[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: 20CFR226.62]



[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.  226.62  Computing average monthly compensation.



    The employee's average monthly compensation is computed by first 

determining the employee's highest 60 months of railroad compensation 

(disregarding compensation in excess of the maximum creditable tier II 

compensation for that year). The total of the highest 60 months is then 

divided by 60 to determine the average monthly compensation.