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Re: records retention Gregory Schmidt 01 May 2002 08:28 EST

Molly:

They're probably referring to IRS payroll rules.  The IRS wants 7 years
of payroll information.  This doesn't equate to other personnel records
(hiring information, evaluations, promotions, sanctions, etc.), which
you'd want to keep for as long as the employee is employed by you, and
then (probably) 3 years after.

Greg Schmidt

RESADM-L Member wrote:

>Hi RESADM-L'ers,
>
>one of our funding agencies has informed us that personnel records relating
>to federally funded proposals must be retained by our organization for seven
>years. Can anyone point me to the source of this regulation?
>
>-----------------
>Molly Daniel
>Grants Specialist
>Planning Dept.
>Sarah Bush Lincoln Health Center
>1000 Health Center Drive
>Mattoon, IL 61938-0372
>tel. 217-258-2195
>fax 217-258-4135
>email: xxxxxx@sblhs.org <mailto:xxxxxx@sblhs.org>
>web: www.sarahbush.org <http://www.sarahbush.org>
>
>
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