House Bill 16-1281 Summary

• Requires all Colorado state employees paid through the state payroll system to receive paychecks twice monthly beginning July 1, 2017, replacing the current monthly and bi-weekly payment schedule.

• Authorizes the state personnel director to delay the twice-monthly implementation date if necessary due to human resources information system implementation issues, with required notification to employers, employees, and the general assembly by June 1, 2017.

• Eliminates the option for state employees to repay the July 2017 transition loan using annual leave, requiring instead a three-year repayment plan with after-tax paycheck deductions equal to one seventy-second of the loan amount plus simple interest at the state treasury's incremental borrowing rate.

• Allows employees to apply for the one-time transition loan in the first month of twice-monthly payments if implementation is delayed, rather than restricting the loan application to July 2017.