Utah-based drivers for rideshare platform Lyft will have a new benefit beginning Jan. 1. Under a first-of-its-kind program administered by benefits technology company Stride, Lyft will contribute a market-leading 7 percent of eligible drivers’ quarterly earnings (including bonus but excluding tips) into the drivers’ Stride Save account for them to pay for benefits like health, dental and vision insurance; save for retirement; or cover paid time off. The one-year, opt-in program for Utah drivers is a first for the rideshare industry.
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