| Human
Resources Policies & Procedures Illinois Institute of Technology |
Policy No.
B. 18.00 Date of Issue 2/00 |
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Subject: Transit Reimbursement IIT offers a Transit Reimbursement Program that allows the employee to pay, on a before-tax basis, for transit passes and parking expenses associated with commuting to and from work.
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| 18.01 |
Eligibility (Refer to Policy B 1.00 for definitions)
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| 18.02 |
When Participation Begins
The employee must make a written election to participate prior to the 16th of any month to have deductions begin in the paycheck issued at the end of the same month.
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| 18.03 |
Plan Funding
The employee funds his/her individual transit reimbursement through payroll deduction on a pre-tax basis.
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| 18.04 |
Changing Coverage
Changes to deduction accounts must be submitted by the 16th of the month to have deduction amounts change in the paycheck issued at the end of that same month.
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| 18.05 |
When Participation Ends
To request termination of participation, submit a written request to the payroll office no later than the 16th of the month. Deductions will cease with the paycheck issued at the end of that same month, unless specified otherwise.
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| 18.06 |
Forms and Applications
The following forms are available in the Payroll Office:
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| 18.07 |
Important Contact Information
Consult Human Resources for further plan information.
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