[Code of Federal Regulations]
[Title 20, Volume 1]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 20CFR233.2]

[Page 491]
 
                      TITLE 20--EMPLOYEES' BENEFITS
 
                  CHAPTER II--RAILROAD RETIREMENT BOARD
 
PART 233_REDUCTION IN THE WINDFALL BENEFIT ANNUITY COMPONENT--Table of 
 
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.

[[Page 492]]