20 CFR 266.15
§ 266.15 Transfer of accumulated benefit payments.
United States · 20 CFR — Employees' Benefits · Status: effective
Cite this
- Citation
- 20 CFR 266.15, § 266.15 Transfer of accumulated benefit payments, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/77675
- Permanent ID
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Full text
A representative payee who has conserved or invested funds from railroad retirement payments made to him or her on behalf of an annuitant shall, upon direction of the Board, transfer any such funds (including interest or dividends earned from investment of such funds) to a successor representative payee appointed by the Board, or, at the option of the Board, shall transfer such funds, including interest, to the Board for payment to a successor payee or to the annuitant.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.