006-3 Wyo. Code R. § 3-2

Current through April 27, 2019

Section 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.

006-3 Wyo. Code R. § 3-2