UT SB0229

Establishes a paid time off (PTO) program beginning no later than July 1, 2027, replacing separate annual leave and sick leave for new agency employees and current employees who elect to participate

Current employees who elect PTO will have their accrued annual leave converted to paid time off at a one-to-one ratio; employees may choose to remain in the legacy leave program with existing annual and sick leave accrual

Modifies the 401(k) employer match for Tier II employees in the PTO program: 100% match on the first $26 contributed biweekly, then 50% match on amounts above $26, with a maximum of the greater of 2% of biweekly salary or $26

Requires each state agency to establish and administer a leave bank program allowing employees to voluntarily donate paid time off to a centralized bank for distribution to eligible employees

Renames the State Employees' Annual Leave Trust Fund to the State Employees' Leave Trust Fund and expands its scope to include deposits and expenditures for paid time off in addition to annual leave