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 an employee's net pay in the form requested by the employee, as long as they indicate their preference in writing. This requirement extends to all State entities, including public institutions of higher education, ensuring that all employees have the option to receive their compensation via paper check.
Additionally, the bill stipulates that 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. Claimants will be required to sign this notice to designate their preferred payment method and will have the opportunity to change their payment option at any time. Furthermore, the Director of the Division of Taxation is instructed to offer taxpayers due a refund the choice of receiving their refund as a paper check, thereby enhancing payment flexibility for various State financial transactions.