Benefits May 5, 2006
Bank Agrees to $1M in Back Payments for Overtime
May 5, 2006 (PLANSPONSOR.com) - Birmingham,
Alabama-based Compass Bank has agreed to pay almost 2,961
workers more than $1 million in back overtime pay.
Reported by Rebecca Moore
The Associated Press reports that the average payment to each of the affected employees will be $350.
The Department of Labor (DoL) said investigators found that tellers and other employees frequently worked through their lunch break or worked after hours at branches in Alabama, Arizona, Colorado, Florida, New Mexico and Texas from September 2003 through August 2005, according to the AP.
The DoL statement said Compass repeatedly failed to record the overtime or pay the employees.