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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 20 - Employees' Benefits |
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Chapter II - Railroad Retirement Board |
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SubChapter B - Regulations Under the Railroad Retirement Act |
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Part 220 - Determining Disability |
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Subpart M - Disability Annuity Earnings Restrictions |
§ 220.163 - Employee penalty deductions.
Latest version.
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§ 220.163 Employee penalty deductions.
If the employee earns over $400 in a month and does not report it within the time limit shown in § 220.162(b), a penalty is imposed. The penalty deduction for the first failure to report equals the annuity amount for the first month in which the employee earned over $400. The deduction for a second or later failure to report equals the annuity amount for each month in which the employee earned over $400 and failed to report it on time.