GroundRules
20 CFR 404.1263: When fractional part of a cent may be disregarded—for wages paid prior to 1987.
Where this section sits in the code
- Title 20—Employees' Benefits
- CHAPTER III—SOCIAL SECURITY ADMINISTRATION
- PART 404—FEDERAL OLD-AGE, SURVIVORS AND DISABILITY INSURANCE (1950- )
- Subpart M—Coverage of Employees of State and Local Governments
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.
Collected 2026-08-27T02:24:45Z. Source file · JSON