[Federal Register Volume 60, Number 220 (Wednesday, November 15, 1995)]
[Notices]
[Page 57471]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-28112]
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RAILROAD RETIREMENT BOARD
1996 Railroad Experience Rating Proclamations
AGENCY: Railroad Retirement Board.
ACTION: Notice.
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SUMMARY: The Railroad Retirement Board is required by paragraph (1) of
section 8(c) of the Railroad Unemployment Insurance Act (Act) (45
U.S.C. 358(c)(1)), as amended by Public Law 100-647, to proclaim by
October 15 of each year certain system-wide factors used in calculating
experience-based employer contribution rates for the following year.
The Board is further required by section 8(c)(2) of the Act to publish
the amounts so determined and proclaimed. Pursuant to section 8(c)(2),
the Board gives notice of the following system-wide factors used in the
computation of individual employer contribution rates for 1996:.
(1) The balance to the credit of the Railroad Unemployment
Insurance (RUI) Account, as of June 30, 1995, is $184,398,531.65;
(2) The balance of any new loans to the Account, including accrued
interest, is zero;
(3) The system compensation base in $2,818,188,567.38;
(4) The system unallocated charge balance is -$171,450,992.09;
(5) The pooled credit ratio is zero;
(6) The pooled charge ratio is zero;
(7) The surcharge rate is zero.
DATES: The balance in notice (1) and the determinations made in notices
(3) through (7) are based on data as of June 30, 1995. The balance in
notice (2) is based on data as of September 30, 1995. The
determinations made in notices (5) through (7) apply to the
calculation, under section 8(a)(1)(C) of the Act, of employer
contribution rates for 1996.
ADDRESSES: Secretary to the Board, Railroad Retirement Board, 844 Rush
Street, Chicago, Illinois 60611.
FOR FURTHER INFORMATION CONTACT: Gerald E. Helmling, Chief of
Experience Rating, Bureau of Unemployment and Sickness Insurance,
Railroad Retirement Board, 844 North Rush Street, Chicago, Illinois
60611-2092, telephone (312) 751-4567.
Dated: November 6, 1995.
By Authority of the Board.
Beatrice Ezerski,
Secretary to the Board.
[FR Doc. 95-28112 Filed 11-14-95; 8:45 am]
BILLING CODE 7905-01-M
