1 Accident Insurance is a limited benefit policy. This is not health insurance and does not satisfy the requirement of minimum essential coverage under the Affordable Care Act. 2 This varies by state and the accident insurance plan offered by your employer.
EEOC Regulations require that employers keep all personnel or employment records for one year. If an employee is involuntarily terminated, his/her personnel records must be retained for one year from the date of termination. Under ADEA recordkeeping requirements, employers must also keep all payroll records for three years.
These include: 1  I-9s. They must be kept 1 year beyond the employment of the employee if they have been employed longer than three years. 2  OSHA exposure records. The six year timeframe will cover the 5 years that the OSHA 300 logs have to be kept, but it does not cover the 30 years that exposure records must be kept. 3  Litigation.