Changes in SMU employee parking rates take effect for payroll-deduction plans beginning in August 2015
SMU faculty and staff members enrolled in the University’s Pre-tax Parking Deduction Plan will see an increase in their payroll deductions for parking after their permits are renewed in August 2015.
Payroll deductions for employees paid biweekly will increase from $12 to $14 each pay period beginning with the August 14, 2015 pay date. Payroll deductions for employees paid monthly will increase from $26 to $28 monthly beginning with the August 31, 2015 pay date. The payroll deduction amount will change automatically; no action on your part is required.
Parking rates for SMU employees changed effective June 1, 2015. However, annual employee parking permits expire on August 1 of each year, and the existing rates have carried over for the past two months.
You may change your election to participate in the SMU Pre-tax Parking Plan at any time. Complete and submit a SMU Pre-tax Parking Deduction Election Authorization form to the Parking and ID Card Services Office and return your current parking permit. The change will become effective on the first of the month following your change in election, subject to processing timelines established by the SMU Payroll Office.
Find a Pre-tax Parking Deduction Election Authorization on the SMU Parking and ID Card Services website: smu.edu/parking.