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Employer Contributions Forfeiture Credit Campaign

Employer Contributions Forfeiture Credit Campaign

Employer Contributions Forfeiture Credit Campaign Introduction

Employer Contributions Forfeiture Credit Campaign

The Employer Contributions Forfeiture Credit allows eligible reporting units to use forfeited employer contributions as a credit for future employer contribution payments. In February 2022, reporting units will see the Employer Contributions Forfeiture Credit appear on their employer statement, and can begin immediately to apply the credit towards future defined contribution (DC) and Personal Healthcare Fund (PHF) employer contributions. 

Resources: 

Use this job aid for step-by-step instructions.? 

The Forfeiture Credit Calculation tool allows you to keep track of the credit balance. Click on the link and the tool will be downloaded to your computer.?Save the tool to your computer to keep track of your credit balance.? 

Employer Contributions Forfeiture Credit Campaign