Skip past top Navigation Bar Go to RRB Home Page What's New at the RRB About the RRB Links to other sites that may interest you How to contact the RRB Search www.rrb.gov Special On-Line Services
Railroad Retirement Board Logo
STANDARDS - OPENNESS - ACCESSIBILITY - ACCOUNTABILITY
Trigger of Surcharge in RUIA Tax Rate
Skip past left side navigation menu

Office of the Management Member

Office of the Labor Member

The Railroad Retirement Board recently determined that a surcharge of 1.5 percent will be added to the basic RUIA tax rate for each established employer beginning January 1, 2005. The surcharge was 1.5 percent for 2004. New employers are not affected, as their rate will be the average rate for all employers from 2001 through 2003.

The RUIA Experience Rating System provides for the addition of a surcharge to the RUIA tax rate if the accrual balance in the RUI Account falls below certain levels as of June 30 of each year. On June 30, 2004, that account had an accrual balance of $98.6 million. The current thresholds are $112.9 million for the 1.5 percent surcharge and $56.4 million for the 2.5 percent surcharge. The 1.5 percent threshold is the higher of $100 million or $100 million indexed to changes in the system compensation base.

Official notice of the surcharge will be included in the annual rate notices to be sent out to individual employers by October 15.
Skip past bottom navigationHome | What's New | About Us | Links | Contact Us | Search | MainLine Services | Privacy Policy | Site Map | Mission

-- This is an official United States Government website
RRB Seal