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Section 5 : Paying the Employee

Section 5 : Paying the Employee. Pay Frequency, Termination Pay and Payment Methods. FLSA does not regulate the frequency . States regulate Frequency of Pay Lag time between Pay Termination pay requirements Method of payment Cash Check Pay card Direct Deposit – EFT .

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Section 5 : Paying the Employee

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  1. Section 5 : Paying the Employee

  2. Pay Frequency, Termination Pay and Payment Methods • FLSA does not regulate the frequency . • States regulate • Frequency of Pay • Lag time between Pay • Termination pay requirements • Method of payment • Cash • Check • Pay card • Direct Deposit – EFT

  3. ACH Flow – Table 5.3

  4. Pay Statements, Unclaimed Wages and Wages Owed to Deceased EE’s • All controlled by the states. • Statements – State requirements • Federal Rules §3.4 • Unclaimed Checks – ESCHEAT • State provisions how long ER can hold funds and then escheat to the state

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