§ 1627.7 - Recipient policies, procedures and recordkeeping.

§ 1627.7 Tax sheltered annuities, retirement accounts and pensions.

Cross Reference

Link to an amendment published at 82 FR 10283, Feb. 10, 2017.

No provision contained in this part shall be construed to affect any payment by a recipient on behalf of its employees for the purpose of contributing to or funding a tax sheltered annuity, retirement account, or pension fund.

[62 FR 19418, Apr. 21, 1997]

Recipient policies, procedures and recordkeeping.

Each recipient must adopt written policies and procedures to guide its staff in complying with this part and must maintain records sufficient to document the recipient's compliance with this part.