Page 22 - ABM 2021 Benefit Guide AMPCO
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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/ * At the time of this publication, the IRS had not released an updated
public transportation (for example, bus 2021 limit.
tickets) This program is subject to certain IRS rules and
Up to $270* per month for parking regulations and funds may only be issued in the
expenses form of a reimbursement for qualiied expenses.
The amount you contribute will be deducted Refunds of unused funds is not permitted;
from your paycheck pre-tax. 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.
22 2021 Benefits Enrollment
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/ * At the time of this publication, the IRS had not released an updated
public transportation (for example, bus 2021 limit.
tickets) This program is subject to certain IRS rules and
Up to $270* per month for parking regulations and funds may only be issued in the
expenses form of a reimbursement for qualiied expenses.
The amount you contribute will be deducted Refunds of unused funds is not permitted;
from your paycheck pre-tax. 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.
22 2021 Benefits Enrollment
