US Code

Public Law 119-134

45 U.S.C. § 231v

Computation and certification of account benefit ratios

Section text and notes

(a)

Initial computation and certification

On or before , 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

26 U.S.C. 3241(c)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 [].

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

Editorial Notes

Prior Provisions

act Aug. 29, 1935, ch. 812, § 23 Pub. L. 98–76, title IV, § 41897 Stat. 438 Pub. L. 100–504, title I102 Stat. 2517 A prior section 231v, , as added , , , provided that for purposes of Inspector General Act of 1978, the Railroad Retirement Board is an “establishment” and the Chairman of such Board the “head of the establishment”, prior to repeal by , §§ 102(e)(3), 113, , , 2530, effective 180 days after .

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