Edenred Commuter Benefit Solutions Thanks Congressman McGovern for His Efforts in Congress, Saving Commuters Hundreds of Doll...
March 11 2016 - 1:17PM
Business Wire
Yesterday, Congressman Jim McGovern (D-MA) rode from Worcester
to Boston to highlight a permanent increase in the commuter tax
benefit for mass transit riders that was included in a bipartisan
multi-year tax package signed into law in December 2015.
Joining Congressman McGovern was MassDOT Secretary and CEO
Stephanie Pollack, MBTA General Manager Frank DePaola, Association
for Commuter Transportation (ACT) Executive Director David Straus,
and Edenred COO Meltem Korkmazel as well as leaders
from T4Mass, ABC TMA, Charles River
TMA and MassCommute.
Without congressional action, the cost for those who use the
transit benefit would have practically doubled in 2015, leaving
families and commuters with up to $1,440 a year in additional tax
burden.
“Thanks to the efforts of Representative McGovern, the cap on
the transit benefit has increased to $255 per month. Now both
parking and transit caps are equal. This increase will help transit
riders save even more on their commutes each year,” said Meltem
Korkmazel, Chief Operating Officer at Commuter Benefit
Solutions.
Congressman McGovern has long championed commuter benefit
parity, introducing legislation, playing a key role getting it
included in the American Recovery and Reinvestment Act, and
fighting to extend and make it permanent.
About Commuter Benefit Solutions by EdenredEdenred
Commuter Benefit Solutions is the nation’s only comprehensive
commuter benefit solutions provider and number one resource for
commuter savings. Since 1985, Edenred has served Fortune 100 and
Fortune 500 companies, top third party benefit administrators and
the nation’s largest metropolitan area transit authorities. With
its premier solution offerings; Commuter Check, a nationwide
commuter benefits program for employers; and WiredCommute, a
private label program for third party administrators, Edenred is
able to provide a one-stop total solution experience. Edenred’s
mission is to make tax-free commuter benefits a staple in employee
benefits packages nationwide.
About EdenredEdenred, which invented the Ticket
Restaurant® meal voucher and is the world leader in prepaid
corporate services, designs and manages solutions that improve the
efficiency of organizations and purchasing power to
individuals.
By ensuring that allocated funds are used specifically as
intended, these solutions enable companies to more effectively
manage their:
- Employee benefits (Ticket Restaurant®,
Ticket Alimentación, Ticket CESU, Childcare Vouchers, etc.)
- Expense management process (Ticket Car,
Ticket Clean Way, Repom, etc.)
- Incentive and rewards programs (Ticket
Compliments, Ticket Kadéos, etc.)
The Group also supports public institutions in managing their
social programs.
Listed on the Euronext Paris stock exchange, Edenred operates in
42 countries, with more than 6,000 employees, nearly 660,000
companies and public sector clients, 1.4 million affiliated
merchants and 41 million beneficiaries. In 2014, total issue volume
amounted to €17.7 billion, of which almost 60% was generated in
emerging markets.
Ticket Restaurant® and all other tradenames of Edenred products
and services are registered trademarks of Edenred SA.
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version on businesswire.com: http://www.businesswire.com/news/home/20160311005849/en/
For EdenredKerrie LePage, 857-228-1422Media
relationskerrie.lepage@commuterbenefits.com
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