Wealth Management Wire
  • News
  • People
  • Banks
  • Insurance
  • Annuities
  • Directory
  • News
  • People
  • Banks
  • Insurance
  • Annuities
  • Directory
  • Home
  • »
  • Stories
  • »
  • 2018
  • »
  • March

West Virginia law allows employers to deduct unreturned property from wages

by Rumbidzai Karen Musvosvi | Mar 20, 2018

If the employer decides to deduct wages, he or she must give the employee a written notice.
If the employer decides to deduct wages, he or she must give the employee a written notice. | File photo

Effective May 15, West Virginia will give employers the right to recover “unreturned employer-provided property” through wage deductions under certain conditions.

The employee needs to have failed to return the property within the agreed-upon time as stated in a written agreement, which needs to contain specific information.

If the employer decides to deduct wages, he or she must give the employee a written notice upon being fired or resigning as to the replacement cost of the unreturned property. The notice needs to give the employee the option to return the property within 10 business days.

If the property is returned within the deadline in reasonable condition, then the employer must give the employee his or her wages. Additionally, the employer may only “withhold, deduct or divert” wages up to the replacement cost of the unreturned property.

Find the complete rules and exceptions here.




More News

CHARLES SCHWAB: Put 2021 on the Fast Track with a Financial Fartlek

GENWORTH FINANCIAL: Genworth And Oceanwide Provide Transaction Update; Genworth To Focus on Contingency Plan

GREAT WESTERN BANK: A Stronger Commitment to Our Customers

ROBERT W. BAIRD & CO. INCORPORATED: Baird BOS Serves as Financial Advisor to Halma in Sale of Fiberguide to Molex

PRINCIPAL FINANCIAL GROUP: January economic outlook: an economy that’s treading water—and why it matters for your wallet

ROBERT W. BAIRD & CO. INCORPORATED: Baird and Huntington Announce Joint Marketing Arrangement for Real Estate Investment Banking

Trending

ROBERT W. BAIRD & CO. INCORPORATED: Baird Investment Banking Adds Derrick Li to Global Healthcare Team, Expands BioPharma Coverage

by Press release submission | Dec 10, 2020

  • Copyright © 2025 Wealth Management Wire. All rights reserved.

  • News
  • About
  • Contact
  • Privacy Policy
  • Terms of Service

Alerts Sign-up