§416.660. Transfer of accumulated benefit payments.
20 C.F.R. § 416.660
A representative payee who has conserved or invested benefit payments shall transfer these funds and the interest earned from the invested funds to either a successor payee, to the beneficiary, or to us, as we will specify. If the funds and the earned interest are returned to us, we will recertify them to a successor representative payee or to the beneficiary.
Notes, amendments, and revision history
Amendments
[47 FR 30475, July 14, 1982, as amended at 75 FR 7552, Feb. 22, 2010]
Authority
Authority: Secs. 205(j)(1)(C), 702(a)(5), 1631(a)(2) and (d)(1) of the Social Security Act (42 U.S.C. 405(j)(1)(C), 902(a)(5), 1383(a)(2) and (d)(1)).
Source
Source: 47 FR 30475, July 14, 1982, unless otherwise noted.
Amendments
[47 FR 30475, July 14, 1982, as amended at 75 FR 7552, Feb. 22, 2010]