Opinion ID: 2151564
Heading Depth: 2
Heading Rank: 3

Heading: $200 Million Credit

Text: ถ 48. Act 11 also provides that $200 million of the increase in the employer reserve resulting from the $4 billion distribution will be used to establish employer contribution credits to help satisfy required payments that employers have for unfunded liabilities. [134] These credits have the effect of reducing employer debt for unfunded liabilities, thereby permitting a suspension of payments for unfunded liability. [135] Employers who have already paid off their unfunded liability or who have credits in excess of such unfunded liability can suspend payment of the employer required contributions until their respective credits are exhausted. [136] All employers who are part of the WRS will benefit from the contribution credits. [137] After an employer's credits have been exhausted, the employer is required to resume payments to satisfy required contributions and any remaining unfunded liability. [138]