Citi Benefits Handbook
Cash Reimbursement Option
The cash reimbursement option for parking expenses is a solution intended to cover situations when you are unable to participate in the TRIP Parking Account using the parking voucher, the parking debit card or the pay-the-provider-directly option. This may work for you if you pay for your parking on a quarterly basis or a year in advance. To be reimbursed in cash, you must submit a claim for eligible expenses online on the CYC website, or you can submit a paper claim to CYC. Be sure to include your itemized receipts with the claim. Receipts must include the company name, dates of service and the amount paid. If using a check for documentation, you must include the front and back of the bank-cleared check, the check must be payable to a valid parking company, and the memo line should include the dates covered by the payment. Valid parking companies will include municipal parking.
Generally, you will have until June 30 following the year in which you incur an eligible expense to file and resolve a claim for reimbursement. In order for a claim to be deemed an eligible expense to be reimbursed, you must provide any pertinent documentation to establish that a claim is eligible for reimbursement. All such documentation must be submitted and the claim must be resolved by the June 30 deadline to avoid forfeiture of the funds for the cash reimbursement option. After June 30, claims for the prior year (January 1 to December 31) will not be accepted. Any remaining money in the cash reimbursement account will be rolled over and available for use in the current year only. For example, any TRIP Parking Cash Reimbursement claims incurred from January 1, 2020, through December 31, 2020, can be reimbursed with 2020 contributions up until June 30, 2021. Any unused 2020 contributions will roll over and can be applied to TRIP Parking Cash Reimbursement claims incurred in 2021.
For more information about the cash reimbursement option, see the Transportation Reimbursement Incentive Program claim form or visit the CYC website through My Total Compensation and Benefits at www.totalcomponline.com, available from the Citi intranet and the Internet.