[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 442-443] 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 443]] 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.