[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: 20CFR206.2]



[Page 196]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 206_ACCOUNT BENEFITS RATIO--Table of Contents

 

Sec.  206.2  Computation.



    (a) On or before November 1, 2003, the Railroad Retirement Board 

shall:

    (1) Compute the account benefits ratios for each of the most recent 

10 preceding fiscal years; and

    (2) Certify the account benefits ratio for each such fiscal year to 

the Secretary of the Treasury.

    (b) On or before November 1 of each year after 2003, the Railroad 

Retirement Board shall:

    (1) Compute the account benefits ratio for the fiscal year ending in 

such year; and

    (2) Certify the account benefits ratio for such fiscal year to the 

Secretary of the Treasury.

    (c) No later than May 1 of each year, beginning 2003, the Board 

shall compute its projection of the account benefits ratio and the 

average account benefits ratios for each of the next succeeding 5 fiscal 

years.