Since 2009, the city of San Francisco has required businesses with locations within the city to provide an option for commuter benefits to their employees. One of the options available is a Transit Flexible Spending Account (FSA).
Effective September 2014, a new law will require employers with 50 or more employees located in the greater Bay Area to provide commuter benefits to their employees. The Bay Area is defined as including all of Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, and Santa Clara counties, as well as the western portion of Solano County (including Fairfield and points west) and the southern portion of Sonoma County (including Windsor and points south).
To meet this new requirement, the Transit Flexible Spending Account is again an option for employers. In addition, the Transit FSA may be not only the most cost effective – but also the easiest to manage – option. Learn more about Sterling’s Transit & Parking Benefits services or contact us today.
UPDATE 4/2/2014: Employers are now required to register for the Bay Area Commuter Benefits Program and can do so here.