Page 13 - ABM 2021 Benefit Guide DV
P. 13
COMMUTER TRANSIT AND PARKING
BENEFITS
ABM provides a Transit beneit, through Team members utilizing the SmartCommute
Discovery Beneits, that allows you to save program (Washington DC/WMATA area) will
money for commuter and parking related need to place their order for their monthly pass
expenses. With this beneit, you can use pre- within the Discovery Beneits system by the
tax dollars to pay for bus/subway/ferry tickets, 10th of the month for the pass to be efective
passes, and tokens; vanpool fares, commercial the 1st of the following month. This means that
parking, and commuter parking costs. Eligibility you would need to place your pass order in
for this beneit begins on the day you are hired; the Discovery Beneits SmartCommute system
you may enroll as soon as administratively by 01/10/2021 in order to have your pass for
practicable. February.
For 2021, you are able to set aside: This program is subject to certain IRS rules and
Up to $270* per month for mass transit/ regulations and funds may only be issued in the
form of a reimbursement for qualiied expenses.
public transportation (for example, bus Refunds of unused funds is not permitted;
tickets) however, funds are not tied to a beneit year
Up to $270* per month for parking and can, therefore, be used to reimburse future
expenses qualiied expenses, subject to certain limits. If
The amount you contribute will be deducted you terminate employment with ABM you will
from your paycheck pre-tax. forfeit any unused pre-tax funds.
Enrolling is easy. With Discovery Beneits, you
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 automatically 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.
* At the time of this publication, the IRS had not released an updated
2021 limit.
ABM 13
BENEFITS
ABM provides a Transit beneit, through Team members utilizing the SmartCommute
Discovery Beneits, that allows you to save program (Washington DC/WMATA area) will
money for commuter and parking related need to place their order for their monthly pass
expenses. With this beneit, you can use pre- within the Discovery Beneits system by the
tax dollars to pay for bus/subway/ferry tickets, 10th of the month for the pass to be efective
passes, and tokens; vanpool fares, commercial the 1st of the following month. This means that
parking, and commuter parking costs. Eligibility you would need to place your pass order in
for this beneit begins on the day you are hired; the Discovery Beneits SmartCommute system
you may enroll as soon as administratively by 01/10/2021 in order to have your pass for
practicable. February.
For 2021, you are able to set aside: This program is subject to certain IRS rules and
Up to $270* per month for mass transit/ regulations and funds may only be issued in the
form of a reimbursement for qualiied expenses.
public transportation (for example, bus Refunds of unused funds is not permitted;
tickets) however, funds are not tied to a beneit year
Up to $270* per month for parking and can, therefore, be used to reimburse future
expenses qualiied expenses, subject to certain limits. If
The amount you contribute will be deducted you terminate employment with ABM you will
from your paycheck pre-tax. forfeit any unused pre-tax funds.
Enrolling is easy. With Discovery Beneits, you
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 automatically 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.
* At the time of this publication, the IRS had not released an updated
2021 limit.
ABM 13
