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45 U.S.C. § 231v — Computation and certification of account benefit ratios
Federal law — U.S. Code and appendices · legal_authorities
**(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)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section3241/c&num=0&edition=prelim)].
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Source file: Laws/federal/codes/united-states-code/title-45/section-231v-computation-and-certification-of-account-benefit-ratios--a1c8f2de28.md
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Source location: Title 45, Chapter 9, § 231v; chapter-009-retirement-of-railroad-employees.md
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**(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)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section3241/c&num=0&edition=prelim)].
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Federal law — U.S. Code and appendices · legal_authorities
This subchapter may be cited as the “Railroad Retirement Act of 1974”.
Source: Supplied U.S. Code snapshot — release unconfirmed · 45 U.S.C. § 231t
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In General.—** There shall be transferred—
(1) to the Office of Inspector General—
(A) of the Department of Agriculture, the offices of that department referred to as the “Office of Investigation” and the “Office of Audit”;
(B) of the Department of Commerce, the offices of that department referred to as the “Office of Audits” and the “Investigations and Inspections Staff” and that portion of the office referred to as the “Office of Investigations and Security” which has responsibility for investigation of alleged criminal violations and program abuse;
(C) of the Department of Defense, the offices of that department referred to as the “Defense Audit Service” and the “Office of Inspector General, Defense Logistics Agency”, and that portion of the office of that department referred to as the “Defense Investigative Service” which has responsibility for the investigation of alleged criminal violations;
(D) of the Department of Education, all functions of the Inspector General of Health, Education, and Welfare or of the Office of Inspector General of Health, Education, and Welfare relating to functions transferred by section 301 of the Department of Education Organization Act ([20 U.S.C. 3441](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section3441&num=0&edition=prelim));
(E) of the Department of Energy, the Office of Inspector General (as established by section 208 of the Department of Energy Organization Act);
(F) of the Department of Health and Human Services, the Office of Inspector General (as established by title II of Public Law 94–505);
(G) of the Department of Housing and Urban Development, the office of that department referred to as the “Office of Inspector General”;
(H) of the Department of the Interior, the
Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 422
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** For purposes of sections 3201(b), 3211(b), and 3221(b), the applicable percentage for any calendar year is the percentage determined in accordance with the table in subsection (b).
**(b) Tax rate schedule** Average account benefits ratioApplicable percentage for sections 3211(b) and 3221(b)Applicable percentage for section 3201(b) At leastBut less than ..............2.522.14.9 2.53.018.14.9 3.03.515.14.9 3.54.014.14.9 4.06.113.14.9 6.16.512.64.4 6.57.012.13.9 7.07.511.63.4 7.58.011.12.9 8.08.510.11.9 8.59.09.10.9 9.0..............8.20
**(c) Definitions related to determination of rates of tax**
(1) **Average account benefits ratio** — For purposes of this section, the term “average account benefits ratio” means, with respect to any calendar year, the average determined by the Secretary of the account benefits ratios for the 10 most recent fiscal years ending before such calendar year. If the amount determined under the preceding sentence is not a multiple of 0.1, such amount shall be increased to the next highest multiple of 0.1.
(2) **Account benefits ratio** — For purposes of this section, the term “account benefits ratio” means, with respect to any fiscal year, the amount determined by the Railroad Retirement Board by dividing the fair market value of the assets in the Railroad Retirement Account and of the National Railroad Retirement Investment Trust (and for years before 2002, the Social Security Equivalent Benefits Account) as of the close of such fiscal year by the total benefits and administrative expenses paid from the Railroad Retirement Account and the National Railroad Retirement Investment Trust during such fiscal year.
**(d) Notice** No later than December 1 of each calendar year, the Secretary shall publish a notice in the Federal
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 3241
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Federal law — U.S. Code and appendices · legal_authorities
Page 2760
TITLE 26—INTERNAL REVENUE CODE
§ 3232
this section [amending this section] shall apply with
respect to taxable years ending after December 31, 1953:
Provided, however, That any taxes paid under the Rail-
road Retirement Tax Act [this chapter] prior to the
date on which this Act is enacted [Oct. 18, 1976] shall
not be affected or adjusted by reason of the amend-
ments made by such subsection (b) except to the extent
that the applicable period of limitation for the assess-
ment of tax and the filing of a claim for credit or re-
fund has not expired prior to the date on which this Act
is enacted. If the applicable period of limitation for the
filing of a claim for credit or refund would expire with-
in the six-month period following the date on which
this Act is enacted, the applicable period for the filing
of such a claim for credit or refund shall be extended to
include such six-month period.’’
EFFECTIVE DATE OF 1975 AMENDMENTS
Amendment by sections 204 and 205 of Pub. L. 94–93
applicable for taxable years ending on or after Aug. 9,
1975, and for taxable years ending before Aug. 9, 1975, as
to which the period for assessment and collection of tax
or the filing of a claim for credit or refund has not ex-
pired on Aug. 9, 1975, and amendment by section 206 of
Pub. L. 94–93 applicable for taxable years beginning on
or after Aug. 9, 1975: Provided, however, That with re-
spect to payment made prior to Aug. 9, 1975, the em-
ployee may file a written request under section 206 of
Pub. L. 94–93 within six months after Aug. 9, 1975, see
section 207 of Pub. L. 94–93, set out as a note under sec-
tion 3201 of this title.
Amendment by Pub. L. 94–92 effective Jan. 1, 1975, and
applicable only with respect to compensation paid for
services rendered on o
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 3241
Stored review status: historical_2024_not_currentness_verified. The source passage cites 26 U.S.C. § 3241. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 98
TITLE 45—RAILROADS
§ 231v
Retirement Board to annually prepare and report on a
five-year projection of ability of Railroad Retirement
Account to pay benefits during five-year period for pro-
visions which required Board to prepare a report in any
fiscal year in which it determined that more than 50
percent of borrowing authority under this subchapter
would be used.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Section effective Oct. 1, 1981, see section 1129(g) of
Pub. L. 97–35, set out as an Effective Date of 1981
Amendment note under section 231 of this title.
§ 231v. Computation and certification of account
benefit ratios
(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.)
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 Gen
Source: Supplied 2024 U.S. Code historical extraction · 45 U.S.C. § 231v
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