§ 206.2. Computation.
130 words·~1 min read·
/us/cfr/t20/s§ 206.2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)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 ratio for each such fiscal year to the Secretary of the Treasury.
(b)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)No later than May 1 of each year, beginning 2003, the Board shall compute its projection of the account benefits ratio and the average account benefits ratios for each of the next succeeding 5 fiscal years.