NEWS
What Happens to Qualified Transportation Plan Balances Upon Termination of Employment?
A plan’s choices are limited by two rules that apply to all qualified transportation plans: the “no-former-employees” rule and the “no-refunds” rule.
A terminated employee can request reimbursement of qualified transportation expenses that were incurred or paid during employment, so long as the expenses are submitted before the end of the plan’s applicable run-out period.
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