Major players in the gift card business (companies who supply cards to retailers and administer them) either have or will be pulling out of the gift card business in the State of New Jersey. New changes in the New Jersey unclaimed property law allows the state to claim the value of unredeemed cards after just two years.
By: Linda B. Maalouf, Esq.One area that may confuse employers relates to whether an intern must be paid wages in accordance with the Fair Labor Standards Act (FLSA). Generally speaking, employers must pay at least the minimum wage and overtime to their interns under federal and state regulations. The FLSA defines the term employ very broadly as to suffer or permit to work. Any employee who is covered and non-exempt under the law who are suffered or permitted to work must be compensated for the services they perform. Internships in the for-profit private sector will most often be viewed as employment, and therefore must be paid at least the minimum wage and overtime compensation for hours worked over forty in a workweek. (See U.S. Dept of Labor Wage and Hour Division Fact Sheet #71: Internship Programs Under the Fair Labor Standards Act)