2020 US Code
Title 45 - Railroads
Chapter 9 - Retirement of Railroad Employees
Subchapter IV - Railroad Retirement Act of 1974
Sec. 231v - Computation and certification of account benefit ratios

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Citation 45 U.S.C. § 231v (2020)
Section Name §231v. Computation and certification of account benefit ratios
Section Text (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)].

Source Credit

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


Editorial Notes 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.

Publication Title United States Code, 2018 Edition, Supplement 2, Title 45 - RAILROADS
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 45 - RAILROADS
CHAPTER 9 - RETIREMENT OF RAILROAD EMPLOYEES
SUBCHAPTER IV - RAILROAD RETIREMENT ACT OF 1974
Sec. 231v - Computation and certification of account benefit ratios
Contains section 231v
Date 2020
Laws In Effect As Of Date January 13, 2021
Positive Law No
Disposition standard
Statutes at Large References 97 Stat. 438
102 Stat. 2517
115 Stat. 890
Public Law References Public Law 98-76, Public Law 100-504, Public Law 107-90
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