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Wyoming2012Did Not Pass

HB0118

Wyoming State Contribution to Deferred Compensation Program

Last scannedOct 18, 2026, 2:19 AM

In one sentence

This bill proposed requiring the state to match employee contributions to a deferred compensation program and appropriated specific funds for these payments, but it did not pass.

What it does

  • Requires the state to contribute a monthly amount to the deferred compensation program for qualifying employees.
  • Sets the state's matching contribution between a minimum of $20 and a maximum of 2% of the employee's monthly salary.
  • Requires state agencies, departments, and institutions to pay their share of the contribution to the program board.
  • Allows the University of Wyoming and community colleges to contribute to a qualified annuity plan under 26 U.S.C. 403(b) instead of the standard program for certain employees.
  • Appropriates $17.3 million from the general fund for the fiscal biennium starting July 1, 2012.
  • Requires agencies to estimate the maximum cost of participation for the next two-year budget period.

Who it affects

  • State employees and officials who contribute to the deferred compensation program.
  • State agencies, departments, and institutions, including the University of Wyoming and community colleges.
  • The state auditor, who is responsible for transferring the appropriated funds to the program.

Limits and unknowns

  • The bill did not pass and failed introduction on February 17, 2012.
  • The bill text is marked as a 'Working Draft,' so final details may have changed before it failed.

Plain language

Terms to know

Deferred compensation program
A plan where employees save part of their salary for retirement, and the state may add money to that savings.
Qualified employee
An employee who contributes a minimum monthly amount from their salary to the program.
Biennium
A two-year period used for state budgeting.

Official record

Sources

Source checked

Public statements

Why lawmakers voted

Last checked Aug 7, 5:16 PM

Voted Yes

Why they voted this way

The lawmaker explains that increasing the state match for deferred compensation incentivizes current employees to self-fund their own cost-of-living adjustments, which mitigates the risk of reducing the system's actuarial funded ratio.

Public statementFloor statement at 1:02:28 Watch the statement
Voted No

Why they voted this way

The lawmaker expresses concern that the bill diverts funds away from providing cost-of-living adjustments to retirees who have already retired.

Public statementFloor statement at 1:04:05 Watch the statement
Voted No

Why they voted this way

The lawmaker supports the concept of incentivizing self-funded cost-of-living adjustments but opposes voting for the bill now due to concerns about spending $17 million that may need to be cut in future years.

Public statementFloor statement at 1:05:10 Watch the statement

If a lawmaker is not listed, we couldn't find a published reason.

Wyoming roll calls

Recorded votes

1 roll call

Official activity

Bill history

  1. H Failed IntroductionHouse
  2. H Received for IntroductionHouse
  3. Bill Number AssignedLSO