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BEFORE THE NEW YORK CITY POLICE DEPARTMENT LEGAL BUREAU NEW YORK, NY ___ NOTICE OF OPPORTUNITY TO COMMENT ON PROPOSED RULE REVISION OF CHAPTER 11 OF TITLE 38 OF THE OFFICIAL COMPILATION OF RULES OF
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Chapter 11 compensation is for providing compensation to employees who have been impacted by a financial restructuring or bankruptcy of a company.
Employers who are going through a financial restructuring or bankruptcy and need to compensate employees who may be affected.
Chapter 11 compensation forms need to be filled out with details of the affected employees, the amounts to be compensated, and the reasons for the compensation.
The purpose of chapter 11 compensation is to ensure that employees who have been adversely affected by a financial restructuring or bankruptcy are fairly compensated for their losses.
Information such as employee names, positions, compensation amounts, reasons for compensation, and any relevant documentation must be reported on chapter 11 compensation forms.
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