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

Dayna J Reum, CPP

Dayna is currently the Senior Director of Payroll & HRIS at a major medical Center in Chicago. Dayna has been heavily involved in the payroll field over 17 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 for 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...

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