§ 231v. Computation and certification of account benefit ratios

• (a) 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) 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) 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) ].