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Parking and Transit
As a result of federal regulations, parking and transit costs can now be set-up on a pre-tax basis. Employees voluntarily decide how much will be deducted from their paycheck. When they incur parking or transit costs they submit receipts to Sheakley UniService, Inc., the third party administrator.
By contributing pre-tax dollars to the Section 132 Parking and Transportation Program, employees can lower their taxes and realize significant cost savings. Also, the monies accumulated in their Section 132 Parking and Transportation Accounts may be carried over from month to month and year to year.
View the Parking and Transit example.This document requires Adobe Acrobat Reader to view. If you do not have this plug-in, click here to download.
Click here to view the Parking and Transit Reimbursement Form.
For more information, contact plan administrator Sheakley Pension Administration, Inc. Flexible Benefits Division 1-800-877-6630 email: 125@sheakley.com |