search
search

Maine Final And Unclaimed Paychecks Laws

Final And Unclaimed Paychecks Laws In Maine

>>> About Final Paychecks Laws In Maine

State and federal law requires that employers give departing employees their final paycheck within a specified time period or - if a paycheck goes unclaimed - to follow state escheatment rules. The rules in Maine for both are included below.

Maine final paycheck rulesMaine's Requirements For When To Send Final Paychecks

Maine requires that final paychecks be provided on the next scheduled payday or within two weeks of a demand from the employee.

What Should Be Included In A Final Paycheck In Maine

The final paycheck should contain the employee's regular wages from the most recent pay period, plus other types of compensation such as commissions, bonuses, and accrued sick and vacation pay. Employers can withhold money from the employee's last paycheck if the employee owes your organization.

Can An Employer Withhold A Final Paycheck?

Though an employer might be able to deduct the cost of the equipment from the final pay of non-exempt employees, they generally cannot withhold unpaid wages from ex-employees. Failure to follow state final paycheck laws could lead to fines and penalties, so be sure to consult with legal counsel before taking any actions to hold a final paycheck.

How To SendThe Final Paycheck

For More Info On Final Paychecks

For more about Final Paychecks, go to https://www.payrolltrainingcenter.com/payroll-requirements-for-terminated-employees-wt1000388


>>> About Unclaimed Paycheck Laws In Maine

Believe it or not, you just can't keep a paycheck that an ex-employee doesn't take. Even if a check is abandoned, the employer has no right to void the check and keep the funds.

Technically, unclaimed paychecks are subject to 'escheat' laws as unclaimed property under the laws of the state where the employee last worked. This means that employers are required to follow their state's laws for submitting unclaimed paychecks to the state. Not doing so can subject employers to fines and penalties.
Maine final paycheck rules
Maine's Requirements For Unclaimed Paychecks

The following are the reporting and recordkeeping requirements for Maine's unclaimed paycheck laws:
  • Recordkeeping Requirements
    Employers must retain a record of the names and last known addresses of payees for ten years after reporting to the state
  • Reporting Requirements
    Maine employers must report and remit unclaimed wages annually. Typically, the report for unclaimed wages must be sent before Nov. 1 of each year for wages unclaimed as of June 30 of that year
With regard to recordkeeping, Maine employers should speak with their legal counsel to determine processes and procedures re how many attempts the employer should make to contact ex-employees.

For More Info On Unclaimed Paychecks

For more about Unclaimed Paychecks, go to https://www.payrolltrainingcenter.com/rules-for-unclaimed-paychecks-wt1000338

Recommended Training Courses For Final And Unclaimed Paychecks:

Find Seminars, Webinars, And Online Training In Your Area
Designations / Certifications
Improve your knowledge and industry standing!
Professional Development
Products & Services to help manage and grow your career!

Contact Info For Final And Unclaimed Paycheck Requirements For Maine

Department of Labor
45 Commerce Dr
Augusta, ME 04333
207-621-5095
www.maine.gov/labor





References and Disclaimers:

This information is based on a variety of state laws and regulations, and is subject to change. The PayrollTrainingCenter makes every effort to make sure this information is current and accurate, however, the PayrollTrainingCenter is not engaged in rendering legal or professional advice and shall not be held responsible for any inaccuracies contained herein.

Paycheck Fundamentals Training & Certification Program



About Us Contact Us Privacy Add To eMail List My Account
FacebookPayrollTrainingCenter.com. 5755 North Point Parkway, Suite 227 | Alpharetta, GA 30022 | 770-410-1219 | support@PayrollTrainingCenter.com
Copyright PayrollTrainingCenter.com 2018 | Web Site Development by OTAU