Contracts are always tricky.  Remember that the 4-yr retention period is
only a standard minimum.  Many contracts actually have a mandated
retention period specified within the contract itself (most often it is
longer than the 4-yr minimum).  Thus, contract admins are very hesitant
to adhere to the 4-yr mandate specified in the published schedule.

Thanks,
Dustin
 
-----Original Message-----
Steve wrote:  Contracts are to be destroyed 4 years after expiring.  The
trigger is the expiration/termination date and the actual retention is
"End of year plus 4." Apparently, they have never gotten rid of any
expired contracts. Also, they have a lot of contracts that we have no
records of but, that's not my main concern right now as that's easily
addressed. Anyway, does anyone have any example of penalties handed out
(relatively RECENTLY) for failing to follow their retention schedule?

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