How to navigate the complexity of multi-state unclaimed paycheck rules
Speaker: Dayna J Reum
Speaker Designation: Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago
Speaker: Dayna J Reum
Speaker Designation: Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago
“Paperless Pay” As all organizations strive to be paperless there will always be times, when we have to produce a paper paycheck to include new hires, terms, etc. In some instances, employee mindset and state pay laws sometimes make producing a paper paycheck more valuable. Because of this, we will always have to deal with unclaimed wages or escheat laws for those employees who do not cash a check. Each state has specific laws and requirements on how employers must report, remit and document amounts for checks that are uncashed by employees. Escheat or unclaimed wages can become a large compliance issue for employers.
This webinar will review the laws of all 50 states regarding unclaimed wages and will help you better understand the difference between reporting and remitting. After participating in this webinar you will be equipped to handle the complexities and challenges in regards to uncashed payroll checks.
By attending this audio conference, you will learn:
Unclaimed paychecks and property present significant challenges for businesses, particularly regarding compliance with state regulations. In many jurisdictions, businesses are required to report and remit unclaimed wages and property to the state after a specified period of dormancy, often referred to as escheatment. Failure to adhere to these regulations can result in severe penalties, fines, and reputational damage.
Dayna currently is the director of payroll operations at a major medical center in Chicago and has been heavily involved in the payroll field for more than 20 years.She started as a payroll clerk at a small Tucson company but moved on to be a payroll team leader at Honeywell Inc. During her time at Honeywell Inc., she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. Dayna has also received several merit awards for customer service and acquisitions, and divestiture.
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, international and Canadian payroll.
She also serves on the National American Payroll Association on the national Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee), and received a citation of merit for her service along with being a gold pin member of the APA. Dayna is also a CPP (Certified Payroll Professional) through the APA and certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.
