The bill amends various sections of Wyoming law to allow state employees the option to receive their pay either semimonthly or on a monthly basis. Specifically, it introduces provisions for the state auditor to establish the frequency of payroll and insurance remittances, as well as retirement contributions, to accommodate the new semimonthly pay option. The bill also specifies that state employees can elect to be paid on the sixteenth day of each month or the last working day of the month, with the requirement to notify the state auditor in a prescribed manner. Additionally, the bill mandates that the state auditor promulgate rules regarding the election of pay frequency and the limitations on changing between pay schedules.

Furthermore, the bill makes conforming amendments to ensure that contributions to state insurance plans and retirement systems can also be made on a semimonthly basis, as determined by the state auditor. It outlines the responsibilities of various state agencies in implementing these changes and sets an effective date of July 1, 2027, for the provisions related to pay frequency, while allowing for immediate implementation of other necessary actions. Overall, the bill aims to provide greater flexibility in payroll processing for state employees while ensuring compliance with existing financial regulations.