Page 263 - Essentials of Payroll: Management and Accounting

ESSENTIALS of Payr oll: Management and Accounting
time from a check-cashing service. The card can also be used as a credit
card,so employees have little need to make purchases with cash.Further,
the fee to convert to cash at an ATM is much lower than the fee charged
by a check-cashing service. There is also less risk of theft through the

card, since it is protected by a personal identification number (PIN).
Employees will also receive a monthly statement showing their account
activity, which they can use to get a better idea of their spending habits.

Termination Payments
A variety of state laws govern how soon employees are to be paid after

their employment is terminated.The key factor in these laws is whether
an employee leaves a company under his or her own volition or if the
termination was forced by the company. Exhibit 9.5 lists the time periods
by state by which termination pay must be given to those employees

EXHIBIT 9.5
Required Pay Interval

for Voluntary Terminations

Maximum Payment
Delay Applicable States

4 Days California
5 Days Oregon, Wyoming
7 Days District of Columbia, Nevada

10 Days Idaho
14 Days Kentucky, Maine, Nebraska
15 Days Louisiana, Montana
20 Days Minnesota
21 Days Tennessee

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