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Metro has asked the IRS for a one-year extension to allow employers to adjust to news SmartBenefits rules.
By Natalie Neumann
Metro is delaying planned changes to its SmartBenefits program to the relief of many participants.
The program lets employers set aside money for commuting costs on Metro smart cards. In some cases, employers subsidize the costs, while in others, the employee's own pretax payroll dollars are set aside.
Metro had announced that because of an IRS requirement, money for transit and parking would be kept in separate accounts as of January 1. And it said any unused benefits would be credited back to employers at the end of each month, instead of being rolled over. That change upset many riders who feared they would end up losing money.
Now Metro is asking the IRS for a one-year extension to implement the new rules so that employers can adjust.
NPR
Book News: Stephen King's New Bogeyman? Digital Publishing
Also: the legacy of Kierkegaard; the creator of Lyle Crocodile has died; Aussie airliner Qantas commissions flight-length books.NPR
Washington State Butcher Spikes Pig Feed With Weed
Despite its name, the "pot pig" experiment isn't an attempt to develop a new meaty treat for stoners. Instead, a Seattle butcher is feeding marijuana seeds, stems and root bulbs to swine as a cheeky money-saving measure.NPR
Fox News Reporter James Rosen Caught Up In Federal Probe
There is word of another controversial leak investigation by the Department of Justice. The target is Fox News reporter James Rosen, who was monitored by the department after breaking a story about North Korea's nuclear weapons program in 2009.NPR
Tumblr Users Urge New Owner Yahoo To Keep The Site Weird
When news of Yahoo's purchase of Tumblr first hit, Tumblr users took their reactions online. The posts were quirky and sharp with plenty of worry about the future.Leave a Comment
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