UCSF Transportation Services Wants to Save You Money on Your Commute!
Published on October 30, 2017
Did you know you can save up to 40 percent on commuter costs by enrolling in the UC San Francisco Transportation Services pre-tax commuter program?
Many university employees don’t realize that the IRS allows them to pay for portions of their daily commute to work on a pre-tax basis, which could save them a bundle – up to 40 percent – in commuter costs every month!
Transportation Services recently switched from HR Simplified to Edenred Commuter Benefit Solutions. As an incentive, Transportation Services will pay the $3 per month fee for everyone who enrolls in the new service through April 2018.
By enrolling, employees are able to contribute up to $260 per month pre-tax towards mass transit and non-UC parking costs. That’s up to $520 per month in pre-tax benefits! Transportation Services provides complete details on their website.
The university has approximately 2,600 participants in the pre-tax commuter program, but David Schachman, finance and business operations manager at Transportation Services, would like to see that number grow. “I believe we can easily increase the number of people participating by simply getting the word out. We want more people to take advantage of the pre-tax benefit, which is why Transportation Services is offering to pick up the cost for monthly fees during the first six months of the new program.”
Schachman also noted that Edenred Commuter Benefit Solutions is the nation’s leading provider of Commuter Benefits, serving approximately 10 percent of Fortune 500 companies and 20 percent of Fortune 100 companies.
“They are much larger than our former provider and their sole focus is commuter benefit programs,” he said. “I believe our employees will notice a dramatic difference in value and customer service.”
With transportation costs steadily increasing in the Bay Area, Erick Villalobos, director of Transportation Services, encourages all UCSF employees to enroll in the Edenred Commuter Benefits Solutions program. “If you already spend your hard earned money on transportation costs, it’s a win-win with no down-side for our employees to enroll in the program,” he said.