Bill Summary for Bill Number SB15-101

Date: 03/18/2015

Final
BILL SUMMARY for SB15-101

HOUSE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRS

Votes: View-->	Action Taken:
Postpone Senate Bill 15-101 indefinitely at the sp	PASS

11:05 AM -- SB15-101

Representative Pabon, sponsor, asked the committee to postpone indefinitely Senate Bill 15-101. Under current law, employers subject to the Colorado Wage Act must comply with certain restrictions regarding the methods used to pay wages. If an employer does not pay an employee in cash, the employer may elect to use a negotiable instrument, such as a check payable on demand, to pay wages. The use of company scrip to pay wages is prohibited. Employers may pay wages by direct deposit to an employee's financial institution if the employee authorizes this form of payment. Alternatively, under current law, employers may use a paycard without the employee's permission so long as the employee has the option to use another legal form of payment.

This bill amends the Colorado Wage Act to:

• clarify that an employee's written permission is required to pay wages by direct deposit;

• define a "paycard" as a card that provides an employee with immediate access to the employee's wages; and

• place additional controls on the use of paycards, including requiring the employer to provide an explanation of fees and offer a program, with at least two free withdrawals per pay period, that does not charge a monthly maintenance fee to use a paycard.


BILL:	SB15-101
TIME:	11:08:22 AM
MOVED:	Salazar
MOTION:	Postpone Senate Bill 15-101 indefinitely at the sponsor's request. The motion passed on a vote of 9-0, with 2 excused.
SECONDED:	Humphrey
		VOTE
	Foote	Excused
	Humphrey	Yes
	Lontine	Yes
	Neville P.	Yes
	Primavera	Yes
	Tate	Yes
	Thurlow	Yes
	Tyler	Excused
	Willett	Yes
	Salazar	Yes
	Ryden	Yes

Final YES: 9 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS