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H.B. 430 Enrolled

             1     

DEPARTMENT OF FINANCIAL

             2     
INSTITUTIONS PAY PLAN

             3     
2006 GENERAL SESSION

             4     
STATE OF UTAH

             5     
Chief Sponsor: Jeff Alexander

             6     
Senate Sponsor: John W. Hickman

             7     
             8      LONG TITLE
             9      General Description:
             10          This bill modifies provisions governing compensation for employees of the Department
             11      of Financial Institutions.
             12      Highlighted Provisions:
             13          This bill:
             14          .    requires that a market comparability study for employees of the Department of
             15      Financial Institutions be based on a survey of certain federal entities; and
             16          .    sets the salary for the commissioner of financial institutions as a percentage of the
             17      highest paid employee of the department.
             18      Monies Appropriated in this Bill:
             19          None
             20      Other Special Clauses:
             21          This bill provides an effective date.
             22      Utah Code Sections Affected:
             23      AMENDS:
             24          67-22-2 (Superseded 07/01/06), as last amended by Chapter 8, Laws of Utah 2005,
             25      First Special Session
             26          67-22-2 (Effective 07/01/06), as last amended by Chapter 8, Laws of Utah 2005, First
             27      Special Session
             28      ENACTS:
             29          67-19-12.1, Utah Code Annotated 1953


             30     
             31      Be it enacted by the Legislature of the state of Utah:
             32          Section 1. Section 67-19-12.1 is enacted to read:
             33          67-19-12.1. Department of Financial Institutions pay plans.
             34          To allow the state to recruit and retain the highest qualified examiners and regulators to
             35      oversee the financial services industry in this state and ensure parity with officials and
             36      employees of federal regulatory agencies and entities performing substantially similar jobs, the
             37      pay plans for all examiners and supervisors specified in Title 7, Chapter 1, Article 2,
             38      Department of Financial Institutions, shall comply with Section 67-19-12 , except that the
             39      market comparability study of state salary ranges for these positions shall be based on a survey
             40      of salary ranges of federal regulatory agencies and organizations responsible for regulating
             41      financial institutions chartered and regulated by the commissioner of financial institutions,
             42      including the:
             43          (1) Federal Deposit Insurance Corporation;
             44          (2) Federal Reserve; and
             45          (3) National Credit Union Administration.
             46          Section 2. Section 67-22-2 (Superseded 07/01/06) is amended to read:
             47           67-22-2 (Superseded 07/01/06). Compensation -- Other state officers.
             48          (1) (a) The governor shall establish salaries for the following state officers within the
             49      following salary ranges fixed by the Legislature:
             50              State Officer                 Salary Range
             51          Commissioner of Agriculture and Food     $66,800 - $90,600
             52          Commissioner of Insurance             $66,800 - $90,600
             53          Commissioner of the Labor Commission     $66,800 - $90,600
             54          Director, Alcoholic Beverage Control
             55              Commission                 $66,800 - $90,600
             56          [Commissioner, Department of]
             57              [Financial Institutions]        [$66,800 - $90,600]


             58          Members, Board of Pardons and Parole     $66,800 - $90,600
             59          Executive Director, Department
             60              of Commerce                 $66,800 - $90,600
             61          Executive Director, Commission on
             62              Criminal and Juvenile Justice     $66,800 - $90,600
             63          Adjutant General                 $66,800 - $90,600
             64          Chair, Tax Commission             $72,400 - $97,600
             65          Commissioners, Tax Commission         $72,400 - $97,600
             66          Executive Director, Department of
             67              Community and Culture         $72,400 - $97,600
             68          Executive Director, Tax Commission     $72,400 - $97,600
             69          Chair, Public Service Commission         $72,400 - $97,600
             70          Commissioners, Public Service
             71              Commission                 $72,400 - $97,600
             72          Executive Director, Department
             73              of Corrections                 $78,700 - $106,200
             74          Commissioner, Department of Public Safety     $78,700 - $106,200
             75          Executive Director, Department of
             76              Natural Resources             $78,700 - $106,200
             77          Director, Governor's Office of Planning
             78              and Budget                 $78,700 - $106,200
             79          Executive Director, Department of
             80              Administrative Services         $78,700 - $106,200
             81          Executive Director, Department of
             82              Human Resource Management     $78,700 - $106,200
             83          Executive Director, Department of
             84              Environmental Quality         $78,700 - $106,200
             85          Director, Governor's Office


