Lam’s commuter benefits can help you save on eligible commuting costs, including public transportation and parking expenses. The amount you designate is withdrawn from your paycheck before taxes are deducted, which reduces your taxable income. Plus, Lam covers 50% of your monthly commuting costs up to $120.
What You Need to Know
- Qualified public transit includes train, light rail, bus, ferry, or vanpool. Eligible parking includes parking you pay for at work or where you access public transit.
- Lam will automatically pay up to 50% of your combined public transit and parking order, up to $120 per month.
- You may contribute up to $270 pretax for transit and up to $270 pretax for parking.
- You may contribute more after tax if necessary to make a larger transit or parking purchase.
- Orders must be placed by 8:59 p.m. PT on the 10th of the month for the next month’s benefit, so be sure to plan ahead.
- You may place a recurring monthly order with Optum Financial.
- As applicable, you may use a transit smart card (e.g., Clipper) or a rechargeable Optum Financial debit card to pay for eligible commuting costs.
CYC Is Now Optum Financial
The name has changed, but your benefits remain the same.
What You Need to Do
- If this is your first commuter order with Optum Financial, register for the commuter benefits portal within the Optum Financial site.
- Visit connectyourcare.com/lamresearch, and click LOG IN / SIGN UP.
- Select New User Registration at the bottom of the login page.
- Do not enter any information on the New User Registration page; instead, click Access Commuter Benefits just above the “I’m not a robot” verification box.
- Enter the requested information on the Access Commuter Benefits page, and click Submit Information.
- Select Let’s get started from your personal account page.
- Place your transit order from the commuter portal.