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.
For purposes of the Age Discrimination in Employment Act (ADEA), employers are required to keep payroll records for the same length of time required under the FLSA -- three years from the termination date. However, other employee benefit information must be retained for only one year.