§ 128.309. Assessments.

(a)

For the fiscal year beginning October 1, 2018 and for all following fiscal years, if, following adjustment at the close of the fiscal year, a Participant's combined Retained Earnings account balance for both the Workers' Compensation Component and the Liability Component is negative, the Participant shall be assessed the balance of the deficit, which shall be paid as set forth in this Section.

(b)

Subject to the documented discretion of the Director, assessments shall be paid as follows:

(1)

The Participant shall be required to pay all or part of the assessment in that Participant's upcoming budget cycle, however, in no the event shall the assessment be paid in more than three budget cycles; or

(2)

Utilizing funds from the Self-Insurance Operating Reserve as described in Section 128.312.

(Ord. 2018-380-E , § 2)