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Second Substitute H.B. 164

Representative James R. Gowans proposes to substitute the following bill:


             1     
ANNUAL LEAVE ACCRUAL FOR STATE EMPLOYEES

             2     
1999 GENERAL SESSION

             3     
STATE OF UTAH

             4     
Sponsor: James R. Gowans

             5      AN ACT RELATING TO STATE OFFICERS AND EMPLOYEES; ALLOWING STATE
             6      EMPLOYEES TO CONVERT EXCESS ACCUMULATED ANNUAL LEAVE INTO
             7      DEFERRED COMPENSATION PLAN CONTRIBUTIONS.
             8      This act affects sections of Utah Code Annotated 1953 as follows:
             9      ENACTS:
             10          67-19-12.7, Utah Code Annotated 1953
             11      Be it enacted by the Legislature of the state of Utah:
             12          Section 1. Section 67-19-12.7 is enacted to read:
             13          67-19-12.7. Accumulated annual leave -- Conversion to deferred compensation plan.
             14          (1) The department shall implement a program whereby an eligible employee may, in each
             15      calendar year, elect to convert up to 40 hours of unused annual leave into any of the employee's
             16      designated deferred compensation accounts that:
             17          (a) are sponsored by the Utah State Retirement Board; and
             18          (b) are qualified under Section 401(k) or Section 457 of the Internal Revenue Code.
             19          (2) Any annual leave converted under Subsection (1) shall be converted into the
             20      employee's deferred compensation account at the employee's pay rate at the time of conversion.
             21          (3) No employee may convert hours of accrued annual leave to the extent that any hours
             22      so converted would exceed the maximum amount authorized by the Internal Revenue Code for
             23      each calendar year.
             24          (4) (a) For purposes of this section, "eligible employee" means an employee with unused
             25      annual leave hours exceeding 144 hours as of S [ December 1st ] THE LAST DAY OF THE LAST PAY
             25a      PERIOD s in each calendar year an election is


             26      made under this section.
             27          (b) An eligible employee:
             28          (i) shall make each election by S [ December 31st ] THE LAST DAY OF THE LAST PAY PERIOD s
             28a      of each calendar year by using a form
             29      approved by the department; and
             30          (ii) may only convert unused annual leave hours in excess of 144 hours of annual leave
             31      in the eligible employee's annual leave balance.


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