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Transfer of Accumulated Benefit Payments

SSA · ssa-other · Published 2010-02-22 · Effective 2010-03-24 · 75 FR 7551

Document

Document number
2010-3380
Federal Register citation
75 FR 7551
CFR reference
20 CFR 404
Type
Rule
Action
Final rule.
Category
ssa-other
Agency
US Social Security Administration
Publication date
2010-02-22
Effective date
2010-03-24
Docket
Docket No. SSA-2009-0067

Abstract

We are revising our regulations to allow a representative payee who will no longer be serving in that capacity to transfer accumulated benefit payments and interest directly to a beneficiary if we determine that it would be in the best interest of the beneficiary. This change will give us more flexibility in deciding how conserved funds should be handled in these circumstances. The change will also reduce or eliminate delays in the delivery of conserved funds to some beneficiaries.

Source

Authoritative
Federal Register document
Machine
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