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Winter Storm Hits Maryland, Part 3
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Metro Delays Planned Changes To Commuter Benefits
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AP
Metro is delaying planned changes to its SmartBenefits program -- to the relief of many participants.
The program allows employers to set aside money for commuting costs on Metro smart cards. In some cases, employers subsidize the costs, while in other cases, the employee's own pretax payroll dollars are set aside.
Metro had announced that because of an IRS requirement, money for transit and parking would be kept in separate accounts as of Jan. 1. And it said any unused benefits would be credited back to employers at the end of each month, instead of being rolled over.
That latter change upset many riders who feared they would end up losing money.
Metro is now asking the IRS for a one-year extension to implement the new rules so that employers can adjust.
(© 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
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