Railroad Retirement Board November 14, 2007 – Federal Register Recent Federal Regulation Documents

Pursuant to section 8(c)(2) and section 12(r)(3) of the Railroad Unemployment Insurance Act (Act) (45 U.S.C. 358(c)(2) and 45 U.S.C. 362(r)(3), respectively), the Board gives notice of the following: 1. The balance to the credit of the Railroad Unemployment Insurance (RUI) Account, as of June 30, 2007, is $119,250,233.05; 2. The September 30, 2007, balance of any new loans to the RUI Account, including accrued interest, is zero; 3. The system compensation base is $3,522,368,374.78 as of June 30, 2007; 4. The cumulative system unallocated charge balance is ($292,991,595.22) as of June 30, 2007; 5. The pooled credit ratio for calendar year 2008 is zero; 6. The pooled charged ratio for calendar year 2008 is zero; 7. The surcharge rate for calendar year 2008 is 1.5 percent; 8. The monthly compensation base under section 1(i) of the Act is $1,280 for months in calendar year 2008; 9. The amount described in section 1(k) of the Act as ``2.5 times the monthly compensation base'' is $3,200 for base year (calendar year) 2008; 10. The amount described in section 2(c) of the Act as ``an amount that bears the same ratio to $775 as the monthly compensation base for that year as computed under section 1(i) of this Act bears to $600'' is $1,653 for months in calendar year 2008; 11. The amount described in section 3 of the Act as ``2.5 times the monthly compensation base'' is $3,200 for base year (calendar year) 2008; 12. The amount described in section 4(a-2)(i)(A) of the Act as ``2.5 times the monthly compensation base'' is $3,200 with respect to disqualifications ending in calendar year 2008; 13. The maximum daily benefit rate under section 2(a)(3) of the Act is $61 with respect to days of unemployment and days of sickness in registration periods beginning after June 30, 2008.