Connecticut Final And Unclaimed Paychecks Laws
Final And Unclaimed Paychecks Laws In Connecticut
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About Final Paychecks Laws In ConnecticutState and federal law requires that employers give departing employees their final paycheck within a specified time period or - if a paycheck goes unclaimed - to follow state escheatment rules. The rules in Connecticut for both are included below.
Connecticut's Requirements For When To Send Final Paychecks In Connecticut, employers are required to provide the final paycheck as follows:
- If The Employee Quits:
The next scheduled payday - If The Employer Terminates The Employee:
The next business day
What Should Be Included In A Final Paycheck In ConnecticutThe final paycheck should contain the employee's regular wages from the most recent pay period, plus other types of compensation such as commissions, bonuses, and accrued sick and vacation pay. Employers can withhold money from the employee's last paycheck if the employee owes your organization.
For More Info On Final PaychecksFor more about Final Paychecks, go to
https://www.payrolltrainingcenter.com/payroll-requirements-for-terminated-employees-wt1000388>>>
About Unclaimed Paycheck Laws In ConnecticutBelieve it or not, you just can't keep a paycheck that an ex-employee doesn't take. Even if a check is abandoned, the employer has no right to void the check and keep the funds.
Technically, unclaimed paychecks are subject to 'escheat' laws as unclaimed property under the laws of the state where the employee last worked. This means that employers are required to follow their state's laws for submitting unclaimed paychecks to the state. Not doing so can subject employers to fines and penalties.
Connecticut's Requirements For Unclaimed PaychecksThe following are the reporting and recordkeeping requirements for Connecticut's unclaimed paycheck laws:
- Recordkeeping Requirements
Employers must retain a record of the names and last known addresses of payees for ten years after reporting to the state - Reporting Requirements
Connecticut employers must report and remit unclaimed wages annually. Typically, the report for unclaimed wages must be sent before Nov. 1 of each year for wages unclaimed as of June 30 of that year
With regard to recordkeeping, Connecticut employers should speak with their legal counsel to determine processes and procedures re how many attempts the employer should make to contact ex-employees.
For More Info On Unclaimed PaychecksFor more about Unclaimed Paychecks, go to
https://www.payrolltrainingcenter.com/rules-for-unclaimed-paychecks-wt1000338Recommended Training Courses For Final And Unclaimed Paychecks:
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Contact Info For Final And Unclaimed Paycheck Requirements For Connecticut
Department of Labor
200 Folly Brook Blvd
Wethersfield, CT 06109-1114
860-263-6000
www.ct.gov/dol
References and Disclaimers:
This information is based on a variety of state laws and regulations, and is subject to change. The PayrollTrainingCenter makes every effort to make sure this information is current and accurate, however, the PayrollTrainingCenter is not engaged in rendering legal or professional advice and shall not be held responsible for any inaccuracies contained herein.
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