Statutes, codes, and regulations
Code of Federal Regulations
Title 20 - EMPLOYEES' BENEFITSChapter III - SOCIAL SECURITY ADMINISTRATIONPart 404 - FEDERAL OLD-AGE, SURVIVORS AND DISABILITY INSURANCE (1950-)Subpart M - COVERAGE OF EMPLOYEES OF STATE AND LOCAL GOVERNMENTS
FIGURING THE AMOUNT OF THE STATE'S CONTRIBUTIONS-FOR WAGES PAID PRIOR TO 1987
Section 404.1263 - When fractional part of a cent may be disregarded-for wages paid prior to 1987

20 C.F.R. § 404.1263

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Current through October 31, 2024
Section 404.1263 - When fractional part of a cent may be disregarded-for wages paid prior to 1987

In paying contributions to a Federal Reserve bank or branch, a State may disregard a fractional part of a cent unless it amounts to one-half cent or more, in which case it shall be increased to one cent. Fractional parts of a cent shall be used in computing the total of contributions.

20 C.F.R. §404.1263