§ 231v. Computation and certification of account benefit ratios

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 2001

   Pub. L. 107–90 title I § 108(b) · 115 Stat. 878

   Enacted · 45 U.S.C. § 231v

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

   Source evidence

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

   Enacted provision · exact public law section
   (b) Certifications.— The Railroad Retirement Act of 1974 (45 U.S.C. 231 et seq.) is amended by adding at the end the following new section: “computation and certification of account benefit ratios “Sec. 23. (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.”.

1 of 1 references resolved to an enrolled provision