[Code of Federal Regulations]
[Title 20, Volume 1]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 20CFR266.7]

[Page 507-508]
 
                      TITLE 20--EMPLOYEES' BENEFITS
 
                  CHAPTER II--RAILROAD RETIREMENT BOARD
 
PART 266_REPRESENTATIVE PAYMENT--Table of Contents
 
Sec. 266.7  Accountability of a representative payee.

    (a) A representative payee is accountable for the use of benefits. 
The Board will require periodic written reports from representative 
payees. The Board may also, at the Board's option, verify how a 
representative payee used benefit payments. A representative payee must 
keep records of what was done with all benefit payments in order to make 
accounting reports. The Board may ask the following questions:
    (1) The amount of benefit payments on hand at the beginning of the 
accounting period;
    (2) How the benefit payments were used;
    (3) How much of the benefit payments were saved and how the savings 
were invested;
    (4) Where the annuitant lived during the accounting period;
    (5) The amount of the annuitant's income from other sources during 
the accounting period. The Board may ask for information about other 
funds to enable the Board to evaluate the use of benefit payments; and
    (6) Whether the representative payee has been convicted of a felony 
or misdemeanor offense under the statutes administered by the Board or 
by the Social Security Administration within the past 15 years or 
whether any such charges are pending.
    (b) An individual to whom payments are certified as representative 
payee on behalf of an annuitant shall submit a

[[Page 508]]

written report in such form and at such times as the Board may require, 
accounting for the payments certified to him or her on behalf of the 
annuitant. If, however, such payee is a court-appointed fiduciary and, 
as such, is required to make an annual accounting to the court, a true 
copy of each such account filed with the court may be submitted in lieu 
of the accounting form prescribed by the Board. If any representative 
payee fails to submit the required accounting within a reasonable period 
of time after it is requested, no further payments shall be made to him 
or her on behalf of the annuitant unless for good cause shown, the 
default of the representative payee is excused by the Board, and the 
required accounting is thereafter submitted.
    (c) At any time after the Board has selected a representative payee, 
the Board may ask such payee to submit information showing a continuing 
relationship to the annuitant and a continuing responsibility for the 
care of the annuitant. If the representative payee does not give the 
Board the requested information within a reasonable period of time, the 
Board may stop paying such payee unless the Board determines that the 
payee had a good reason for not complying with the Board's request, and 
the Board receives the information requested.

(Approved by the Office of Management and Budget under control numbers 
3220-0052 and 3220-0151)
    (d) Where, pursuant to paragraph (b) or (c) of this section, the 
Board suspends payments, such suspension shall not exceed a period of 30 
days; thereafter, the payments will be made to the annuitant except 
where the annuitant is an unemancipated minor under age 18 or where in 
the Board's judgment the interests of the annuitant would not be served 
by releasing payment to the annuitant.