             86              of Economic Development         $78,700 - $106,200
             87          Executive Director, Department of
             88              Workforce Services             $85,700 - $115,700
             89          Executive Director, Department of
             90              Health                     $85,700 - $115,700
             91          Executive Director, Department
             92              of Human Services             $85,700 - $115,700
             93          Executive Director, Department
             94              of Transportation             $85,700 - $115,700
             95          Executive Director, Department
             96              of Information Technology
             97              Services                 $85,700 - $115,700
             98          (b) The governor shall establish the salary for the commissioner of the Department of
             99      Financial Institutions to be no less than 110% and no more than 120% of the highest salary
             100      paid to any other employee of the Department of Financial Institutions.
             101          (2) (a) The Legislature fixes benefits for the state offices outlined in Subsection (1) as
             102      follows:
             103          (i) the option of participating in a state retirement system established by Title 49, Utah
             104      State Retirement and Insurance Benefit Act, or in a deferred compensation plan administered
             105      by the State Retirement Office in accordance with the Internal Revenue Code and its
             106      accompanying rules and regulations;
             107          (ii) health insurance;
             108          (iii) dental insurance;
             109          (iv) basic life insurance;
             110          (v) unemployment compensation;
             111          (vi) workers' compensation;
             112          (vii) required employer contribution to Social Security;
             113          (viii) long-term disability income insurance;


             114          (ix) the same additional state-paid life insurance available to other noncareer service
             115      employees;
             116          (x) the same severance pay available to other noncareer service employees;
             117          (xi) the same sick leave, converted sick leave, educational allowances, and holidays
             118      granted to Schedule B state employees, and the same annual leave granted to Schedule B state
             119      employees with more than ten years of state service;
             120          (xii) the option to convert accumulated sick leave to cash or insurance benefits as
             121      provided by law or rule upon resignation or retirement according to the same criteria and
             122      procedures applied to Schedule B state employees;
             123          (xiii) the option to purchase additional life insurance at group insurance rates according
             124      to the same criteria and procedures applied to Schedule B state employees; and
             125          (xiv) professional memberships if being a member of the professional organization is a
             126      requirement of the position.
             127          (b) Each department shall pay the cost of additional state-paid life insurance for its
             128      executive director from its existing budget.
             129          (3) The Legislature fixes the following additional benefits:
             130          (a) for the executive director of the State Tax Commission a vehicle for official and
             131      personal use;
             132          (b) for the executive director of the Department of Transportation a vehicle for official
             133      and personal use;
             134          (c) for the executive director of the Department of Natural Resources a vehicle for
             135      commute and official use;
             136          (d) for the Commissioner of Public Safety:
             137          (i) an accidental death insurance policy if POST certified; and
             138          (ii) a public safety vehicle for official and personal use;
             139          (e) for the executive director of the Department of Corrections:
             140          (i) an accidental death insurance policy if POST certified; and
             141          (ii) a public safety vehicle for official and personal use;


             142          (f) for the Adjutant General a vehicle for official and personal use; and
             143          (g) for each member of the Board of Pardons and Parole a vehicle for commute and
             144      official use.
             145          (4) (a) The governor has the discretion to establish a specific salary for each office
             146      listed in Subsection (1), and, within that discretion, may provide salary increases within the
             147      range fixed by the Legislature.
             148          (b) The governor shall apply the same overtime regulations applicable to other FLSA
             149      exempt positions.
             150          (c) The governor may develop standards and criteria for reviewing the performance of
             151      the state officers listed in Subsection (1).
             152          (5) Salaries for other Schedule A employees, as defined in Section 67-19-15 , which are
             153      not provided for in this chapter, or in Title 67, Chapter 8, Utah Executive and Judicial Salary
             154      Act, shall be established as provided in Section 67-19-15 .
             155          Section 3. Section 67-22-2 (Effective 07/01/06) is amended to read:
             156           67-22-2 (Effective 07/01/06). Compensation -- Other state officers.
             157          (1) (a) The governor shall establish salaries for the following state officers within the
             158      following salary ranges fixed by the Legislature:
             159              State Officer                 Salary Range
             160          Commissioner of Agriculture and Food     $66,800 - $90,600
             161          Commissioner of Insurance             $66,800 - $90,600
             162          Commissioner of the Labor Commission     $66,800 - $90,600
             163          Director, Alcoholic Beverage Control
             164              Commission                 $66,800 - $90,600
             165          [Commissioner, Department of]
             166              [Financial Institutions]        [$66,800 - $90,600]
             167          Members, Board of Pardons and Parole     $66,800 - $90,600
             168          Executive Director, Department
             169              of Commerce                 $66,800 - $90,600


