Employers Council on Flexible Compensation Board Chair, Dennis Triplett, Provides Statement on S. 1813: The Surface Transport...
March 15 2012 - 10:38AM
Business Wire
Dennis Triplett, Board Chair of The Employers Council on
Flexible Compensation (ECFC), issued the followed statement today
on Senate passage of S. 1813, the Surface Transportation Bill:
“We applaud yesterday’s passage of the Surface Transportation
Bill in the Senate, which includes a provision related to
tax-advantaged transit benefits. At the beginning of 2012, the
transit benefit fell to $125 per month, while the parking benefit
increased to $240 per month. The bill’s provision restores parity
between the transit and parking benefits at $240 per month for
2012. ECFC specifically wants to thank Senator Schumer for his hard
work and dedication to addressing this issue. During this time of
economic recovery and rising gas prices, the transit benefit is
more important than ever. We are pleased with the Senate’s action
and urge the House to quickly follow suit.”
About Employers Council on Flexible
Compensation
ECFC is a membership association dedicated to maintaining
and expanding private employee benefit programs on a tax-advantaged
basis. ECFC’s more than 100 members include employers who sponsor
employee benefit plans as well as insurance, accounting,
consulting, and actuarial companies that design or administer
employee benefit plans throughout the nation.