Payroll deductions

Information on parking, transit, and car benefits.

Participating in the Massachusetts Deferred Compensation SMART Plan may help provide a more comfortable and secure financial future. The Plan is established under the Internal Revenue Code Section 457 which allows eligible employees to save and invest before-tax dollars through salary deferrals.

Through DCAP, participants may pay on a pre-tax basis for qualified dependent care expenses such as day care, nursery schools and day camp.

Active employees can pay for non-covered health-related expenses on a pre-tax basis, reducing participants' federal and state income taxes.