State employees-leave & group health insurance. |
03LSO-0482.L1 |
FISCAL NOTE (HB0231)
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The fiscal impact, in the form of increased expenditures, is indeterminable.
Assumptions:
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Annual leave is
currently paid at 100% of accumulated time.
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January balance of
sick leave liability up to 480 hours is $57,245,000.
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Currently, rules
only allow 50% payment of sick leave up to 960 hours. This legislation doubles the sick leave payment liability for
individuals with less than 480 hours of accumulated sick leave upon separation.
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Average salary
level of liability is $23.38.
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Accumulated sick
leave is an unfunded liability to the State.
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Separations cannot
be accurately forecasted to provide figures for increased fiscal year
expenditure increases.
Prepared by: Ralph Hayes, Employees Group Ins. Phone: 777-5440