H.B. 68 Enrolled

ANNUAL LEAVE CONVERSION FOR STATE EMPLOYEES
2001 GENERAL SESSION
STATE OF UTAH
Sponsor: James R. Gowans
This act enacts code provisions relating to state officer and employee benefits. This act
enacts certain provisions regulating conversion of annual leave to a deferred compensation
plan.
This act affects sections of Utah Code Annotated 1953 as follows:
ENACTS:
67-19-12.9, Utah Code Annotated 1953
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 67-19-12.9 is enacted to read:
67-19-12.9. Accumulated annual leave -- Annual conversion to deferred
compensation plan.
(1) The department shall implement a program that allows an employee, in each calendar
year, to elect to convert up to 20 hours of annual leave, in whole hour increments not to exceed
$250 in value, into any of the employee's designated deferred compensation accounts that:
(a) are sponsored by the Utah State Retirement Board; and
(b) are qualified under Section 401(k) or Section 457 of the Internal Revenue Code.
(2) Any annual leave converted under Subsection (1) shall be:
(a) converted into the employee's deferred compensation account at the employee's pay rate
at the time of conversion; and
(b) calculated in the last pay period of the leave year as determined by the Division of
Finance.
(3) An employee may not convert hours of accrued annual leave to the extent that any
hours converted would:
(a) exceed the maximum amount authorized by the Internal Revenue Code for each
calendar year; or
(b) cause the employee's balance of accumulated annual leave to drop below the maximum

accrual limit provided by rule.

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