Cook County, Illinois Selects WageWorks to Provide Commuter, Health Care and Dependent Care Benefits for County Employees.Business Editors SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. and CHICAGO--(BUSINESS WIRE)--January 7, 2003 Joins the Growing List of State and Local Governments Choosing Cost-Effective, Consumer-Friendly Employee Benefits Cook County, Illinois Cook County is a county located in the U.S. state of Illinois. As of 2000, the population was 5,376,741, making it the second largest county by population in the United States (after Los Angeles County, California), and accounting for 43. has selected WageWorks(R), a trusted national provider of employer-sponsored benefits and services, to deliver health care and dependent care spending accounts, in addition to implementing and administering a new pre-tax commuter transit and parking program. The vendor contract, approved by the Cook County Board of Commissioners The Cook County Board of Commissioners is a legislative body made up of 17 commissioners who are elected by district for four year terms. Cook County is in the northeastern section of Illinois and includes the city of Chicago. , is for a three-year period and makes WageWorks' services available to 26,000 eligible County and Forest Preserve District employees. Cook County is the second most populous county in the nation, with a population of approximately 5.4 million people. The 19th largest government in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Cook County contains 133 municipalities, the most well known being the city of Chicago where the central offices of the Cook County Board of Commissioners are located. WageWorks is the leading nationwide provider of employer-sponsored commuter benefits Commuter benefits is the common description of what the Internal Revenue Service calls "Qualified Transportation Fringe Benefits" (QTFB) or Section 132(f). The [IRS Final Regulations on Qualified Transportation Fringe Benefits] may be found at [1] services and is an innovator in health care and dependent care spending accounts, which allow employees to contribute a portion of before-tax income to pay for predictable health and dependent care services. Through WageWorks, employees can save up to 40% of out-of-pocket costs out-of-pocket costs Managed care Health care costs that a covered person must pay out of pocket–eg, coinsurance, deductibles, etc. See Copayment. for health care, wellness and dependent care, as well as for commuting services by utilizing pre-tax income. The state of Illinois, which has over 100,000 state employees, also selected WageWorks as its transit and parking benefits provider. WageWorks has been serving Illinois since June 2001. "WageWorks is pleased to serve a growing list of important state and local governments, including the state of Illinois, in addition to federal agencies through our agreement with the U.S. Department of Transportation," said Dan Corbett, WageWorks' vice president for partner relations. "Government organizations across the country are encouraging the private sector to adopt commuter benefits. Cook County is showing leadership on this important issue and serving as a role model for others," added Gordon Linton, WageWorks' vice president for business development and former head of the Federal Transit Administration The Federal Transit Administration (FTA) is an agency within the United States Department of Transportation (DOT) that provides financial and technical assistance to local public transit systems. The FTA is one of eleven modal administrations within the DOT. . About WageWorks WageWorks is a trusted national provider of employer-sponsored benefits and services, delivering health care spending accounts, dependent care spending accounts, commuter transit and parking programs for employees of corporate and government organizations. Through WageWorks, employees can save up to 40% of out-of-pocket costs for health care, wellness and dependent care, and commuting services by utilizing pre-tax income. WageWorks delivers a complete solution for employers, reducing their involvement in plan administration and lowering costs, while improving plan participation and value for the employees. Customers include Ernst & Young LLP LLP - Lower Layer Protocol , Nordstrom, Pitney Bowes, state of Illinois and the Smithsonian Institution among many others. WageWorks is headquartered in San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. , with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Washington D.C. and Chicago. For more information, please visit the Web site at www.wageworks.com, email WageWorks at sales@wageworks.com, or call 866-602-3887. |
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