Missed Payroll in the Wake of Bank Collapse: Implications, Strategies, and Minimizing Risk
Proskauer's Employee Benefits & Executive Compensa
MARCH 16, 2023
Under some of these laws, payment of certain kinds of wages ( e.g., overtime wages) can be delayed until the following regularly scheduled pay day, but only if the wages cannot be computed in time with reasonable diligence. First, employee contributions ( e.g. , to health or 401(k) plans) will need to resume when payroll resumes.
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