[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: 20CFR228.60]



[Page 475]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 228_COMPUTATION OF SURVIVOR ANNUITIES--Table of Contents

 

                 Subpart C_The Tier II Annuity Component

 

Sec.  228.60  Cost-of-living increase.



    The tier II annuity component of a survivor annuity under the 

Railroad Retirement Act is increased by 32.5 percent of the percentage 

increase under section 215(i) of the Social Security Act at the same 

time that any such increase is payable. The amount of the increase is 

published in the Federal Register annually. The cost-of-living is 

payable beginning with the benefit payable for the month of December of 

the year for which the increase is due. The increase is paid in the 

January payment. In addition, in determining the amount of the tier II 

component at the time the survivor annuity begins, all cost-of-living 

increases that were applied or would have been applied after the 

employee's annuity beginning date or death and prior to the surviving 

annuity beginning date are taken into consideration.