Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
January 14, 2005
State Says No to Paycards

The state of Vermont is interpreting its statute under 21 V.S.A. §343, requiring that wages be paid in cash or by check, to mean that employers may not pay wages using the new paycards (salary debit cards).

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

This is because paycards do not fit the definition of cash or checks under the Vermont Uniform Commercial Code. This applies even if the employer does not require employee participation in the paycard program (popular with employees without bank accounts) or pass along any costs associated with paycards to employees.

Featured Free Resource:
Cost Per Hire Calculator
Twitter  Facebook  Linked In
Follow Us
Copyright © 2017 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: