How will the employer know what to withhold from the lump sum?
Once the employer notifies the OAG of the lump sum intention, the OAG researches each record submitted and sends information back to the employer with the amount of the arrears for each case. The employer is required to submit the arrears balance or 50 percent of the lump sum amount, whichever is less.
Related Questions
- Is my employers workers compensation insurance company required to pay me a lump sum settlement for future compensation for my work injuries?
- If a pregnant employee is made redundant before commencing maternity leave can her employer pay her statutory maternity pay in one lump sum?
- I am receiving a pension (monthly/lump sum or 401(k) ) from my previous employer. Will this effect my unemployment insurance benefits?
