Yes, but credits will not be separately distinguished between employer and member contributions. They will all be classified as pension contributions.

When Phase 1 is live, any credits created in the system will be approached on a “first in, first out” basis, following this hierarchy:

1. Fire insurance premium tax credit (FIPTC) -- applied to both employer and member contributions
2. Prepaid credit contribution
3. Work report adjustment credit contribution

As credits become available, they will be applied to any open invoices or work reports, then applied to the next upcoming invoice/work report.

Any unused prepaid credit account or contribution prepayment credits at year’s end (June 30) will be automatically applied to the employer’s unfunded liability or reserve balance(s) based on the new application of credits mentioned above (FIPTC, prepaid credit, work report adjustment). The incoming PAS cannot carryover prepayment balances from one fiscal year to the next.

Once the new portal is live, PSPRS will no longer accept paper payments (e.g., checks). Employers will be able to easily complete an Automated Clearing House (ACH) payment in the new Employer Self-Service (ESS) portal. Wire transfers and checks are being discontinued. In the new system, late payment penalties will be applied automatically to any invoice past due at the end of the month (i.e., the system will automatically apply a late payment 15 business days past pay period end date). Payments not made in the new ESS portal risk not arriving or not being processed before the due date.

In October 2023, PAS project liaisons Joann Lowey and Harold Greene began outreach to employers to establish initial employer and local board administrators for the new ESS portal. At go-live for the new PAS, these identified portal administrators will have the capability to maintain user access into the portal.