20 CFR 229.90 - Proportionate shares of overall minimum.

Regulations last checked for updates: May 18, 2024

Title 20 - Employees' Benefits last revised: May 03, 2024

View all text of Subpart I [§ 229.90 - § 229.91]

§ 229.90 - Proportionate shares of overall minimum.

When both the employee and the spouse are entitled to annuities and the overall minimum rate is higher than the railroad formula rate, the overall minimum amount must be divided between the employee and spouse. The employee receives two-thirds of the total O/M rate. The spouse receives one-third of the total O/M rate.

authority: 45 U.S.C. 231(f)(b)(5)

source: 58 FR 53397, Oct. 15, 1993, unless otherwise noted.

cite as: 20 CFR 229.90