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City of New York February 2018.

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Presentation on theme: "City of New York February 2018."— Presentation transcript:

1 City of New York February 2018

2 © 2016 WageWorks Inc. All rights reserved.
Agenda Commuting Options Account Funding WageWorks Site Helping to Spread the Word © 2016 WageWorks Inc. All rights reserved.

3 How much can you save on Transit?
Without WageWorks With WageWorks Gross annual pay (estimate) $45,000.00 Estimated tax rate - 40% $18,000.00 Estimated annual commuting expenses ($121 x 12) $1,452.00 Net annual pay $27,000.00 Adjusted gross pay $43,548.00 $17,420.00 Final take-home pay $25,548.00 $26,128.00 Take home this much more: $580.00 *Estimate based on the maximum pre-tax contribution of $260/month for a transit benefit and $260/month for a parking benefit over the course of 12 months. Individual savings may vary based on contribution amounts, income, individual tax rates, state of residence, and other factors. Terms and conditions apply. Based on a marginal federal income tax of 23%, FICA (Social Security) tax of 8%, and state income tax of 7%. Except in MS, NJ, and PA © 2016 WageWorks Inc. All rights reserved.

4 What does this mean for employees?
New York City Transit NY NJ CT Employees can save up to 40% on public transit and parking as part of their daily commute to work Bus, train, subway or ferry Parking at or near public transportation Expanded Coverage - More employees can fully leverage the program Metro-North and LIRR NJ Transit and PATH Buses Ferries Access-A-Ride © 2016 WageWorks Inc. All rights reserved.

5 How much can you save on Transit & Parking?
Without WageWorks With WageWorks Gross annual pay (estimate) $45,000.00 Estimated tax rate - 40% $18,000.00 Estimated annual commuting expenses ($520 x 12) $6,240.00 Net annual pay $27,000.00 Adjusted gross pay $38,760.00 $15,504.00 Final take-home pay $20,760.00 $23,256.00 Take home this much more: $2,496.00 *Estimate based on the maximum pre-tax contribution of $260/month for a transit benefit and $260/month for a parking benefit over the course of 12 months. Individual savings may vary based on contribution amounts, income, individual tax rates, state of residence, and other factors. Terms and conditions apply. Based on a marginal federal income tax of 23%, FICA (Social Security) tax of 8%, and state income tax of 7%. Except in MS, NJ, and PA © 2016 WageWorks Inc. All rights reserved.

6 © 2016 WageWorks Inc. All rights reserved.
Commuting Options © 2016 WageWorks Inc. All rights reserved.

7 Commuting Options WageWorks® Commuter Card
Premium TransitChek® MetroCard® Transit Passes Access-A-Ride Park-N-Ride © 2016 WageWorks Inc. All rights reserved.

8 © 2016 WageWorks Inc. All rights reserved.
Commuter Card The Commuter Card Plan enables you to buy your transit passes and tickets across the Tri-State area at almost 90 operators. Card is funded with payroll deductions on each pay date. A Personal Identification Number (PIN) is not required to use this card. When using the Commuter Card at a vending machine that accepts both credit and debit cards, be sure to choose “Credit”.   © 2016 WageWorks Inc. All rights reserved.

9 Premium TransitChek® MetroCard®
The Premium TransitChek MetroCard provides employees unlimited, local transit rides 365 days a year. Use the card for travel via the MTA NYC Transit subway, MTA NYC Transit local bus, MTA Staten Island Railway, NICE bus, or the Westchester Bee-Line local bus. Delivered directly to your home and ready to use—no waiting in line at the MetroCard® vending machine each month. © 2016 WageWorks Inc. All rights reserved.

10 © 2016 WageWorks Inc. All rights reserved.
Transit Pass Transit Pass Plan - have your transit passes mailed to your home. Pick from a catalog of transit providers and pass and ticket options. Participants can buy multiple passes from different operators. Metro-North and LIRR NJ Transit and PATH Buses Ferries Access-A-Ride © 2016 WageWorks Inc. All rights reserved.

11 Access-A-Ride/Paratransit
The Access-A-Ride program covers other paratransit services in other transit agencies. These offerings are available under the Transit Pass plan and participants will have a Transit Account just like other participants enrolled in the Transit Pass Plan. © 2016 WageWorks Inc. All rights reserved.

12 © 2016 WageWorks Inc. All rights reserved.
Park-N-Ride Park-N-Ride plan - if you pay to park at a transit station as part of your commute to work, you can save money on parking. You must be enrolled in a Transit benefit plan to enroll in the Park-N- Ride plan. With a variety of reimbursement options you can easily pay for your eligible parking expenses. Pay My Parking Pay Me Back WageWorks Parking Card © 2016 WageWorks Inc. All rights reserved.

13 © 2016 WageWorks Inc. All rights reserved.
Account Funding © 2016 WageWorks Inc. All rights reserved.

