45-U.S.C.-231V

§231V – Computation and Certification of Account Benefit Ratios

Pathway

Title 45 > Chapter 9 > Subchapter IV > Section 231v

Details

• Reference: Section 231v
• Legend: §231V – Computation and Certification of Account Benefit Ratios
• USCode Year: 2013

Provision Content

(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)].

(Aug. 29, 1935, ch. 812, §23, as added Pub. L. 107–90, title I, §108(b), Dec. 21, 2001, 115 Stat. 890.)

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.

U.S. Encyclopedia of Law Coverage

45-U.S.C.-231M in the Legal Encyclopedia: Railroads

In this entry about 45-U.S.C.-231M, find legal reference material, bibliographies and premiere content related to railroads in the American Encyclopedia of Law, presenting a comprehensive view of the United States railroads-specific issues, written by authorities in the field.

45-U.S.C.-231F-1 in the Legal Encyclopedia: Railroad Retirement Acts

In this entry about 45-U.S.C.-231F-1, find legal reference material, bibliographies and premiere content related to railroad retirement acts in the American Encyclopedia of Law, presenting a comprehensive view of the United States railroad retirement acts-specific issues, written by authorities in the field.

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