Number
090759
Version
Original
Reference
Sponsor
THE CHAIR
Title
Resolution authorizing the Department of Employee Relations to establish a Section 132 Plan for the Commuter Value Pass to provide pre-tax deductions for employees.
BODY
Whereas, 328 employees currently participate in the Commuter Value Pass and have a deduction of $30.50 per month for a monthly bus pass; and
Whereas, The City also currently contributes $30.50 for each bus pass, with a 2010 budget of $130,000; and
Whereas, The IRS allows Mass transit expenses to be reimbursed from a Section 132 Plan; and
Whereas, The City has a Section 132 Mass Transit Plan established with ProcessWorks for Parking; and
Whereas, The City desires to provide the Commuter Value Pass through a Section 132 pre-tax program; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Department of Employee Relations is authorized to establish a Section 132 Commuter Value Pass pre-tax program for City employees.
Drafter
DER
MB
10/1/09