What I was taught, is ther eare four values in retetnion scheduling
Legal
Fiscal
Adminstrative
Historical
Chris Flynn
On Fri, Nov 16, 2012 at 11:16 AM, Steve Whitaker <[log in to unmask]>wrote:
> Federal and state regulatory agency requirements for records/info retention
> specify minimum requirements; not retention period. So, one cannot trump
> another.
>
> Here is the retention factor matrix:
> Operational (reference need)
> Fiscal, if any (tax, audit, finance)
> Regulatory, if any (Fed or state published specific regulatory
> requirements)
> Legal, if any (General Counsel advice; considerations for statutes of
> limitations; sometimes for other cultural or political factors)
> Historic, if any (Archival considerations; usually 1-3% of an org's info
> assets; depending upon industry)
>
> The retention for any record series will be the longest of the above
> researched and evaluated requirements. One requirement may be longer than
> the other; the longest will define the retention.
>
> State regulatory agency requirements are not always uniform; frequently
> not.
>
> --
> Best regards, Steve
> Steven D. Whitaker, CRM
> On Fri, Nov 16, 2012 at 5:00 AM, Glen Sanderson
> <[log in to unmask]>wrote:
>
> > We all have should have a schedule that allows us to determine the
> > retention of company records. A retention schedule that has its basis in
> > regulatory and statutory requirements. We know that requirements change
> > and I have heard a few different numbers of laws that affect retention
> > several years ago and I am sure it has increased since. Does anyone know
> > how many laws there are in the US that affect retention? Are they fairly
> > uniform across states? Does federal always trump state or does state
> trump
> > federal?
> >
> > Have a great Friday
> >
> > Glen Sanderson
> > Records Manager, Records and Information Management
> > CALPINE CORPORATION
> > Direct: (713) 315-9335
> > Email: [log in to unmask]<mailto:[log in to unmask]>
> > [Description: cid:image003.png@01CDC246.5876C390]
> > <snip>
>
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