             170          Executive Director, Commission on
             171              Criminal and Juvenile Justice     $66,800 - $90,600
             172          Adjutant General                 $66,800 - $90,600
             173          Chair, Tax Commission             $72,400 - $97,600
             174          Commissioners, Tax Commission         $72,400 - $97,600
             175          Executive Director, Department of
             176              Community and Culture         $72,400 - $97,600
             177          Executive Director, Tax Commission     $72,400 - $97,600
             178          Chair, Public Service Commission         $72,400 - $97,600
             179          Commissioners, Public Service
             180              Commission                 $72,400 - $97,600
             181          Executive Director, Department
             182              of Corrections                 $78,700 - $106,200
             183          Commissioner, Department of Public Safety     $78,700 - $106,200
             184          Executive Director, Department of
             185              Natural Resources             $78,700 - $106,200
             186          Director, Governor's Office of Planning
             187              and Budget                 $78,700 - $106,200
             188          Executive Director, Department of
             189              Administrative Services         $78,700 - $106,200
             190          Executive Director, Department of
             191              Environmental Quality         $78,700 - $106,200
             192          Director, Governor's Office
             193              of Economic Development         $78,700 - $106,200
             194          Executive Director, Department of
             195              Workforce Services             $85,700 - $115,700
             196          Executive Director, Department of
             197              Health                     $85,700 - $115,700


             198          Executive Director, Department
             199              of Human Services             $85,700 - $115,700
             200          Executive Director, Department
             201              of Transportation             $85,700 - $115,700
             202          Executive Director, Department
             203              of Information Technology
             204              Services                 $85,700 - $115,700
             205          (b) The governor shall establish the salary for the commissioner of the Department of
             206      Financial Institutions to be no less than 110% and no more than 120% of the highest salary
             207      paid to any other employee of the Department of Financial Institutions.
             208          (2) (a) The Legislature fixes benefits for the state offices outlined in Subsection (1) as
             209      follows:
             210          (i) the option of participating in a state retirement system established by Title 49, Utah
             211      State Retirement and Insurance Benefit Act, or in a deferred compensation plan administered
             212      by the State Retirement Office in accordance with the Internal Revenue Code and its
             213      accompanying rules and regulations;
             214          (ii) health insurance;
             215          (iii) dental insurance;
             216          (iv) basic life insurance;
             217          (v) unemployment compensation;
             218          (vi) workers' compensation;
             219          (vii) required employer contribution to Social Security;
             220          (viii) long-term disability income insurance;
             221          (ix) the same additional state-paid life insurance available to other noncareer service
             222      employees;
             223          (x) the same severance pay available to other noncareer service employees;
             224          (xi) the same sick leave, converted sick leave, educational allowances, and holidays
             225      granted to Schedule B state employees, and the same annual leave granted to Schedule B state


             226      employees with more than ten years of state service;
             227          (xii) the option to convert accumulated sick leave to cash or insurance benefits as
             228      provided by law or rule upon resignation or retirement according to the same criteria and
             229      procedures applied to Schedule B state employees;
             230          (xiii) the option to purchase additional life insurance at group insurance rates according
             231      to the same criteria and procedures applied to Schedule B state employees; and
             232          (xiv) professional memberships if being a member of the professional organization is a
             233      requirement of the position.
             234          (b) Each department shall pay the cost of additional state-paid life insurance for its
             235      executive director from its existing budget.
             236          (3) The Legislature fixes the following additional benefits:
             237          (a) for the executive director of the State Tax Commission a vehicle for official and
             238      personal use;
             239          (b) for the executive director of the Department of Transportation a vehicle for official
             240      and personal use;
             241          (c) for the executive director of the Department of Natural Resources a vehicle for
             242      commute and official use;
             243          (d) for the Commissioner of Public Safety:
             244          (i) an accidental death insurance policy if POST certified; and
             245          (ii) a public safety vehicle for official and personal use;
             246          (e) for the executive director of the Department of Corrections:
             247          (i) an accidental death insurance policy if POST certified; and
             248          (ii) a public safety vehicle for official and personal use;
             249          (f) for the Adjutant General a vehicle for official and personal use; and
             250          (g) for each member of the Board of Pardons and Parole a vehicle for commute and
             251      official use.
             252          (4) (a) The governor has the discretion to establish a specific salary for each office
             253      listed in Subsection (1), and, within that discretion, may provide salary increases within the


             254      range fixed by the Legislature.
             255          (b) The governor shall apply the same overtime regulations applicable to other FLSA
             256      exempt positions.
             257          (c) The governor may develop standards and criteria for reviewing the performance of
             258      the state officers listed in Subsection (1).
             259          (5) Salaries for other Schedule A employees, as defined in Section 67-19-15 , which are
             260      not provided for in this chapter, or in Title 67, Chapter 8, Utah Executive and Judicial Salary
             261      Act, shall be established as provided in Section 67-19-15 .
             262          Section 4. Effective date.
             263          This bill takes effect on May 1, 2006, except that the amendments to Section 67-22-2
             264      (Effective 07/01/06) take effect on July 1, 2006.


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