Bus

TransitCenter: More companies offering commuter benefits

Posted on October 15, 2009

Despite a severe recession forcing companies to cut costs and wages, most employers are maintaining -- and in some cases increasing -- tax-free commuter benefits as part of their compensation packages, according to a TransitCenter study, entitled 2009 Commuter Impact Survey.

Eight months after the passage of the American Recovery and Reinvestment Act (ARRA), which increased the amount of tax-free income employees could use to pay for their mass transit fares from $120/month to $230/month, TransitCenter found that over one-third (35 percent) of companies surveyed offer a tax-free commuter benefit.

According to TransitCenter's 2009 Commuter Impact Survey, tax-free commuter benefits have joined health, retirement and disability at the top of benefit lists offered by companies. Companies listed "cost savings for employees" (62 percent) and "enhance overall benefits offering" (47 percent) as the top reasons for offering the benefit. And, 91 percent say that their employees are still concerned about the price of gas, despite a fall off from last summer's record prices.

Additional findings of the study include:

  • Flextime (33 percent), Telecommuting (30 percent) and Transit (30 percent) are the top commute-related benefits offered by the surveyed companies.
  • Seventy-two percent of respondents see tax-free commuter benefits as a way to help reduce their company's carbon footprint.
  • As a result of the increase in the transit benefit cap, 27 percent of companies have seen increased enrollments, 39 percent have seen an increase in their employees' pretax deductions, and seven percent of companies have increased the subsidized amount offered to employees.

 

View comments or post a comment on this story. (0 Comments)

More News

National Express shuttles Baltimore commuters during subway work

Staffed 24/7 with more than 100 drivers and 58 buses, free National Express shuttles will be running every 10 minutes during peak service and 20 to 30 minutes at lower-volume commuting times.

Fla.'s JTA recieves $7.2M for BRT project

Will be used to improve sidewalks and ADA ramps within a half mile of the First Coast Flyer™ North Corridor stations and construct pedestrian access to the Armsdale Park-n-Ride facility.

2 NJ Transit buses collide in Lincoln Tunnel

Of the 20 people injured, none were considered serious and 13 were transported by New York City EMS to hospitals.

AC Transit launches on-demand bus service

Riders using a desktop computer, smart phone device or traditional telephone can schedule their pick-up and desired drop-off locations: reducing their wait time, arriving at their destination faster, and increasing the overall rider experience.

MVTA 'Bus on Shoulder' vehicles equipped with MTS guidance tech

The advanced Driver Assist System, utilizing a licensed GPS technology developed by the University of Minnesota, provides feedback to the driver regarding lane position – via graphic driver alert displays, virtual mirror, vibrating seat and actuated steering.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close