 |
Oklahoma Administrative Code (Last Updated: March 11, 2021) |
 |
TITLE 260. Office of Management and Enterprise Services |
|
Chapter 35. Committee for Incentive Awards for State Employees |
|
Subchapter 5. Types of Awards |
SECTION 260:35-5-2. Individual incentive compensation
Latest version.
- (a) Definition. An individual incentive compensation award will consist of a payment equal to at least twenty-five percent (25%) of the amount determined by the Committee to be the total unit dollar savings to the state for the level of services rendered, but shall not exceed ten thousand dollars ($10,000). The individual incentive compensation shall be paid in one lump sum if the twelve-month period mirrors the fiscal year, [otherwise, it shall be paid in two separate payments]. The calculation for two payments shall be based on the number of months in the first fiscal year of implementation for the first payment. The second payment shall come at the end of the first twelve (12) months of implementation, which falls in the second fiscal year. [74:4117](b) Eligibility of employees to participate. All employees except state agency heads eligible to participate in the individual incentive awards program (see Section 260:35-5-1) shall be eligible to participate in the individual incentive compensation program. Eligibility of state agency supervisors and managers for cash awards will be reviewed on a case-by-case basis according to Section 260:35-7-1(2).(c) Eligibility of employees to receive individual incentive compensation. This type of award may be made to eligible employees, nominated for such compensation who, at a minimum, must have made an exceptional contribution similar to, but greater than, that required for an individual incentive award. Individual incentive compensation awards will be made only for proposals that result in real cost savings or revenue generation to an agency.(d) Funding. Individual incentive compensation awards shall be paid from the accrued savings in the operating budget of the nominating agency, department, commission, or office. [74:4117] Incentive pay awards shall be exempt from retirement contributions and shall not be included for the purpose of computing a retirement allowance pursuant to any public retirement system of the state. [74:4119]