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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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South west London bus controllers at Transport UK accept pay rise

Employee Benefits

Bus controllers employed by Transport UK in south west London have accepted a pay rise following strike action. Transport UK was contacted for comment prior to publication. The post South west London bus controllers at Transport UK accept pay rise appeared first on Employee Benefits.

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Transport for Wales introduces free period products for staff

Employee Benefits

Transport for Wales has introduced access to free sustainable period products in all its stations and offices for menstruating employees. Marie Daly, chief customer and culture officer at Transport for Wales, said: “We’re delighted to partner with TOTM to support menstrual wellbeing at work.

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Luxury Car Transporter Pays $455K for Misclassifying Drivers

Workers' Compensation

a luxury car transporter, was found to have incorrectly classified eight of its drivers as independent contractors when they should have been categorized as employees under New Jersey labor laws. Luxury Car Transporter Pays $455K for Misclassifying Drivers, www.gelmans.com (08/05/2024) [link]. Horseless Carriage Carrier, Inc. ,

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Department for Transport reports 10.7% mean gender pay gap

Employee Benefits

Credit: William Barton / Shutterstock.com The Department for Transport (DFT Group) has reported a 10.7% Dame Bernadette Kelly DCB and Jo Shanmugalingam, permanent secretaries at the Department for Transport, said: “Our pay awards cover the whole DFT Group. The post Department for Transport reports 10.7% respectively.

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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%