Last month we were shocked and appalled to hear about the impending changes to the SmartBenefits program. Many folks were outraged at the fact of leftover funds being returned to their employers...rightfully so. Well ladies and gentlemen, rest at ease (for now).
Last night at the budget forum, John Catoe addressed this issue. The conversion of the Smartbenefits program to the new IRS-compliant system has been delayed. An extra year was given for WMATA to come up with a better solution than what was proposed (the three purse system). So rest assured that the SmartBenefits system will remain in its current state at least through the year of 2010. Catoe informed us that this decision was reached on Tuesday, November 17th.
5 comments:
Woohoo!!! Thanks so much for following up :D
Great news! Now I just have to convince my HR dept since they've gotten no official word on this from Metro, surprise surprise.
here's to another year of evading taxes on my leftover $2.35
Wapo scooped you..
good stuff!!
http://voices.washingtonpost.com/getthere/2009/11/metro_to_postpone_smartbenefit.html?hpid=newswell
Thank so much for this info! I administer this plan and we were planning to drop out of the mess for 2010.
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