[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: 20CFR233.2]



[Page 489]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 233_REDUCTION IN THE WINDFALL BENEFIT ANNUITY COMPONENT--Table 

of Contents

 

Sec.  233.2  Computation of reduction.



    The amount of the reduction to be made in the windfall benefit 

components of annuities shall be determined in the following manner: the 

balance in the Dual Benefits Payments Account as determined under Sec.  

233.1 shall be divided by the amount of the estimated windfall benefits 

that would be payable for the fiscal year as determined under Sec.  

233.1 to obtain a percentage. This percentage of the unreduced windfall 

benefit component shall be the amount of that component to which persons 

are entitled under the Railroad Retirement Act. In no event, however, 

shall the amount of the windfall benefit exceed the amount that would be 

payable under the Railroad Retirement Act without regard to this 

section.



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