The new Illinois Transportation Benefits Program Act (HB 2068; P.A. 103-291) aims to promote the commuter benefits available to employees who use public transportation to commute to and from work. Beginning January 1, 2024, certain employers located within designated Illinois counties and townships will be required to provide employees a "pre-tax commuter benefit."
Illinois Enacts Pre-Tax Commuter Benefits Requirement
Jackson Lewis | Sep 2023
Effective date: 1/1/24
Text of the measure.
Articles
The act requires covered employers to provide a commuter benefit to all full-time employees, beginning on with the first full pay period after 120 days of employment. "Full-time" means working at least thirty-five hours per week and receiving compensation on a full-time basis.
Illinois Employers Required to Provide Public Transit Benefits in 2024
Ogletree | Sep 2023
Employers are covered by the law if they employ at least 50 workers within one mile of fixed-route transit in Cook County or 37 townships listed in the law. The program covers all full-time employees who work an average of at least 35 hours per week.
Illinois Enacts New Transit Pass Program: What Employers Need to Know
Horton | Aug 2023
The Transportation Benefits Program Act does not mandate that employers offer a pre-tax benefit for employees who incur parking expenses to get to and from work. Employers may optionally offer a pre-tax parking benefit. Employers who offer a pre-tax parking benefit may allow employees to pay for up to $300 per month (adjusted for inflation) in parking expenses with pre-tax dollars.
Illinois Mandates Commuter Benefits in Chicago Metro Area Effective 1/1/24
Flex Benefit Service | Aug 2023
The average participant in the RTA Transit Benefit Fare Program saves up to 40% on the cost of their commute. These benefits can come in the form of either a reloadable prepaid card or loaded directly to an existing Ventra or Pace Vanpool account. While not required by the legislation, riders with an existing transit benefits account may also purchase parking at any CTA, Metra, or Pace Park & Ride station, as well as other qualified parking garages.
Legislation expands Transit Benefit Program to workplaces across the Chicago region
Regional Transportation Authority | Aug 2023
Related Content
As artificial intelligence technology continues to develop, the demand for workers with the ability to work alongside and manage AI systems will increase. This means that workers who are not able to adapt and learn these new skills will be left behind in the job market.
A vast majority of U.S. professionals say students entering the workforce should have experience using AI and be prepared to use it in the workplace, and they expect higher education to play a critical role in that preparation.
Advertisement
An organization run by AI is not a futuristic concept. Such technology is already a part of many workplaces and will continue to shape the labor market and HR. Here's how employers and employees can successfully manage generative AI and other AI-powered systems.
Advertisement