Payroll Requirements for Terminated Employees

Understand the Complexity of Payments and Laws while dealing with Terminated Employees

This webinar with industry expert Dayna J. Reum will go into detail that employers face when paying terminated associates. Dayna will review everything to 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 employee’s legal settlements.

Dayna will also cover the tax implications and how to handle taxes are several different types of termination pay. Due to the complexity of payments and laws in several states protesting terminated employees, It is important for the payroll department to understand these laws to ensure compliance.

Webinar Objectives

• Review of different types of term pay from vacation pay to golden parachute payments.
• Discussion around stock options and deferred compensation after termination
• Taxation concerns regarding payments made to terminated employees
• Timing of final pay for terminated employees including state law requirements
• Year-end concerns
• Discussion around deceased employee payments 
• How to handle legal settlements
• Record Retention Concerns
• Best Practices to protect employers

Webinar Agenda

• Termination Pay-When you have to pay
• Types of Term Pay
• Employment Tax Concerns
• Year-End Considerations
• Terminations due to death
• Legal Settlements
• State UI Funds
• WARN Act
• Severance Payments    
• SUB Plans

Who Should Attend

• Payroll
• HR
• Hiring Managers