1. Termination Pay and How Payroll Should Handle It

Termination Pay and How Payroll Should Handle It

Termination Pay and How Payroll Should Handle It
Event ID: 72070
Not for Sale
Recording: 14870
Date: 9/27/2019, 1 PM Eastern

Duration: Scheduled for 90 minutes including question and answer period.
Presenter: Dayna J. Reum CPP, FPC, Payroll Training Consultant
$299.00 On-Demand, $449.00 webinar and On-Demand. Each option may be viewed by an unlimited number of attendees in one room. On-Demand includes full audio presentation, question and answer session, and presentation slides.
CE Credits: This program has been approved for 1.5 general recertification credit hours toward PHR, SPHR, and GPHR recertification through the HR Certification Institute. This program is valid for 1.5 PDCs for the SHRM-CP or SHRM-SCP.
Who Should Attend? HR, managers and supervisors, financial officers, payroll

Because of the complexity of payments and payroll, there are laws in several states protecting terminated employees. It is important for payroll to understand these laws to ensure compliance.

Please join Dayna Reum as she discusses what employers face when paying terminated associates. She will review everything -- from final pay to stock options to payments to employees that may occur years after they terminate. She will also review the difficult situation when you have to pay terminated employees’ legal settlements. Finally, Dayna will cover the tax implications and how to handle taxes for several different types of termination pay.


Just a sampling of what this webinar will cover:

  • 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


Your conference leader for “Termination Pay and How Payroll Should Handle It” is Dayna J. Reum. Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of 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 Conference. Topics including 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. Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.


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