45 U.S.C. § 231f–1 — Annual actuarial report

As part of the annual report the Board must already file under section 231u(a), the Railroad Retirement Board must give Congress a report on the actuarial status of the railroad retirement system — meaning how financially healthy the system is, tested under different economic and employment assumptions. This report must include any recommendation for financing changes that might be worth making, including: (1) any change the Board recommends to the tax rates set by sections 3201(b), 3211(a)(2), and 3221(b) of the Internal Revenue Code of 1986; and (2) if the Railroad Retirement Account has more than enough money in reserve, whether (A) those tax rates should be lowered, or (B) part of the tax imposed by section 3221(b) should instead be sent to the Railroad Unemployment Insurance Account to help pay down its debt to the Railroad Retirement Account.