CBG Benefits

The CBG Benefits Blog

New NYC Law Requires Certain Employers to Provide Pre-Tax Transportation Benefits

Effective January 1, 2016, a new local law in New York City will require most employers with 20 or more full-time employees to offer full-time employees the opportunity to use pre-tax earnings to purchase qualified transportation fringe benefits — other than qualified parking — in accordance with federal law.

Under this law, a “full-time employee” is defined as an employee who works an average of 30 hours or more per week for such period of time as established by rule.

To learn more about this law, including exceptions, potential penalties, and more, click here.

 

Pin It    

Posted in: Benefits and Insurance, Human Resources, Legislation

Leave a Comment: (0) →