Discounted monthly or yearly passes are available from Transfort in Fort Collins, The Bus in Greeley and the COLT system in Loveland. If you lease parking space, you might even save money by offering a transit incentive. Either way, you both win. Your employees will receive savings advantages similar to other salary reduction plans such as contributions to medical or retirement plans but without the complicated plan forms, rules or filings. And your tax obligations for each participating employee will decrease.
Employees can deduct their own pre-tax income to pay any difference.
You now have the opportunity to join other Northern Colorado employers in offering this valuable benefit to your employees. Conduct an employee commuting survey. Implement alternative transportation program. Easy Things You Can Do Have transit schedules, rideshare and GRH program information available to employees. Just having bus information at the work site can be a tremendous help to employees, even to those who do not use transit regularly.