§ 28-14-2.2 Frequency of payment. – (a) Except as provided in §§ 28-14-4 and 28-14-5, every employee other than employees of the state and its political subdivisions and of religious, literary, or charitable corporations shall be paid weekly all due wages from his or her employer, except those employees whose compensation is fixed at a biweekly, semi-monthly, monthly, or yearly rate.
(b) The director may, upon written petition showing good and
sufficient reason, permit the employer and its affiliates to pay wages less
frequently than weekly provided: (1) The employer or one or more of its
affiliates is in the financial services or investment advisory business; (2)
The employer and its affiliates have more than two thousand (2,000) employees
located in Rhode Island; (3) The employer's average payroll exceeds one hundred
twenty-five percent (125%) of the average compensation of all employees in the
state as defined in subsection 42-64.11-2(c); (4) The employer makes payment of
wages regularly on a predesignated date no less than twice per month; and (5)
The employer provides proof of a surety bond or other sufficient demonstration
of security in the amount of the highest biweekly payroll exposure in the
preceding year for the employees subject to the petition.
(P.L. 1977, ch. 223, § 2; P.L. 2011, ch. 340, § 1; P.L. 2011, ch.
372, § 1.)