[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 463]

 

                      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.