006-3 Wyo. Code R. §§ 3-2 - Awards
(a) The maximum monetary award paid to an
individual shall be limited to five percent (5%)of the first year's estimated
annual net savings, or five thousand dollars ($5,000.00), whichever is
less.
(b) The total amount of a
monetary award for a team suggestion paid by one or more agencies shall not
exceed twenty-five percent ( 25%) of the first year's savings. Each team member
shall receive an equal award with a maximum of five percent (5%) of the
savings, or five thousand dollars ($5,000.00), whichever is less.
(c) Awards for savings of less than ten
thousand dollars ($10,000.00) shall be in the form of a cash award or an
alternative noncash award system.
(d) Awards for suggestions that are
intangible in nature may be rewarded through the use of administrative leave
not to exceed five (5) days or other non-monetary rewards.
(e) Net annual savings shall be certified by
the evaluating agency and verified by the Board. Net annual savings shall be
determined by subtracting the cost to implement a suggestion from the estimated
gross savings for the first year after the suggestion has been
adopted.
(f) Monetary awards shall
be paid by the principal benefitting agency or agencies from the amount of
funds or appropriate money saved or increased by implementing the
suggestion.
(g) The board shall
identify the agency or agencies who shall be the principal beneficiary of the
suggestion. If other agencies are able to benefit from the suggestion, the
board shall determine if the monetary award shall be prorated among the
benefitting agencies. Suggestions become the property of the state and can be
used in other agencies with no additional monetary award.
(h) Monetary awards shall be considered as
taxable income and all appropriate federal income and FICA taxes shall be
withheld.
(i) Monetary awards shall
normally be paid upon initiation of a suggestion based on estimated net savings
for one year following implementation. If a monetary award amount cannot be
reasonably and accurately calculated, the agency, with the Board's permission,
may elect to pay in the following manner.
(i)
A partial payment may be granted to the Suggestors, upon initiation of the
suggestion. The remainder of the monetary award shall be paid in a lump sum
when total savings are documented. No interest shall be paid on that portion
which is yet to be awarded.
(ii)
Unexpected savings recognized within one (1) year following implementation of
the suggestions may be re-evaluated and awarded in accordance with Section 2.
(j) A certificate of
recognition shall be given with all awards.
Notes
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