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Understanding Employee Pay Frequency, Termination Pay, and Payment Methods

This section discusses the regulations surrounding employee pay frequency, termination pay, and payment methods. While the Fair Labor Standards Act (FLSA) does not govern payment frequency, states have specific rules. It also covers the lag time between pay periods, requirements for termination pay, and various methods of payment including cash, checks, pay cards, and direct deposits. Additionally, it mentions the management of pay statements, unclaimed wages, and wages owed to deceased employees, emphasizing the state's role in these areas and the process of escheating unclaimed funds.

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Understanding Employee Pay Frequency, Termination Pay, and Payment Methods

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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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