[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: 20CFR266.15]



[Page 530]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 266_REPRESENTATIVE PAYMENT--Table of Contents

 

Sec.  266.15  Transfer of accumulated benefit payments.



    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.