[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: 20CFR229.49]



[Page 482-483]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 229_SOCIAL SECURITY OVERALL MINIMUM GUARANTEE--Table of Contents

 

            Subpart F_Computation of the Overall Minimum Rate

 

Sec.  229.49  Adjustment of benefits under family maximum for change 

in family group.



    (a) Increase in family group. If an overall minimum rate is adjusted 

for the family maximum and an additional family member can be included, 

the benefits payable to previous auxiliary beneficiaries (spouse and 

children) are reduced to provide a share for the new family member. The 

difference between the Overall Minimum PIA (see Sec.  225.15 of this 

part) and the family maximum amount is divided by the increased number 

of auxiliary beneficiaries. If the amount of each benefit is not a 

multiple of $0.10, it is rounded to the next lower multiple of $0.10. 

After determining a beneficiary's share (the amount after reduction for 

other benefits) the amount is rounded to the next lowest multiple of 

$1.00, if it is not already a multiple of $1.00.

    (b) Decrease in family group. If an overall minimum rate is adjusted 

for the family maximum and there is a decrease in the number of eligible 

family members, the benefits for the remaining auxiliary beneficiaries 

(spouse and children) are increased. If the family maximum still 

applies, the difference between the Overall Minimum PIA and the family 

maximum amount is divided by the number of remaining auxiliary 

beneficiaries. If the amount of each benefit is not a multiple of $0.10, 

it is rounded to the next lower multiple of



[[Page 483]]



$0.10. After determining the beneficiary's share (the amount after 

reduction for other benefits) the amount is rounded to the next lowest 

multiple of $1.00, if it is not already a multiple of $1.00.

    (c) Effective date of rate change. The overall minimum rate changes 

described in paragraphs (a) and (b) of this section are effective the 

month in which the number of auxiliary beneficiaries changes.