2002 Railroad Experience Rating Proclamations, Monthly Compensation Base and Other Determinations

Wed, Dec 12 2001 11:00:00 GMT

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, 2001, is $53,029,889.30;

2. The September 30, 2001, balance of any new loans to the RUI Account, including accrued interest, is zero;

3. The system compensation base is $3,095,486,497.55 as of June 30, 2001;

4. The cumulative system unallocated charge balance is ($236,829,145.06) as of June 30, 2001;

5. The pooled credit ratio for calendar year 2002 is zero;

6. The pooled charged ratio for calendar year 2002 is zero;

7. The surcharge rate for calendar year 2002 is 2.5 percent;

8. The monthly compensation base under section 1(i) of the Act is $1,100 for months in calendar year 2002;

9. The amount described in section 1(k) of the Act as ``2.5 times the monthly compensation

The Federal Register

2002 Railroad Experience Rating Proclamations, Monthly Compensation Base and Other Determinations