If the member signs up for payroll deduction and there is an associated employer cost with the type of credit being purchased, how is the employer cost handled?
If there is a cost to the employer for the type of credit being purchased, such as past absence or leave, the employer will be billed annually in September for the employer cost associated with the member credit purchased during the prior fiscal year. An employer will be billed at other times of the year if the member’s purchase is complete. If the employer is on the State Foundation Program and the employer payment is not made, the next certification of the State Foundation Program will be adjusted.
Related Questions
- If the member signs up for payroll deduction and there is an associated employer cost with the type of credit being purchased, how is the employer cost handled?
- Are there any "benefits" that an employer is not allowed to take credit for when calculating supplemental benefit cost and contributions?
- Does taking the credit affect an employer’s deduction for health insurance premiums?
