Vitamin B1 (Thiamin): Vitamin B1 is a water-soluble vitamin that the body requires to break down carbohydrates, fat, and protein. Every cell of the body requires vitamin B1 to form adenosine triphosphate (ATP). Vitamin B1 is also essential for the proper functioning of nerve cells.
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.
If you use enterprise content management to automatically destroy payroll records after six years, don't change your retention schedule. How long do I really need to retain payroll records? To answer this question, we need to start with an introduction to Ms. Lilly Ledbetter.