[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: 20CFR226.60]

[Page 444]
 
                      TITLE 20--EMPLOYEES' BENEFITS
 
                  CHAPTER II--RAILROAD RETIREMENT BOARD
 
PART 226_COMPUTING EMPLOYEE, SPOUSE, AND DIVORCED SPOUSE ANNUITIES
--Table of Contents
 
       Subpart E_Years of Service and Average Monthly Compensation
 
Sec. 226.60  General.


    The years of service and average monthly compensation used in 
computing an employee's tier II annuity rate are based on the employee's 
creditable railroad service and compensation as described in parts 210 
and 211 of this chapter. In computing the average monthly compensation, 
the compensation for each year cannot be higher than twelve times the 
tier II monthly maximum creditable for that year, as described in part 
211 of this chapter.