Rounding of a payment or transfer of cash authorized, and provision changed in health insurance benefit plans offered in the nonrepresented employees compensation plan and the managerial plan in chapter 43A.
Joint rule 2.03, Deadlines, re-referred to Rules and Legislative Administration
Summary
The bill creates a new rule that state agencies may round cash transactions to the nearest five‑cent amount, with specific rounding directions for different cent digits and a minimum rounding of $0.01 or $0.02 up to $0.05. It also amends the rules for health insurance benefits in the non‑represented employees compensation plan and the managerial plan, permitting those plans to include a high‑deductible health‑plan option. The changes affect state agencies handling cash and employees covered by those specific benefit plans.
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