38-616. Retiree accumulated sick leave fund;
administration; contribution
A. A retiree accumulated sick leave fund is established consisting of deposits made
pursuant to subsection C of this section. The department of administration shall
administer the fund and shall maintain individual accounts for each state officer or
employee receiving a benefit on retirement pursuant to section 38-615. Monies in the
fund may be used for payment for accumulated sick leave made pursuant to section 38-615
and for any associated employee related expenditures. The department of administration
may use up to two per cent of the total amount deposited in the fund in fiscal year
1999-2000 and up to one and one-half per cent of the total amount deposited in the fund
in fiscal year 2000-2001 and each fiscal year thereafter to administer section 38-615.
B. The department of administration shall pay the accumulated sick leave payment
for each eligible state officer or employee pursuant to section 38-615.
C. All state budget units and legislative and judicial branches of state government
that employ officers or employees who may be eligible on retirement to receive payment
for accumulated sick leave pursuant to section 38-615 shall contribute a pro rata share
of the overall cost of the accumulated sick leave payments. The pro rata share shall be
payable by payroll fund source, and the resultant amount shall be deposited in the
retiree accumulated sick leave fund. The pro rata share shall be established by the
director, is subject to review by the joint legislative budget committee and shall not
exceed .40 per cent of the total benefit eligible payroll as prescribed in section 38-651
in fiscal year 1999-2000 and .55 per cent of the total benefit eligible payroll as
prescribed in section 38-651 in fiscal year 2000-2001 and each fiscal year
thereafter. Total payroll includes all fund sources including the state general fund,
federal monies, special revenue funds, intergovernmental revenue monies, trust funds and
other payroll sources. A claim for the pro rata share percentage payment shall be
submitted according to the fund source, with the accompanying payroll, to the department
of administration for deposit in the retiree accumulated sick leave fund.
D. Notwithstanding section 35-190, monies in the retiree accumulated sick leave
fund do not revert to the state general fund at the end of each fiscal year.
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