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.
How long do you keep the I-9 Employment Eligibility Verifications for terminated employees? How long do you have to keep time cards? According to the Fair Labor Standards Act (FLSA) web site on this matter (http://www.dol.gov/whd/regs/compliance/whdfs21.pdf), time cards need to be kept for two years.