This bill mandates that employers with 15 or more employees who offer paid earned time must adhere to specific requirements regarding the accrual and use of such time. Employers are required to inform employees in writing about the policy on accrual or use of unused earned time, provide a system for processing earned time requests, and give employees an accounting of used and remaining earned time. The bill defines "earned time," "vacation" or "vacation time," and "paid time off" as having the same meaning for the purposes of this legislation.

Additionally, the bill stipulates that if an employee is separated from employment due to the closure of the business, change of ownership, or a layoff without a reasonable assurance of return, up to 30 days of unused paid time off, excluding sick days, shall be considered wages and due upon separation. If an employer does not specify the types of paid time off, the entire balance of unused paid time off shall be prorated upon separation. Employees may also agree in writing to carry forward and transfer their unused paid time off to a subsequent employer after a change in ownership. The act is set to take effect on January 1, 2025. The fiscal note attached to the bill indicates that there is no fiscal impact on state, county, and local expenditures or revenue.

Statutes affected:
Introduced: 275:43
As Amended by the House: 275:43
As Amended by the House (2nd): 275:43