A Program that
The Ventra Transit Benefits Program is an employee benefit program administered by employers - big and small. It allows employees to set aside pre-tax income - up to $300 per month - for travel on CTA, Pace and Metra, lowering their taxes and easing their commute.
The State of Illinois passed a law known as the Transit Benefits Program Act that requires some employers to offer their employees a pre-tax transit benefit. This means businesses with more than 50 full-time employees, located within a mile of fixed-route transit service inside the six-county RTA region, are required to offer employees the opportunity to make a monthly pre-tax payroll deduction for transit expenses. New hires will be eligible after 120 days of employment.
This Act goes into effect January 1, 2024. Employers can comply with this requirement by enrolling in the no-cost Ventra Transit Benefits Program. Read on to learn more.