Schneider National initiates per diem pay package
Feb 1, 2006 12:00 PM
Schneider National Inc has implemented a new per diem pay package option effective Jan 1, 2006. Under the program, Schneider will reimburse eligible company drivers based on a portion of their mileage rate, tax-free, for each night spent away from home, lowering taxable income and increasing take-home pay.
Per diem is defined as a “per day allowance” for daily expenses. Specifically, the program benefits Schneider company drivers handling mileage-based work. For each night “away from home” — a 24-hour period as defined by the Internal Revenue Service — drivers are reimbursed up to $52 tax-free. Schneider can offer this option to its fleet because over-the-road driving has a high frequency of time away from home.
Approximately 60% to 70% of Schneider's drivers will qualify for the program.
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