[Code of Federal Regulations]
[Title 20, Volume 1]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 20CFR225.1]

[Page 423-424]
 
                      TITLE 20--EMPLOYEES' BENEFITS
 
                  CHAPTER II--RAILROAD RETIREMENT BOARD
 
PART 225_PRIMARY INSURANCE AMOUNT DETERMINATIONS--Table of Contents
 
                            Subpart A_General
 
Sec. 225.1  Introduction.




                            Subpart A_General

Sec.
225.1 Introduction.
225.2 Definitions.
225.3 PIA computation formulas.
225.4 Limitation on amount of earnings used to compute a PIA.

 Subpart B_PIA's Used in Computing Employee, Spouse and Divorced Spouse 
                                Annuities

225.10 General.
225.11 Tier I PIA.
225.12 Combined Earnings Dual Benefit PIA.
225.13 Social Security Earnings Dual Benefit PIA.
225.14 Railroad Earnings Dual Benefit PIA.
225.15 Overall Minimum PIA.

 Subpart C_PIA's Used in Computing Survivor Annuities and the Amount of 
                      the Residual Lump-Sum Payable

225.20 General.
225.21 Survivor Tier I PIA.
225.22 Employee RIB PIA used in survivor annuities.
225.23 Combined Earnings PIA used in survivor annuities.
225.24 SS Earnings PIA used in survivor annuities.
225.25 RR Earnings PIA used in survivor annuities.
225.26 Residual Lump-Sum PIA.

                  Subpart D_Delayed Retirement Credits

225.30 General.
225.31 PIA's to which DRC's are added.
225.32 DRC's and the Special Minimum PIA.
225.33 Months for which DRC's are due.

[[Page 424]]

225.34 How the amount of the DRC is figured.
225.35 When a PIA used in computing a retirement annuity can be 
          increased for DRC's.
225.36 Effect of DRC's on survivor annuities.

                   Subpart E_Cost-of-Living Increases

225.40 General.
225.41 How a cost-of-living increase is determined and applied.
225.42 Notice of the percentage amount of a cost-of-living increase.
225.43 PIA's subject to cost-of-living increases.
225.44 When a cost-of-living increase is payable.

                       Subpart F_Recomputing PIA's

225.50 General.
225.51 PIA's that are subject to recomputation.
225.52 Reasons for recomputing a PIA.
225.53 Recomputation to consider additional earnings.
225.54 Recomputation when an employee is eligible for periodic pension 
          payments based on other than railroad or social security 
          earnings.
225.55 Recomputation to use a new or different PIA formula.
225.56 Automatic recomputation.
225.57 Requesting a recomputation.
225.58 Waiver of recomputation.

                        Subpart G_Adjusting PIA's

225.60 Adjustment at age 62 when employee is entitled to an annuity 
          based on 30 years of railroad service.

    Authority: 45 U.S.C. 231f(b)(5).

    Source: 54 FR 12903, Mar. 29, 1989, unless otherwise noted.



    This part discusses Primary Insurance Amount, which is referred to 
as PIA throughout this part, and which is an important element in the 
calculation of any retirement or survivor annuity. There are a number of 
PIA computations based on different periods, amounts, and types of 
earnings. However, the formulas for computing any PIA are prescribed in 
section 215 of the Social Security Act and are described in detail in 
the regulations of the Social Security Administration (20 CFR part 404, 
subpart C). This part discusses PIA computation formulas and relates 
them to the PIA's which the Board uses. Descriptions of the majority of 
PIA's used in computing retirement or survivor annuities under the 
Railroad Retirement Act are contained in this part. Explanations are 
included of when delayed retirement credits and cost-of-living increases 
can be added to the PIA's used by the Board. This part also explains 
when and how a PIA is recomputed or adjusted. Since these regulations 
are intended to address annuities currently being awarded, certain 
PIA's, not used in the computation of annuities awarded after August 13, 
1981, are not included in these regulations. Parts 226, 228 and 229 of 
this chapter explain how PIA's are used in actual annuity computations.