14 How Commuter Funding Works
Pre-tax payroll elections will be deducted twice a month (four times if paid weekly). These funds will either go into your account or directly to your WageWorks Commuter Card based on your enrollment in the plan. Funds that go into your account will be used to pay for your transit and/or Park-N-Ride order for the following month. For example, deductions in July will be used to pay for your August 10 order for the September benefit month. If there are not sufficient funds in your account by the 10th of the month, your order will not be processed. You will need to re-elect your pass again for the next month’s order deadline. © 2016 WageWorks Inc. All rights reserved.

15 © 2016 WageWorks Inc. All rights reserved.
Commuter Card Timing Electing a Commuter Order Funding the benefit Elect/Change Deduction Plan with the City by the end of June Payroll Deductions commence on the next available pay date Receive your WageWorks Commuter Card within two weeks of making the election. Payroll Deductions in July are loaded to your commuter card on your pay day. Access Your Funds Funds are available on your pay day. Adjust to the dates of the time we are meeting © 2016 WageWorks Inc. All rights reserved.

16 Transit Pass / Park-n-Ride Timing
Electing a Commuter Order Funding the benefit Elect/Change Deduction Plan with the City by the end of June Payroll Deductions commence on the next available pay date Payroll Deductions in July will be used to pay for your September pass Go to WageWorks site to register and order by August 10th First benefit month September 2016 – passes will be received in time for September 1st Adjust to the dates of the time we are meeting © 2016 WageWorks Inc. All rights reserved.

17 Key Calendar Dates for Passes
2016 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 July Aug Order Dead- line Sept First Benefit Month July 1 Pay Date July 15 Pay Date July 29 No Deduction August 4 Order Deadline MNRR / LIRR August 10 Order Deadline August Receive Pass Adjust to the dates of the time we are meeting © 2016 WageWorks Inc. All rights reserved.

18 © 2016 WageWorks Inc. All rights reserved.
Replacing a PMC Online 24/7 Phone 8:00 AM – 8:00 PM | Mon - Fri Walk-in 36 W 44th St., Suite 1202, New York, NY 10036 8:30 AM – 4:30 PM | Mon - Fri Key Points No fee for a replacement card No reimbursement for out of pocket expenses Photo ID required to access the Replacement Center A replacement card will be received at home in 3-4 days If you don’t receive your initial card by the 26th of the month, please contact WageWorks © 2016 WageWorks Inc. All rights reserved.

19 © 2016 WageWorks Inc. All rights reserved.
Monthly Admin Fees No Administrative Fee (fringe benefit) WageWorks Commuter Card – No Admin Fee Plan Premium TransitChek® MetroCard® (PMC) Access-A-Ride (for City, DoE and NYCHA employees only) $1.77 Administrative Fee WageWorks Commuter Card – Unrestricted Plan $3.05 Administrative Fee Transit Pass Park-N-Ride Access-A-Ride (for CUNY employees only) Fees are deducted from your pay once per month © 2016 WageWorks Inc. All rights reserved.

20 Highly Innovative Tech
Online portals, tools and multi-featured mobile app available 24/7 © 2016 WageWorks Inc. All rights reserved.

21 Employee Microsite

22 © 2016 WageWorks Inc. All rights reserved.
Online Portal Self-Service Capabilities Commuter Card & PMC Replacements Commuter Card Balances Easy to download commuter order history Real time alerts: Incomplete Commuter enrollments © 2016 WageWorks Inc. All rights reserved.

23 Registering on the WageWorks Site
Refer to media gallery to show the steps.

24 © 2016 WageWorks Inc. All rights reserved.
Benefits On the Go Updated user experience Parking claims supported on the app Pay My Provider Pay Me Back © 2016 WageWorks Inc. All rights reserved.

25 Frequently Asked Questions
© 2016 WageWorks Inc. All rights reserved.

26 Helping to Spread the Word
© 2016 WageWorks Inc. All rights reserved.

27 © 2016 WageWorks Inc. All rights reserved.
Updated Materials © 2016 WageWorks Inc. All rights reserved.

28 © 2016 WageWorks Inc. All rights reserved.
Updated Materials © 2016 WageWorks Inc. All rights reserved.

29 Media Gallery for Coordinators
One stop shop for all supportive communications materials © 2016 WageWorks Inc. All rights reserved.

30 Help Spread the Word Encourage your employees to enroll and begin saving money Send to your employees Hang posters in common areas Hand out flyers and include in new hire kits Use banners on any existing agency intranets Include cut & paste copy on agency newsletters, s, etc.

31 There’s No Reason NOT to Sign Up!
Save on taxes Get passes at home Pay for parking easily Enroll online Sign up, change, or cancel anytime © 2016 WageWorks Inc. All rights reserved.

32 Contact NYC OPA at transit@payroll.nyc.gov
© 2016 WageWorks Inc. All rights reserved.

33 © 2016 WageWorks Inc. All rights reserved.


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