[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: 20CFR322.2]



[Page 552-553]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 322_REMUNERATION--Table of Contents

 

Sec.  322.2  General definition of remuneration.



    (a) Remuneration. (1) Remuneration includes pay for services for 

hire, pay for time lost as defined in Sec.  322.6, and other earned 

income payable or accruing with respect to any day. Income is ``earned'' 

if it is payable or accrues in consideration of services and if such 

services were in turn rendered in consideration of the income payable or 

accruing.

    (2) Remuneration includes income in the form of a commodity, 

service, or privilege if, before the performance of the service for 

which it is payment, the parties have agreed upon the value of such 

commodity, service, or privilege, and that such part of the amount 

agreed upon to be paid may be paid in the form of such commodity, 

service, or privilege.

    (3) Remuneration for a working day that includes a part of two 

consecutive calendar days is deemed to have been earned on the first of 

such two days.

    (b) Subsidiary remuneration. For the purpose of this part, 

remuneration does not include subsidiary remuneration,



[[Page 553]]



as defined in Sec.  322.9. Subsidiary remuneration for any day does not 

prevent such day from being a day of unemployment or a day of sickness, 

except as explained in Sec.  322.9.

    (c) Supplemental unemployment or sickness benefits. The term 

remuneration does not include money payments received by an employee 

pursuant to any nongovernmental plan for unemployment or sickness 

insurance, as defined in part 323 of this chapter. Employer payments of 

sick pay to an employee are remuneration, except when payment is made 

pursuant to a nongovernmental plan for sickness insurance.



[65 FR 14459, Mar. 17, 2000]