26 CFR 31.3306(b)(8)-1 - Payments to employees for non-work periods.
The term “wages” does not include any payment (other than vacation or sick pay) made by an employer to an employee after the calendar month in which the employee attains age 65, if -
(a) Such employee does no work (other than being subject to call for the performance of work) for such employer in the period for which such payment is made; and
(b) The employer-employee relationship exists between the employer and employee throughout the period for which such payment is made.
Title 26 published on 2015-04-01
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 26 CFR Part 31 after this date.