About the Session

What happens when an employee never cashes their paycheck? Who is responsible for reporting unclaimed wages? How do electronic payments impact escheatment obligations?

Join us for a practical and informative discussion on Escheatment and Payroll, where we'll explore the laws, processes, and compliance considerations surrounding unclaimed wages and property. As state enforcement efforts continue to increase, payroll professionals must understand their responsibilities and establish effective controls to prevent compliance issues before they arise.

During this session, we'll take a closer look at:

• What escheatment is and why it matters to payroll professionals
• The Uniform Unclaimed Property Act of 1995
• Managing unclaimed paychecks and outstanding payroll checks
• Washington, Delaware, and other state reporting requirements
• Due diligence and employee notification requirements
• Strategies for preventing escheatment events
• The role of direct deposit, payroll cards, and electronic payments
• Best practices for reconciliation, record retention, and compliance management

This session is ideal for payroll professionals responsible for payroll operations, compliance, payroll accounting, payroll tax, and employee payments.