City of New York February 2018 - PowerPoint Presentation

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City of New York February 2018 - PPT Presentation

Agenda 2016 WageWorks Inc All rights reserved 2 Commuting Options Account Funding WageWorks Site Helping to Spread the Word How much can you save on Transit 2016 WageWorks Inc All rights reserved ID: 682153

2016 wageworks reserved pay wageworks 2016 pay reserved rights transit card commuter ride plan order pass annual month access parking employees park

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Slide1

City of New York

February 2018Slide2

Agenda

Commuting Options

Account Funding

WageWorks

Site

Helping to Spread the WordSlide3

How much can you save on Transit?

Without

WageWorks

With

WageWorks

Gross annual pay (estimate)

$45,000.00

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

Estimated annual commuting

expenses ($121 x 12)

$1,452.00

Estimated tax rate

- 40

17,420.00

Final take-home pay

25,548.00

Final take-home pay

26,128.00

Take home this much

more: $580.00Slide4

What does this mean for employees?

New York City Transit

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-RideSlide5

How much can you save on

Transit & Parking?

Without

WageWorks

With

WageWorks

Gross annual pay (estimate)

$45,000.00

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

Estimated annual commuting

expenses ($520 x 12)

$6,240.00

Estimated tax rate

- 40

$15,504.00

Final take-home pay

$20,760.00

Final take-home pay

$23,256.00

Take home this much

more: $2,496.00Slide6

Commuting OptionsSlide7

Premium

TransitChek

® MetroCard®

WageWorks®

Commuter Card

Transit Passes

Access-A-Ride

Park-N-Ride

Commuting Options

7Slide8

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”.

Slide9

Premium TransitChek

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. Slide10

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

Slide11

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.Slide12

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 CardSlide13

Account FundingSlide14

How Commuter Funding Works

re-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 10

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.Slide15

Commuter Card Timing

Electing a Commuter Order

Funding the benefit

Access Your Funds

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.

Funds are available on your pay day.Slide16

Transit Pass / Park-n-Ride Timing

Electing a Commuter Order

Funding the benefit

First benefit month

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

August 10

September 2016 – passes will be received in time for September 1

stSlide17

Key Calendar Dates for Passes

2016

July

Aug

Order

Dead-

line

Sept

First Benefit Month

July 1

Pay

Date

July 15

Pay

Date

August 10

Order Deadline

August 22-26 Receive Pass

August 4

Order Deadline MNRR / LIRR

July 29

No DeductionSlide18

Replacing a PMC

Online 24/7

www.getwageworks.com/nyc

Phone

877.924.3967

8:00 AM – 8:00 PM | Mon - Fri

Walk-in

36 W 44

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 26

of the month, please contact WageWorksSlide19

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 monthSlide20

Online portals, tools and multi-featured mobile app available 24/7

Highly Innovative TechSlide21

Employee Microsite

www.getwageworks.com/nycSlide22

Online Portal

Self-Service Capabilities

Commuter Card & PMC Replacements

Commuter Card Balances

Easy to download commuter order history

Real time alerts: Incomplete Commuter

enrollmentsSlide23

Registering on the WageWorks Site

23Slide24

Benefits On the Go

Updated user experience

Parking claims supported on the app

Pay My Provider

Pay Me BackSlide25

Frequently Asked Questions

25Slide26

Helping to Spread the WordSlide27

Updated Materials

27Slide28

Updated Materials

28Slide29

Media Gallery for Coordinators

www.wageworks.com/nyc/media-gallery.aspxSlide30

Help Spread the Word

Encourage your employees to enroll and begin saving money

Send email 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, emails, etc.Slide31

There’s No Reason NOT to Sign Up!

Save on taxes

Get passes at home

Pay for parking easily

Enroll online

Contact NYC OPA at

transit@payroll.nyc.gov

Slide33

City of New York February 2018 - PowerPoint Presentation

City of New York February 2018 - PPT Presentation

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