[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: 20CFR266.9]



[Page 527-528]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 266_REPRESENTATIVE PAYMENT--Table of Contents

 

Sec.  266.9  Responsibilities of a representative payee.



    (a) A representative payee shall, subject to review by the Board and 

to such requirements as it may from time-to-time prescribe, apply the 

payments



[[Page 528]]



made to him or her on behalf of the annuitant only for the use and 

benefit of such annuitant, and in a manner and for purposes which are in 

the annuitant's best interests.

    (b) A representative payee shall notify the Board of any event that 

will affect the amount of benefits the annuitant receives or the right 

of the annuitant to receive benefits.

    (c) A representative payee shall notify the Board of any change in 

his or her circumstances that would affect performance of the payee 

responsibilities.