NC S427

Increases employee gainsharing from 20% to 50% of annualized savings or increased revenues resulting from suggestions or innovations, with no maximum cap per employee or team aggregate limit.

Allocates 25% of annualized savings or increased revenues to the implementing agency for nonrecurring budget items (reduced from the previous 30% allocation split across multiple purposes).

Allocates the remaining 25% of annualized savings or increased revenues to the General Fund for nonrecurring budget items when allowed by law or policy.

Eliminates previous limits of $20,000 maximum per employee and $100,000 aggregate per team, allowing larger payouts for high-value suggestions.

Effective July 1, 2015, for suggestions and innovations made on or after that date.