Pay Roll Deduction
All regular and contingent II faculty and staff employed at least 50% of
fulltime are eligible to participate in the payroll deduction process. The
payroll deduction program qualifies as a pretax benefit, which reduces the
amount of taxable income and the amount of Federal, MD State income tax, and
FICA withholdings (Social Security and Medicare). Your actual tax savings
will vary, depending primarily on the amount of the parking deduction and
your tax bracket.
Employees paid on an hourly basis, daily, or contractual are not eligible
to participate in the program. Those not eligible to participate in the payroll
deduction program must pay by cash, check or credit card. Under this
arrangement, parking will not be a pretax benefit.
Permits purchased through payroll deduction:
Parking Services will handle the purchase and distribution of permits
for all employees. Payroll deduction will automatically continue from
year to year unless terminated by the employee.
There is an open enrollment period every August for eligible
employees who wish to enroll in the parking payroll deduction. The open
enrollment period will be announced in Insights. Anyone wishing to terminate
their participation in the payroll deduction program due to termination,
payment in full for permit or a new parking location, must submit a
cancellation form available at Parking Services and return the permit
and gate card if applicable.
participants in the payroll deductions program must complete a payroll
deduction form and obtain their permit and gate card (if applicable) from
Payroll deduction forms will be accepted for new employees only within
two weeks of their hire date until February 17, 2014. New employees
must provide “Certification of Eligibility for Faculty/Staff UMBC Campus
Card and Parking Permit” which is available from Human Resources. Anyone
purchasing a parking permit after February 17, 2014 will be required
to pay by cash, check, or credit card only. For additional information
regarding the parking payroll deduction program, contact Parking Services
in the payroll deduction program will have their permits automatically
renewed each year and sent to their department.
will not be issued on permits.
Separation Of Employment From UMBC:
Faculty/staff permits and/ or gate visor cards must be returned to Parking
Services upon separation of employment at UMBC. Employees who purchase permits through the
payroll deduction program must complete and sign a cancellation form
available at Parking Services.