Under the Court's rulings, the amount of back wages that eligible class members receive varies according to the time period involved and the state in which the class member attended sign-up. In all cases, the payment was at the state minimum wage rate that applied during the time period in which the class member attended the sign-up session. Other states had different rates, some lower than Washington. The number of hours compensated varies from 1.75 hours to 7.5 hours. The interest payments were computed from the date of the sign-up session attended through March 30, 2001.
Interest rates vary from state to state.
No taxes will be withheld from your interest check, but interest payments will be reported to the IRS on a form 1099 for the year 2001.