This bill mandates that recipients of State tax refunds, unemployment insurance benefits, and State employee compensation be given the option to receive their payments in the form of a paper check. Specifically, it requires the State Treasurer to disburse net pay as indicated in writing by State employees, including those from public institutions of higher education. Additionally, the Division of Unemployment and Temporary Disability Insurance must provide claimants with written notice of their benefit payment options, which include prepaid debit cards, direct deposit, and paper checks, and allow them to change their payment method at any time.
Furthermore, the bill stipulates that the Director of the Division of Taxation must offer taxpayers due a refund the choice to receive their refund as a paper check. This legislation aims to ensure that individuals have the flexibility to choose their preferred payment method, particularly in light of recent changes that have shifted many claimants to prepaid debit cards. The bill is set to take effect immediately upon passage.