45 USC 231v - Computation and certification of account benefit ratios

U.S Code last checked for updates: May 18, 2024

§ 231v.

Computation and certification of account benefit ratios

(a)

Initial computation and certification

On or before November 1, 2003, the Railroad Retirement Board shall—

(1)

compute the account benefits ratios for each of the most recent 10 preceding fiscal years, and

(2)

certify the account benefits ratios for each such fiscal year to the Secretary of the Treasury.

(b)

Computations and certifications after 2003

On or before November 1 of each year after 2003, the Railroad Retirement Board shall—

(1)

compute the account benefits ratio for the fiscal year ending in such year, and

(2)

certify the account benefits ratio for such fiscal year to the Secretary of the Treasury.

(c)

Definition

(Aug. 29, 1935, ch. 812, § 23, as added Pub. L. 107–90, title I, § 108(b), Dec. 21, 2001, 115 Stat. 890.)

cite as: 45 USC 231v