[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: 20CFR233.4]

[Page 492]
 
                      TITLE 20--EMPLOYEES' BENEFITS
 
                  CHAPTER II--RAILROAD RETIREMENT BOARD
 
PART 233_REDUCTION IN THE WINDFALL BENEFIT ANNUITY COMPONENT--Table of 
 
Sec.  233.4  Reconsideration of the reduction computation.

    The Board shall periodically, but at least quarterly, examine the 
determinations and calculations made under Sec. Sec.  233.1 and 233.2, 
in view of changes which may occur in the estimates used. If, as a 
result of this examination, the Board determines that the balance in the 
Dual Benefits Payments Account will be insufficient to pay benefits from 
that Account for the balance of the fiscal year at the established rate, 
the Board shall establish a new rate of reduction to be applied to 
benefits to be paid for the remaining months so that the balance in the 
Dual Benefits Payments Account will be sufficient to pay benefits for 
the remainder of the fiscal year. If, as a result of this examination, 
the Board finds that the balance in the Account is greater than would be 
required to pay benefits at the then applicable reduction percentage for 
the remainder of the fiscal year, the Board may, at its discretion, 
decrease the reduction percentage with respect to benefits to be paid 
for the remaining months.