R25-15-4. Collection and Deposit of Set Aside in Subfunds of the Annual Leave Trust

  (1) To implement the provision of Title 67 Chapter 19f, State Employees' Annual Leave Trust Fund Act, the division created the following subfunds within the trust:

  (a) Public Safety,

  (b) Transportation,

  (c) Public Education, and

  (d) General.

  (2) The Public Safety subfund applies to all employees within the Department of Public Safety.

  (3) The Transportation Subfund applies to all employees within the Department of Transportaion.

  (4) The Public Education subfund applies to all employees within the State Office of Education and State Office of Vocational Rehabilitation.

  (5) The General subfund applies to all other employees in the Executive, Legislative, and Judicial Branches of the State.

  (6) The division shall deposit in each applicable subfund, the amount of funds generated by applying the authorized set-aside rates to each employee eligible to receive paid leave.

  (7) In consultation with the Governor's Office of Management and Budget, in accordance with Subsection 67-19-14.6(4)(c) and Subsection 67-19f-201(3)(b), the division will reduce or stop charging a set-aside rate if the funding in a subfund of the annual leave trust reaches or is expected to reach 10% of the annual leave liability attributable to the subfund.