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Title 45, RailroadsRelease 119-102

§231f–1 Annual Actuarial Report

Title 45 › CHAPTER 9 — RETIREMENT OF RAILROAD EMPLOYEES › SUBCHAPTER IV — RAILROAD RETIREMENT ACT OF 1974 › § 231f–1

Last updated Aug 21, 2026|Official source

Summary

Each year, under section 231u(a), the Railroad Retirement Board must give Congress an actuarial report on the railroad retirement system using different economic and job scenarios. The report must offer financing recommendations, including any change to tax rates in Internal Revenue Code sections 3201(b), 3211(a)(2), and 3221(b), and, if the Railroad Retirement Account has enough reserves, whether to cut those tax rates or move part of the tax under 3221(b) to the Railroad Unemployment Insurance Account to help repay its debt to the Railroad Retirement Account.

Full Legal Text

Title 45, §231f–1

Railroads, Source: USLM XML via OLRC

As part of the annual report required under section 231u(a) of this title, the Railroad Retirement Board shall submit to the Congress a report on the actuarial status of the railroad retirement system under various economic and employment assumptions. Such report shall include any recommendation for financing changes which might be advisable, including—
(1)any adjustment the Railroad Retirement Board recommends regarding the rates of taxes imposed by section 3201(b), 3211(a)(2), and 3221(b) of the Internal Revenue Code of 1986 [26 U.S.C. 3201(b), 3211(a)(2), 3221(b)], and
(2)if there are sufficient reserves in the Railroad Retirement Account, whether—
(A)the rates of such taxes should be reduced, or
(B)any part of the tax imposed by section 3221(b) of such Code should be diverted to the Railroad Unemployment Insurance Account to aid in the repayment of its debt to the Railroad Retirement Account.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Codification Section was enacted as part of the Railroad Retirement Solvency Act of 1983, and not as part of the Railroad Retirement Act of 1974 which comprises this subchapter.

Amendments

1995—Pub. L. 104–66 which directed the amendment of this section by substituting “As part of the annual report required under section 231u(a) of this title” for “On or before July 1, 1985, and each calendar year thereafter”, was executed by making the substitution for “On or before July 1 of 1985, and of each calendar year thereafter”, to reflect the probable intent of Congress. 1986—Par. (1). Pub. L. 99–514 substituted “Internal Revenue Code of 1986” for “Internal Revenue Code of 1954”.

Reference

Citations & Metadata

Citation

45 U.S.C. § 231f–1

Title 45, Railroads

Last Updated

Aug 21, 2026

Release point: 119-102