The bill amends the existing wage and fringe benefit regulations under 1978 PA 390 by adding a new section, 6a, which allows salaried employees who are members of the classified state civil service to choose their method of wage payment starting January 1, 2027. The options for payment include receiving wages in United States currency in person at the Department of Treasury office in Lansing, through direct deposit or electronic transfer to a financial institution, or in a digital currency of the employee's choice, provided certain conditions are met.

Specifically, the state must offer at least six digital currency options, one of which must be Bitcoin, and it cannot include any state-owned or state-controlled digital currency that is regulated by a national government or central bank. The bill ensures that employees can receive their wages in the payment method they prefer, thereby modernizing the payment options available to state employees.

Statutes affected:
House Introduced Bill: 408.471, 408.490