[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: 20CFR225.55]

[Page 434]
 
                      TITLE 20--EMPLOYEES' BENEFITS
 
                  CHAPTER II--RAILROAD RETIREMENT BOARD
 
PART 225_PRIMARY INSURANCE AMOUNT DETERMINATIONS--Table of Contents
 
                       Subpart F_Recomputing PIA's
 
Sec. 225.55  Recomputation to use a new or different PIA formula.

    (a) Description--(1) New computation formula. If a new formula for 
computing or recomputing PIA's is enacted into law and the annuitant is 
eligible for the recomputation, the Board will recompute the PIA under 
the new formula.
    (2) Recomputation under different formula. In some cases, a PIA may 
be recomputed under a computation formula different from the formula 
used in the computation (or earlier recomputation) of the PIA. The 
annuitant must be eligible for a computation or recomputation under the 
different formula.
    (b) Effective date of recomputation--(1) New computation formula. A 
PIA recomputed under a newly enacted formula is effective with the month 
as directed in the legislation that establishes the new formula. The new 
PIA formula applies when it produces a PIA that is higher than the 
amount on which the existing annuity is based.
    (2) Different computation formula. A PIA recomputed under a 
different formula is effective with the first month that the different 
formula produces a PIA that is higher than the PIA on which the existing 
annuity is based.

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