneit year
The amount you contribute will be deducted and can, therefore, be used to reimburse future
from your paycheck pre-tax. qualiied expenses, subject to certain limits. If
you terminate employment with ABM you will
Enrolling is easy. With Discovery Beneits, you forfeit any unused pre-tax funds.
will be able to use your debit card (the same
debit card as your Healthcare FSA) at the kiosk
to purchase a daily, weekly, or monthly pass as
needed. You also have the lexibility to use your
debit card to auto load a recurring pass with
the transit authority. There is no deadline for
you to make a commuter purchase unless you
use SmartCommute (see following paragraph).
Once your enrollment is loaded in the system
and funds are relected, you can begin to spend
them.
24 2021 Benefits Enrollment
BENEFITS
ABM provides a Transit beneit, through * At the time of this publication, the IRS had not released an updated
2021 limit.
Discovery Beneits, that allows you to save
money for commuter and parking related Team members utilizing the SmartCommute
expenses. With this beneit, you can use pre- program (Washington DC/WMATA area) will
tax dollars to pay for bus/subway/ferry tickets, need to place their order for their monthly pass
passes, and tokens; vanpool fares, commercial within the Discovery Beneits system by the
parking, and commuter parking costs. Eligibility 10th of the month for the pass to be efective
for this beneit begins on the day you are hired; the 1st of the following month. This means that
you may enroll as soon as administratively you would need to place your pass order in
practicable. the Discovery Beneits SmartCommute system
by 01/10/2021 in order to have your pass for
For 2021, you are able to set aside: February.
Up to $270* per month for mass transit/ This program is subject to certain IRS rules and
public transportation (for example, bus regulations and funds may only be issued in the
tickets) form of a reimbursement for qualiied expenses.
Up to $270* per month for parking Refunds of unused funds is not permitted;
expenses however, funds are not tied to a beneit year
The amount you contribute will be deducted and can, therefore, be used to reimburse future
from your paycheck pre-tax. qualiied expenses, subject to certain limits. If
you terminate employment with ABM you will
Enrolling is easy. With Discovery Beneits, you forfeit any unused pre-tax funds.
will be able to use your debit card (the same
debit card as your Healthcare FSA) at the kiosk
to purchase a daily, weekly, or monthly pass as
needed. You also have the lexibility to use your
debit card to auto load a recurring pass with
the transit authority. There is no deadline for
you to make a commuter purchase unless you
use SmartCommute (see following paragraph).
Once your enrollment is loaded in the system
and funds are relected, you can begin to spend
them.
24 2021 Benefits Enrollment
