Sec. 23. computation and certification of account benefit ratios
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## Sec. 23 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 As used in this section, the term “**account benefits ratio**” has the meaning given that term in section 3241(c) of the Internal Revenue Code of 1986. **[**[45 U.S.C. 231v](/us/usc/t45/s231v)**]**
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Sec. 23
computation and certification of account benefit ratios
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