206.2—Computation.
(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 ratio 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)
No later than May 1 of each year, beginning 2003, the Board shall compute its projection of the account benefits ratio and the average account benefits ratios for each of the next succeeding 5 fiscal years.