[Federal Register Volume 61, Number 235 (Thursday, December 5, 1996)]
[Notices]
[Pages 64547-64548]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-30977]
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RAILROAD RETIREMENT BOARD
1997 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
[[Page 64548]]
of each year certain system-wide factors used in calculating
experience-based employer contribution rates for the following year.
The Railroad Retirement 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 Railroad Retirement Board gives notice of the
following system-wide factors used in the computation of individual
employer contribution rates for 1997:
(1) The balance to the credit of the Railroad Unemployment
Insurance (RUI) Account, as of June 30, 1996, is $136,017,033.90;
(2) The balance of any new loans to the Account, including accrued
interest, is zero;
(3) The system compensation base is $2,724,133,182.21;
(4) The system unallocated charge balance is -$185,148,121.98;
(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, 1996. The balance in
notice (2) is based on data as of September 30, 1996. 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 1997.
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, Office of Programs--Policy and Systems, Railroad
Retirement Board, 844 North Rush Street, Chicago, Illinois 60611-2092,
telephone (312) 751-4567.
Dated: November 26, 1996.
By authority of the Board.
Beatrice Ezerski,
Secretary to the Board.
[FR Doc. 96-30977 Filed 12-4-96; 8:45 am]
BILLING CODE 7905-01-M
