Utah HB0584 amends sick leave retirement options for state employees, establishing a new Program III.

Utah HB0584 amends existing laws to establish the Unused Sick Leave Retirement Option Program III for state employees. Under this program, eligible employees receive a payment equal to 50% of their unused sick leave hours, calculated at their rate of pay at retirement. The bill also allows employees with unused sick leave from previous programs to convert those hours to Program III. Additionally, it creates the State Post-Retirement Benefits Trust Fund to manage assets for post-retirement benefits. The changes take effect on May 6, 2026.

Utah HB0584 amends sick leave retirement options for state employees, establishing a new Program III.

Utah HB0584 amends existing laws to establish the Unused Sick Leave Retirement Option Program III for state employees. Under this program, eligible employees receive a payment equal to 50% of their unused sick leave hours, calculated at their rate of pay at retirement. The bill also allows employees with unused sick leave from previous programs to convert those hours to Program III. Additionally, it creates the State Post-Retirement Benefits Trust Fund to manage assets for post-retirement benefits. The changes take effect on May 6, 2026.