[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: 20CFR225.4]



[Page 445]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 225_PRIMARY INSURANCE AMOUNT DETERMINATIONS--Table of Contents

 

                            Subpart A_General

 

Sec.  225.4  Limitation on amount of earnings used to compute a PIA.



    Certain PIA's used by the Board are based on a combination of 

compensation and wages, while other PIA's used by the Board are based 

solely on either compensation or wages. For purposes of crediting 

earnings when computing any PIA, compensation is always treated as 

wages. Regardless of whether a PIA is based on a combination of 

compensation and wages or exclusively on either compensation or wages, 

the total earnings for each year used in computing a PIA cannot be 

higher than the maximum social security earnings creditable in that year 

under sections 209(a) and 211(b) of the Social Security Act. The various 

PIA's used by the Board are described in subparts B and C of this part.