The transit benefit is an employer-sponsored program that allows full-time faculty and staff (working .80 FTE or greater) offers you the opportunity to set aside money from your paycheck on a pre-tax basis which you can use for eligible transit expenses.
You can elect up to $255 (subject to change based on IRS regulations) per month. Your transit election, by payroll deduction, is then added to your benefits debit MasterCard on a monthly basis. The debit card will allow you to purchase or fund your transit cards for the Chicago Transit Authority (Ventra), Pace, Metra, or Chicago Water Taxi.
The benefits debit card will provide services for all of your reimbursement accounts: Transit, FSA health care, and FSA dependent care. For more information, or to enroll, visit LoyolaExpress.com.