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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 20 - Employees' Benefits |
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Chapter II - Railroad Retirement Board |
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SubChapter B - Regulations Under the Railroad Retirement Act |
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Part 206 - Account Benefits Ratio |
§ 206.2 - Computation.
Latest version.
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§ 206.2 Computation.
(a) On or before November 1, 2003, the Railroad Retirement Board shall:
(1) Compute the account benefits ratios for each of the most recent 10 preceding fiscal years; and
(2) Certify the account benefits ratio for each such fiscal year to the Secretary of the Treasury.
(b) On or before November 1 of each year after 2003, the Railroad Retirement Board shall:
(1) Compute the account benefits ratio for the fiscal year ending in such year; and
(2) Certify the account benefits ratio for such fiscal year to the Secretary of the Treasury.
(c) No later than May 1 of each year, beginning 2003, the Board shall compute its projection of the account benefits ratio and the average account benefits ratios for each of the next succeeding 5 fiscal years.