ADVISORY/NYC Council to Consider New Legislation Which Could Save Employees Over 1/2 Billion Dollars.

City Desks/Transportation Writers

ADVISORY...for Monday (Nov. 24)

--(BUSINESS WIRE)

Former CEO of U.S. Federal Transit Administration to Testify 

on Expansive Transit Benefit Legislation

    WHO: Gordon Linton, the longest serving CEO of the U.S. Federal
         Transit Administration, is scheduled to appear before the New
         York City Council on November 24 at 10:00 a.m. EST to testify
         on a bill sponsored by the speaker of the City Council,
         Gifford Miller. Linton is currently a senior advisor and vice
         president of business development for WageWorks
         (www.wageworks.com).

    WHAT: The bill in question will require New York City businesses
          with 50 or more employees to offer pre-tax transit benefit
          programs. These programs, already offered by more than 9,000
          New York area companies, could save NYC businesses over
          $62 million in payroll taxes and New York commuters over
          $588 million in personal tax savings each year according to
          the bill's sponsors. It is estimated that each participant
          could save $300 per year.

          New York City has the largest transit ridership in the
          country, and this is the most expansive act by a city
          government to mandate a transit benefit.. If the bill
          passes, other major cities are likely to follow.

    OTHER: In addition to his position at WageWorks, Linton serves as
           a VP with the WageWorks Center for Commuter Studies. The
           Center recently released its first-ever commuter survey,
           which highlights commuter insights, behaviors and
           preferences of New York City commuters among others. (Other
           markets include Washington, D.C., Chicago, Los Angeles and
           San Francisco.)

    MEDIA: The City Council hearing is open to the public. For more
           information or to schedule an interview with Gordon Linton
           to learn more about why pre-tax commuter benefit programs
           make sense for NYC employees, contact us to reserve time on
           his schedule. Linton is also available to discuss the
           survey.