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IRS Announces 2024 COLAs for Transportation Fringes, FSA Deferrals

PayrollOrg

The IRS released cost-of-living-adjustments (COLAs) for 2024 reflecting any increases in excludable transportation fringes and flexible spending arrangements (FSAs).

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IRS Releases Annual Increases to Health FSA and Transportation Fringe Benefit Limits for 2024

Proskauer's Employee Benefits & Executive Compensa

On November 9th, the IRS announced additional inflation adjustments for 2024, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. The new limits are set forth below.

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First Manchester and Greater Manchester Accessible Transport drivers accept pay rises

Employee Benefits

Bus drivers employed by First Manchester and Greater Manchester Accessible Transport have accepted improved pay deals , ending the threat of strike action. Greater Manchester Accessible Transport has also committed to signing up to the Greater Manchester Good Employment Charter. increase from September and a further 3.2%

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Unpacking the New Chicago Transportation Benefits Program Act

Benefit Resource Inc.

Signed into law on July 28, 2023, a new Illinois commuter ordinance, Transportation Benefits Program Act , has been put into effect, aiming to enhance commuter benefits and promote sustainable transportation options for employees. The ordinance emphasizes the use of public transportation, carpooling, etc.,

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British Transport Police reports 5.74% mean gender pay gap

Employee Benefits

Credit: William Barton / Shutterstock.com British Transport Police published its 2022 ethnicity and gender pay gaps , reporting a mean average gender gap in hourly pay of 5.74%. The post British Transport Police reports 5.74% mean gender pay gap appeared first on Employee Benefits. and £18.71, respectively. and £16.85.

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How Reward Gateway transformed the Employee Discounts Experience for Transport for London (TfL)

Employee Benefits

Transport for London (TfL) is the integrated transport authority responsible for meeting the mayor’s strategy and commitments on transport in London, and employs a workforce of more than 26,000. Click here discover more about Transport for London’s employee discounts journey.

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Transport for London and Monzo recognised as family-friendly tech employers

Employee Benefits

Transport for London, Monzo and Goldman Sachs have been named among those technology businesses which offer their workforces the strongest maternity, paternity and family-friendly policies. The post Transport for London and Monzo recognised as family-friendly tech employers appeared first on Employee Benefits.