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Final Pay-check Requirements
- Review of different types of term pay from vacation pays to golden parachute payments.
- Discussion around Stock options and Deferred compensation after termination
- Taxation concerns in regard to payments made to terminated employees
- Timing of final pay for terminated employees including state law requirements
- Year-end concerns
- Discussion around death payments paying and reporting
- How to handle legal settlements
- Record Retention Concerns
Overview of the webinar
Because of the complexity of payments and laws in several states protesting terminated employees. It is important for payroll to understand these laws to ensure compliance.
This webinar will go into detail about what employers face when paying terminated associates. Will review everything from final pay to stock options and payments to employees that may occur years after they terminate. Along with reviewing the difficult situation when you have to pay terminated employees’ legal settlements. Will also cover the tax implications and how to handle taxes are several different types of termination pay.
Who should attend?
- HR Professionals
- Payroll Professionals
- Managers that complete a form I-9 for new hires
Why should you attend?
- If a multi-state employer this webinar is a must to make sure that an employer is compliant with final pay laws.
- This webinar will give a better understanding of which states DOL laws to follow
- How the properly handle final pay for employees that are deceased
- Terminations that turn into legal settlements should properly be handled.
Faculty - Ms.Dayna J. Reum
Dayna is currently the Senior Director of Payroll & HRIS at Ann and Robert H. Lurie Children’s Hospital of Chicago. Dayna has been heavily involved in the payroll field for over 20 years. Starting as a payroll clerk at a small Tucson company. Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards including Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics include Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, and International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA. Dayna has also assisted in the CPP preparation classes for the Chicago APA Chapter. She has served on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments, Dayna is certified in HR hiring and firing practices and is a Six Sigma Greenbelt.
Credits
ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.
HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org