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Title 45, RailroadsRelease 119-110

§231v Computation and Certification of Account Benefit Ratios

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

Last updated Sep 22, 2026|Official source

Summary

By November 1, 2003, the Railroad Retirement Board must compute the account benefits ratios for each of the 10 most recent fiscal years and send those certified ratios to the Secretary of the Treasury. Then, by November 1 each year after 2003, the Board must compute and certify the account benefits ratio for the fiscal year that ended that year. account benefits ratio — see the meaning given in section 3241(c) of the Internal Revenue Code of 1986 (26 U.S.C. 3241(c)).

Full Legal Text

Title 45, §231v

Railroads, Source: USLM XML via OLRC

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

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 231v, act Aug. 29, 1935, ch. 812, § 23, as added Aug. 12, 1983, Pub. L. 98–76, title IV, § 418, 97 Stat. 438, 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 Pub. L. 100–504, title I, §§ 102(e)(3), 113, Oct. 18, 1988, 102 Stat. 2517, 2530, effective 180 days after Oct. 18, 1988.

Reference

Citations & Metadata

Citation

45 U.S.C. § 231v

Title 45, Railroads

Last Updated

Sep 22, 2026

Release point: 119-110