PAID Holidays: Paid Holidays are days for which an eligible employee receives a regular day's pay, but is not required to perform work. The Fair Labor Standards Act (FLSA) does not require payment for time not worked, such as vacations or holidays (federal or otherwise).Employers do not have to give employees holiday pay if the employee voluntarily works on the holiday. Upon termination of employment for any reason, cash payment for accrued vacation shall be made. This pamphlet is intended to provide Employers and Employees with general information about their employment rights and responsibilities in New York State. This knowledge is an essential component in the ongoing fight for better wages and treatment. A United States labor law that creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week. To reimburse the Employer for time out of work. Employment Restoration. Below is information about laws and regulations, including wages, benefits, safety and health, that affect businesses and workers within the State of Illinois.