2FA for P&A Participants
COBRA, Commuter Benefits, Parking, Participant, Reimbursement Accounts, Savings Accounts, Transit
Illinois recently enacted a law encouraging public commuter transportation to and from work. The Transportation Benefits Program Act begins January 1, 2024. Under the Illinois Commuter Benefits Ordinance, qualified employers must offer eligible employees a pre-tax commuter benefit.
2024 Illinois Commuter Benefits Ordinance Details
Illinois employers who meet the following requirements will need to provide a pre-tax Commuter Benefits Plan:
- Employ 50 full-time employees working in certain towns and counties listed here and who have an address within one mile of a transit service location operated by the Regional Transportation Authority.
- Employees must work an average of 35 hours during the work week on a full-time basis. New hires will have delayed eligibility until the pay period 120 days after their hire date.
P&A Commuter Benefit Solutions
From easy enrollment options to a dedicated account manager, P&A makes sure your plan is expertly managed and easily integrated into your existing benefit options. Learn more about our pre-tax reimbursement accounts.
Set Up a Commuter Plan Today
If your business is not set up with a pre-tax salary reduction Commuter Plan, we will guide you through adding a plan to your benefit options. For help, please contact your P&A Benefits Consultant Monday – Friday, 8:30 a.m. – 5:00 p.m. ET or contact us here.
