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BJC's transit subsidy sees 900% increase since Jan. 1

BJC's transit subsidy sees 900% increase since Jan. 1

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PostMar 04, 2005#1

BJC's transit subsidy sees 900% increase since Jan. 1



Barnes-Jewish and St. Louis Children's Hospitals have seen a 900 percent increase in the number of its employees taking advantage of a transportation subsidy since the program launched Jan. 1.



As of last month, the hospitals had 758 employees registered for a $20 monthly subsidy toward a $50 monthly transit pass for MetroLink and MetroBus. Employees can have the remaining cost deducted from their gross pay, saving on payroll taxes and making the monthly pass cost less than $30.



In December, a month before the program launched, about 75 workers signed up for the program.



Barnes-Jewish Hospital and Children's Hospital are part of St. Louis-based BJC HealthCare, the area's largest employer with more than 21,000 employees. It is affiliated with Washington University School of Medicine and operates 12 other hospitals in the area.







? 2005 American City Business Journals Inc.

http://stlouis.bizjournals.com/stlouis/ ... ily77.html

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PostMar 05, 2005#2

Thanks for posting this, Matguy.



Question: Can you tell me whether this is a MetroLink (publicly) sponsored program, or one initiated by Barnes Jewish?

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PostMar 05, 2005#3

Just for an additional comment, the Illinois side also has programs such as that. I know Southwestern Illinois College has a program like that, as does Scott AFB (largest employer on the east side).

PostMar 05, 2005#4

bencharif wrote:Thanks for posting this, Matguy.



Question: Can you tell me whether this is a MetroLink (publicly) sponsored program, or one initiated by Barnes Jewish?


Metrolink sponsored, I believe.

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PostMar 05, 2005#5

I believe it was a union and joint effort to make it available, but like Xing posted, it is almost completely funded through METRO.

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PostMar 05, 2005#6

Thanks, both, for that fast response.

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PostJul 04, 2005#7

Metro does not reduce the cost for passes - i.e. this program is not publicly funded. It is funded by the employers. Even if employers choose not to subsidize transit, however, they can still benefit by offering passes on a pre-tax basis. The employee benefits by not having transit expense counted as taxable income (~ $600 per year), and the employer likewise doesn't have to pay payroll taxes on that amount. Usually a third-party company handles the logistics. One is www.wageworks.com