Calculate your Monthly Deductions:
Payroll deductions are taken only 20 pay periods per year (pay periods 5 through 24). There are no deductions taken from your pay for pay periods 25, 26, and 1-4 (summer months) and therefore no benefit is provided for non-deducted pay periods. If you are in need of a transit benefit year-round, then you should increase your deduction during the 20 pay periods to allow you to accumulate funds during the year for use during summer months when there is no deduction or benefit. Deductions are taken from your pay bi-weekly, but the transit benefit is issued monthly (i.e. if you elect $200, you will receive $100 per two pay periods). Since we only transfer whole dollars, please elect an even whole number to avoid truncation.
The below calculation is for your reference only. You will need to re-enter it in your profile once you have been added to the system.