RVTD offers two bus pass programs for employers, making it easy to provide transit access to an entire population at a substantial discount.
With the U-Pass, the monthly price of bus fare is $3.85 per employee for companies that buy the pass for all of their employees. That’s 93% less than the cost of a regular monthly bus pass (normally $56), based on the likelihood that not all employees will ride the bus. Schools can participate for just $1.95 per student per month. We ask for a minimum of 10 employees or students for participation in the U-Pass program.
Fare Share program
The Fare Share option lets employers and schools share the cost of transit access with their employees or students, with a major discount for both. For just $0.45 per person per month, a company or school can provide access to greatly reduced transit fare. Like the U-Pass, this monthly fee applies to each person, regardless of whether they use transit. Employees of participating organizations can buy a monthly transit pass for just $10, rather than the normal rate of $56. For students, a monthly pass costs just $5 per month. We ask for a minimum of 100 employees or students for participation in the Fare Share program.
Benefits of Discounted Employer Bus Passes:
- Attract and retain quality employees.
- Reduce absenteeism.
- Boosts wages by lowering employee transportation costs.
- Reduces parking demand.
- Reduce company’s carbon footprint.
- Enhance company reputation.
- Tax savings for employers.*
*Section 132(f) of the Internal Revenue Code allows employers to provide tax-free benefits to employees related to transit. These Qualified Transportation Fringe Benefits are commonly referred to as commuter benefits. Businesses may deduct the administrative cost of these employer-paid benefits from their gross income for purposes of taxation. Both the employer and employees save on taxes since they do not pay federal income or payroll taxes on these benefits. To learn more about Qualified Transportation Benefits visit our Commute Services page.
Visit our Commute Services page for more information about the services we offer to Employers and Employees.