U.S. Department of Commerce

Federal, State, and Local Governments
Government Finance and Employment Classification Manual
DESCRIPTIONS OF FUNCTIONAL CATEGORIES
 
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FUNCTION CODE:   Y45 NAME:    Railroad Retirement (Federal Only)
SECTOR:    General APPLIES TO:    Finance |X|    Employment | |
PUBLICATION CATEGORIES:    Insurance Trusts
DEFINITION:    Distribution of cash annuities and benefits to eligible retirees and their survivors under Federal-administered rail industry pension programs.
EXAMPLES:   Annuities for retirement, disability, survivor, occupational disability, and supplemental benefits; and social security equivalent benefits. Comprises activities of the Rail Industry Pension Fund and Railroad Social Security Equivalent Benefit Account, both administered by the U.S. Railroad Retirement Board.
EXCLUSIONS:   Federal payments (transfers) to the railroad retirement accounts; Federal Old-Age and Survivors Insurance Trust Fund payments to the railroad retirement accounts; purchase of securities (the preceding are nonexpenditures); benefits from related Railroad Unemployment Insurance Fund (report at Unemployment Compensation Benefits, code Y05); and administration of railroad retirement program and railroad unemployment insurance fund (report at Social Insurance Administration, code 22).
REFERENCES: - To be added later -
 
OTHER NOTES:   (1) This function applies soles to Federal Government expenditure; report any related employment data at Social Insurance Administration, code 22). (2) Unlike public employee retirement systems, this category covers private sector workers rather than public employees.
 
DETAILED CODE LIST WITH COVERAGE OF DATA COLLECTION*
 
  General Purpose Governments
EXPENDITURES, DIRECT: Federal StateD.C. Large City-County Other LocalSpecial District
Y45 Benefits Y NN N NN
 
* Shows whether data are collected (Y) or not (N) for that type.

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