Code of Federal Regulations · Section

§ 220.163 — Employee Penalty Deductions

20 C.F.R. § 220.163

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If the employee earns over $400 in a month and does not report it within the time limit shown in § 220.162(b), a penalty is imposed. The penalty deduction for the first failure to report equals the annuity amount for the first month in which the employee earned over $400. The deduction for a second or later failure to report equals the annuity amount for each month in which the employee earned over $400 and failed to report it on time.

20 C.F.R. § 220.162 20 C.F.R. § 220.164

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