Tracing Trends in Commuter Benefits
A Commuter Benefit Plan (CBP) is a great way to help employees save on commuting expenses. These funds can be contributed by employees and/or employers to pay for certain workplace commuting expenses, including mass transit and parking, on a pre-tax basis.
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Emerging Transit Payment Platforms
For over 20 years, transportation benefit programs have been available. First, the benefit was a cash reimbursement, then employers began using transportation vouchers. Following that came pass fulfillment, which was convenient and eliminated the need to find a ticket counter.
Ordinances and Compliance
Transit ordinances require select employers to offer “qualifying” commuter benefits programs. There are currently ordinances in six areas. Download our eBook for additional details.
Get a head start on transit benefits with BRI’s Commute Plan!
By partnering with a third-party administrator, like Benefit Resource, employers can make sure they are offering a compliant solution to employees per the ordinance guidelines. BRI provides flexible and on-demand purchasing. There is nothing to order or distribute. Employees can make purchases based on their needs.