Sunday, November 13, 2011

Additional Post in Regards to Holidays and possible change to commuter benefits

Mass Transit is known for advertising many products on subway carts, buses, billboards etc for Holiday specials. These advertisements and promotions during holidays persuade consumers to shop, shop, and shop.  Most important Transit Center main concern after the holiday is for its commuters to get back in to managing their finances because the holidays can put a whole in your pocket.

Since we are going into holidays and a lot of money will be spent throughout the holidays, savings is crucial! However the benefits for up coming year is in jeopardy for commuters in NYC The monthly transit $230 benefit cap is set to be cut nearly in half to $125 a month at the end of 2011. Which would then gives commuters less leeway  – unless Congress acts to extend it. The Commuter Benefits Equity Act of 2011, which is a regulation for a common cost-of-living adjustment, and for other purposes. Senator Schumer understands New York commuters are challenged in this economic environment and transit operators are under pressure to reduce budget gaps. Tax-free commuter benefits help keep riders on board when fares go up because participants continue to save. Through TransitChek they lessen the commuting costs by offering employees the opportunity to save hundreds of dollars each year. So with the help of commuters expressing this to congress and Mr. Schumer continue support, Transit Center can continue to offer these great benefits. 

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