COMMONWEALTH OF PENNSLYVANIA COMMUTER BENEFITS PROGRAM

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COMMONWEALTH OF PENNSLYVANIA COMMUTER BENEFITS
PROGRAM
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Agenda

• Introduction to the Commonwealths Commuter
  Benefits Program
• Overview of Commuter Benefits
• TransitCenter Solutions Products and Services
• How the Program Works
• How You Can Enroll

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• Introducing the
• Commonwealth of Pennsylvanias Commuter Benefits
  Program
• A Great Way for You to Save Money

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Commonwealths Commuter Benefits Program

• With the Commonwealths Commuter Benefits
  Program, you can take home more of what you earn!
• Thanks to a special provision in Federal law,
  Internal Revenue Code Section 132 (f), you can
  save money every time you commute by public
  transportation
• Whether you take a bus, train, subway or
  qualified vanpool you can save money every time
  you commute
• And, if you currently drive to work, consider
  using public transportation as a less expensive
  alternative to paying for fuel and parking

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Commonwealths Commuter Benefits Program

• When you enroll in the Commuter Benefits Program,
  you will be able to use your pre-tax salary to
  pay for commuting costs
• That means you will pay less in taxes and take
  home more of what you earn
• Set aside up to 110 per month/1,320 per year
  to pay for your commute
• Amount can change annually this is the amount
  for 2007.

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Take Home More Of What You Earn

• Heres an example of how much you can save
• The columns show the difference in take home pay
  with and without deductions for Federal Income
  Tax, Social Security, and Medicare
• In this example, 23 is saved each month

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Commonwealths Commuter Benefits Program

• Its a win/win!
• You win by
• Using pre-tax dollars to pay for commuting
  expenses which saves money
• Receiving convenient transit products to pay for
  commuting costs
• The environment wins with
• Reduced traffic congestion
• Improved air quality

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Available Transit Providers

• There are approximately 70 transit providers
  serving Pennsylvania
• Bus
• Train
• Subway
• Qualified Vanpool
• For a complete list of providers, visit the
  website or contact your Human Resource Office

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Product Overview

• Based on the transit provider you use, you will
  receive one of the following transit products to
  pay for your commuting costs
• TransitChek QuickPay Card
• TransitChek Vouchers
• TransitChek CashBack
• Each product is explained further on the next
  slides

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What is the TransitChek QuickPay Card?

• Visa Debit Card issued by Bank of America
• Designed to be IRS compliant for mass transit
• No annual or transaction fees
• 24/7 access to account information
• No monthly usage limit
• No transaction limit
• Funds rollover month-to-month
• Quarterly Statements
• Card is funded on the 23rd of the month

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What are TransitChek Vouchers?

• Like cash
• Used to buy tickets and transit passes
• Used for qualified vanpools
• Accepted in Pennsylvania and New Jersey
• Vouchers are received by mail before the end of
  each month

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What is TransitChek CashBack?

• Used when the QuickPay Card and Vouchers are not
  accepted by the transit provider
• Cash reimbursement for transit expenses
• Employees submit CashBack Reimbursement form with
  receipts
• Reimbursements directly deposited into employees
  checking or savings account within 2 weeks

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Tools Available

• Additional information, including a brochure,
  Frequently Asked Questions, and contact
  information is available on the Commuter Benefits
  Website or by contacting your Human Resource
  Office

www.transitcenter.com/pacommuterbenefits.aspx
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How the Program Works

• You sign-up for a monthly pre-tax payroll
  deduction equal to, but not more than the 110
  maximum. (Under some circumstances, post-tax
  deductions may also be taken for expenses above
  110.)
• The payroll deduction is automatically taken from
  your pre-tax salary on the first pay of the
  month. In addition, a small monthly
  administration fee of 3.25 is taken from
  post-tax salary
• The transit benefit product is made available to
  you by the end of the month in which the
  deduction is made from your pay
• You use the product for expenses in the next
  month. (Note This is an after-the-fact
  benefit, since deductions are taken in one month
  and used the next month.)

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Employee Enrollment How do you enroll?

• Enrollment is easy and takes just a few minutes
• There are two ways an employee can enroll
• Complete an Enrollment Form available on the
  website or from your Human Resource Office and
  mail or fax as directed on the form
• Or, Call our toll-free number, 1-866-591-2435 to
  speak with an enrollment technician

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Employee Enrollment What Will You Need to
Enroll?

• When enrolling, employees will be asked to
  provide
• Employee Personnel Number
• Last name as it appears in employee records
• Home zip code
• The names of all the transit and/or vanpool
  services regularly used
• Monthly mass transit or vanpool cost

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Employee Enrollment Enrollment Form

• Completed forms should be faxed or mailed to
  TransitCenter at the number or address provided
  at the bottom of the form

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Customer Service Available

• Customer service available from 830am to 530pm
  Monday through Friday (EST) 1(866)823-3248
• Bi-Lingual Customer Service Representatives
• 24/7 access to TransitCenter website
• Employees may also refer questions to their Human
  Resource Office

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On-Site Customer Service Available

• Onsite enrollment will be offered for any
  employee who has questions before enrolling.
  Depending on the popularity of this service,
  additional dates may be added in January
• Dec. 12 Keystone Bldg. Atrium Strawberry
  Square Atrium
• Dec. 13 Pittsburgh State Office Building
• Dec. 14 Scranton State Office Building
• Dec. 19 Philadelphia State Office Building
• Dec. 20 Reading State Office Building
• The service will be provided from 800 to 300 on
  each day

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Whats next?

• Why wait to save money?
• Initial Enrollment begins December 11th and
  continues through January 12, 2007
• First payroll deduction will be made in February.
• Transit benefit product available for use in
  March.
• Enroll on or before the 9th of any month after
  the initial enrollment period ends for new
  enrollments or changes to existing enrollments