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Railroad Retirement - March 2012 Baseline [i] (March 2012)

handle is hein.congrec/cbo10650 and id is 1 raw text is: RAILROAD RETIREMENT (CBO March 2012 Baseline) (fiscal year) 2012 2013 2014 2015 2016 2017 2018 2019 2020 NUMBER OF BENEFICIARIES Railroad Retirement System 539,200 536,000 533,100 530,200 527,000 523,100 518,400 512,700 506,100 49 TOTAL BENEFIT OUTLAYS (in millions of dollars) TIER I: Social Security Equivalent Benefie 6,681 6,836 7,018 7,197 7,395 7,610 7,826 8,039 8,232 TIER II: Rail Industry Pension Fund 4,785 4,943 5,090 5,229 5,352 5,461 5,553 5,623 5,681 Windfall Benefits: Dual BenefitSb 45 42 37 32 28 24 20 18 15 Totaic 11,512 11,821 12,144 12,458 12,775 13,095 13,400 13,681 13,928 1 NOTES: a. Tier I benefits receive a full cost-of-living adjustment (COLA), which is based on the consumer price index. Tier II benefits increase by 32.5% of the 1 b. Dual benefits are partially funded via income taxes. The portion not funded by income taxes is classified as discretionary spending. c. Total benefit outlays include benefit payments and interest on refunds of taxes. 2021 2022 )8,500 490,000 8,411 8,581 5,722 5,748 12 10 4,145 14,339 ier I COLA amou

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