(1) Every Covered Employer shall make available to all of its Covered Employees at least one (1) of the following employee commuter transit benefit programs:
(a) Election of a pre-tax, payroll deduction for Mass Transit Expense or Qualified Bicycle Expenses, consistent with the Internal Revenue Code at benefit levels at least equal to the maximum amount that may be deducted for such programs pursuant to the Internal Revenue Code, as amended from time to time; or
(b) An employer-paid benefit whereby the Covered Employer supplies a Fare Instrument for a Covered Employee's Mass Transit Expense, at benefit levels at least equal to the maximum amount that may be deducted for such programs pursuant to § 132(f)(2) of the Internal Revenue Code, as amended from time to time; or
(c) Any combination of programs described at Section 9-6002(1)(a) and (1)(b).