N.J. Admin. Code § 12:69-1.5

Current through Register Vol. 56, No. 24, December 18, 2024

Section 12:69-1.5 - Interest

(a) When the Commissioner makes an award of back pay, he or she may also award interest in the following situations:

1. When an employer has unreasonably delayed compliance with an order of the Commissioner to pay wages owned to an employee;

2. Where an equitable remedy is required in order to recover the loss of the present value of the money retained by the employer over an extensive period of time; or

3. Where the Commissioner finds sufficient cause based on the particular case.

(b) Where applicable, interest deemed owed to an employee shall be calculated at the annual rate set forth in New Jersey Court Rules, Rule 4:42-11.

N.J. Admin. Code § 12:69-1.5

Adopted by 52 N.J.R. 20(a), effective 1/6/2020