Stimulus check-What are the requirements?

antitox

Well-Known Member
Texas company looking to dock stimulus money from paychecks, relieve their payroll: report

https://www.foxnews.com/us/texas-stimulus-money-company-paychecks

A company in Austin, Texas is looking to dock pay from workers who receivegovernment stimulus checks, according to an anonymous employee.

With the historic $2 trillion coronavirus stimulus deal signed, Americans can look forward to receiving some economic relief during the pandemic.

An unnamed company in Texas, though, appears to be looking to use the stimulus to relieve their payroll strain.

On Wednesday, the company sent out a form titled “Employee Acknowledgement of ‘Government Assistance’ Pay Reduction.”

The form was reported by an employee who wished to remain anonymous, but the employee spoke to local news KXAN about the situation.

“The form says they are preemptively deducting funds from our paychecks. That number is based on what they’re anticipating the government relief fund to be,” the worker told the outlet.

“The company that I work for is a national company and they make hundreds of millions of dollars in profit a year and instead of making sacrifices at the higher levels, they’re passing it on down to everybody else.”

The form states that the company would take payment from the employee’s paycheck by 100 percent of any money received under the stimulus bill, a number they can accurately calculate since the stimulus money is scaled based on income.

Other companies may or may not also attempt to take advantage of the stimulus money.

On the blog AskAManager.org, another anonymous employee wrote in to ask if it is legal for her company to take the stimulus money from their paychecks. She states that she learned of the decision during a conference call.

She claimed her company is a national restaurant chain. The company she works for may or may not be the same as the one in Austin.

Unemployment has increased to over three million people, leaving many desperate for the relief that the stimulus bill will provide.
 

Tall Timbers

Imperfect but forgiven
The form states that the company would take payment from the employee’s paycheck by 100 percent of any money received under the stimulus bill, a number they can accurately calculate since the stimulus money is scaled based on income.
Many people have more than one source of income and for married couples, the other party might make enough that a person wouldn't get any stimulus money... I wonder how all that would work out with this company and is it even legal for a company to unilaterally dock a person's pay like that? Just wondering.
 

antitox

Well-Known Member
Many people have more than one source of income and for married couples, the other party might make enough that a person wouldn't get any stimulus money... I wonder how all that would work out with this company and is it even legal for a company to unilaterally dock a person's pay like that? Just wondering.
I have never heard that any business could get away with that.
 

dreamermind

Well-Known Member
Many people have more than one source of income and for married couples, the other party might make enough that a person wouldn't get any stimulus money... I wonder how all that would work out with this company and is it even legal for a company to unilaterally dock a person's pay like that? Just wondering.
I heard that if they don’t pay their employees then they have to pay the money back. If they do pay them, then it is considered a grant and the company is free and clear.
 

Andy C

Well-Known Member

Andy C

Well-Known Member
Thanks for your answer. I am hoping it goes on the card. Otherwise, it will be by check.
I looked some more, still cant find a specific answer.

Side note - In my since deleted post, I asked personal information, and that was wrong of me. I just had no idea there was social security benefits distributed via express cards. I hope you get your stimulus money in a timely manner.
 

lightofmylife

Blessed Hope-Prepare To Fly!
I looked some more, still cant find a specific answer.

Side note - In my since deleted post, I asked personal information, and that was wrong of me. I just had no idea there was social security benefits distributed via express cards. I hope you get your stimulus money in a timely manner.
It is nice getting our money on a card no check to cash. Mine comes in on the 3rd of every month unless it falls on the weekend. Then I get it on a Friday before the 3rd. I will get this next month on the 1st. It sounds like I will be getting my benefits on the card as normal with the stimulus. https://home.treasury.gov/news/press-releases/sm967
 
Top