Texas Document Organizer and Retention

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State:
Multi-State
Control #:
US-1139BG
Format:
Word; 
Rich Text
Instant download

Description

Many financial experts recommend that you keep your personal documents in a safe deposit box and a home file. As a general rule, keep any item in your safe deposit box if: (1) it must be used to prove ownership in case of an insurance loss; (2) it must be used to claim a future benefit, such as a pension; (3) it is small and valuable and you do not use it often; or (4) it is difficult to replace and you do not use it often. Be sure to check with your bank about any state laws which may limit access to your safe deposit box. For example, some states, for estate tax purposes, seal the box after the owner's death. Under what conditions can your heirs open your box? How long must they wait? Do you have a co-owner or co-signer for your safe deposit box?
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FAQ

Records relating to school management Can consider archiving/storing anything important. Retain in school for 3 years from report date.

Hiring documentation - under EEOC rules, all records relating to the hiring process must be kept for at least one year following the date the employee was hired for the position in question; if a claim or lawsuit is filed, the records must be kept while the action is pending.

6.2 Retention times for specific records are defined in Table 1, unless otherwise specified quality records shall be retained for 10 years. In no case shall the retention time be less than seven years after final payment on the associated contract.

In some cases, you can. Many HISD high schools keep the most recent five-to-seven years' graduation records and student transcripts on file at their campuses before transferring them to the Hattie Mae White Educational Support Center (Inactive Records Department). Check the list below to see where your file is located.

The employer should retain the records in question for three years after termination of employment. A wage and attendance register. The forms are to be retained for the stipulated three years from the date of the last entry.

When you accept resumes or applications in relation to a job, the resumes should be maintained for one year for compliance with an assortment of laws. Federal contractors should maintain these records for at least two years.

A DRP will identify documents that need to be maintained, contain guidelines for how long certain documents should be kept, and save your company valuable computer and physical storage space.

Because final expenditure reports are submitted by the Texas Education Agency after all reports from districts are received, a 5-year retention period for many records of school districts is necessary to satisfy this requirement adequately.

While some wage and hour records must be kept only two years, others require retention for three years under the federal law, and since the Texas unemployment tax rules require a four-year retention period for payroll records, it is a good idea to keep all wage and hour records for at least four years.

The ADEA requires retention of employment records, such as job applications and resumes, for one year. This includes applications for permanent and temporary positions.

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Texas Document Organizer and Retention