Pre-Tax Savings Program
NEW ENROLLEES IN EDENRED COMMUTER BENEFIT SOLUTIONS (ECBS)
Signup now at https://www.commutercheckdirect.com and your monthly administrative fee ($3.00) will be waived through April 2018.
The Company ID you will need when signing up is 1550.
How it Works
Commuter Benefits can add up to some serious tax savings. You save money on taxes every month you participate (no waiting until the end of the year), which means more money in your pocket each month. Savings can add up to a whopping 40%.
Participants can elect to have a up to $255 per month deducted from their UCSF paychecks on a pretax basis to be used for commute related transit and parking. Your pretax funds are placed on a debit Mastercard, which allows you to make commuter transit and parking-related purchases where Debit Mastercard is accepted.
Should you have additional questions regarding this program, please refer to https://www.commutercheckdirect.com or call ECBS customer service 800-531-2828.
If after contacting ECBS you still have questions, please feel free to contact UCSF Transportation Services at 415-476-1511.
CURRENT HR SIMPLIFIED PARTICIPANTS:
In order to offer better service at a lower cost, UCSF Transportation Services wants to inform you that beginning November 2017, we will be switching from HR Simplified to Edenred Commuter Benefit Solutions to administer our pre-tax benefit program. Please take time to review the important details and frequently asked questions below.
Your existing HR Simplified account and balance will NOT transfer to the new program. You MUST enroll with ECBS online at www.commutercheckdirect.com if you wish to continue participating in the pre-tax program.
As an incentive to enroll, for the first six months (through March 2018) Transportation Services will pay the $3.00 per month fee for all enrollees in Edenred Commuter Benefit Solutions.
What You Need To Do:
You MUST ENROLL ONLINE in ECBS by 11/1/17 to begin November payroll deductions. Your benefit debit card will arrive in the mail around November 23rd. To ensure that you have pre-tax dollars available during the transition, you may want to consider waiting until your first payroll deduction with ECBS has been taken after 11/1/17 AND your new ECBS debit card has arrived BEFORE you cancel your HR Simplified account. Go here to enroll in ECBS pre-tax programs: http://www.commutercheckdirect.com. The Company ID you will need to enter is 1550.
Go online and cancel your HR Simplified account if you do not want to keep any existing balances available to you until 12/31/17 and to avoid being charged a $3.39 monthly fee for November and/or December 2017. Any unused balance in your HR Simplified account will be refunded to you as a post-tax payroll credit. Go here to terminate your HR Simplified account: ucsf.mypretax.com.
Please do not contact Transportation Services regarding ANY cancellations or new enrollments as you must go online to the appropriate pre-tax vendor to do so (see URLs above).
If after reading the attached information you still have questions, please feel free to call Transportation Services at 415-476-1511.