,,ii ,cal5d> ,no4 #edj #aai? ,,congress 
#b;d ,session  ,s4 #dife  ,,9 ,,!       
,,s5ate ,,( ,,! ,,unit$ ,,/ates  ,july  
#ad1 #bjbf,mr4 ,cassidy 7= himself1 ,mr4
 ,s&]s1 ,mr4 ,banks1 & ,mr4 ,ka9e7      
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,heal?1 ,education1 ,labor1 & ,p5sions  
,augu/ #d1 #bjbf,report$ by ,mr4        
,cassidy1 ) an amendment,strike out all 
aft] ! enact+ clause & ins]t ! "p pr9t$ 
9 italic  ,a ,,bill  ,to am5d !         
,railroad ,retirem5t ,act ( #aigd to    
e/abli% a ,railroad ,retirem5t ,bo>d    
,adm9i/rative ,acc\nt1 & = o!r purposes4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,railroad ,retirem5t ,bo>d ,/ability
 ,act ( #bjbf4  #b4 ,railroad ,retirem5t
 ,bo>d ,adm9i/rative ,acc\nt  7a7 ,9    
g5]al ,section #ae7;h7 ( ! ,railroad    
,retirem5t ,act ( #aigd 7#de ,u4,s4,c4  
#bcan7h77 is am5d$ to read z foll[s3    
7h7 ,railroad ,retirem5t ,bo>d          
,adm9i/rative ,acc\nt  7#a7 ,9 g5]al    
,!re is creat$ )9 ! ,treasury an acc\nt 

kn[n z ! ,railroad ,retirem5t ,bo>d     
,adm9i/rative ,acc\nt 79 ?is subsection1
 ref]r$ to z ! ,acc\nt74 ,all am\nts )9 
! ,acc\nt are p]man5tly & cont9u\sly    
available to ! ,bo>d = purposes (       
adm9i/]+ ?is ,act & ! ,railroad         
,unemploym5t ,insurance ,act 7#de       
,u4,s4,c4 #cea et seq474  7#b7 ,transf]s
 & limitations  7,a7 ,transf] au?ority  
,subject to subp>agraph 7,b71 ! ,bo>d   
may transf] f ! ,railroad ,retirem5t    
,acc\nt1 ! ,social ,security ,equival5t 
,b5efits ,acc\nt1 & ! ,railroad         
,unemploym5t ,insurance ,adm9i/ration   
,fund am\nts ! ,bo>d det]m9es to be     
necess>y = ! purposes describ$ 9        
p>agraph 7#a74  7,b7 ,limitations on    
am\nts  7i7 ,fiscal ye>s #bjbg ?r\gh    
#bjca ,= fiscal ye>s #bjbg ?r\gh #bjca1 
! ,bo>d %all n transf] funds 9 a fiscal 
ye> to ! ,acc\nt 9 an am\nt t is great] 
?an-- 7,i7 ! less] (-- 7aa7 #a4be p]c5t 
( ! total b5efits paid "u ?is ,act & !  
,railroad ,unemploym5t ,insurance ,act  
7#de ,u4,s4,c4 #cea et seq47 dur+ !     

prec$+ fiscal ye>2 or  7bb7 #j4ge p]c5t 
( ! total am\nts 9 ! ,national ,railroad
 ,retirem5t ,inve/m5t ,tru/ z ( ! close 
( ! prec$+ fiscal ye>2 m9us  7,,ii7 !   
unobligat$ am\nts 9 ! ,acc\nt z ( !     
close ( ! previ\s fiscal ye>4  7ii7     
,fiscal ye> #bjcb & subsequ5t fiscal    
ye>s ,= fiscal ye> #bjcb & subsequ5t    
fiscal ye>s1 ! ,bo>d %all n transf]     
funds 9 a fiscal ye> to ! ,acc\nt 9 an  
am\nt t is great] ?an-- 7,i7 ! less] (--
 7aa7 #a4ae p]c5t ( ! total b5efits paid
 "u ?is ,act & ! ,railroad ,unemploym5t 
,insurance ,act 7#de ,u4,s4,c4 #cea et  
seq47 dur+ ! prec$+ fiscal ye>2 or  7bb7
 #j4ge p]c5t ( ! total am\nts 9 !       
,national ,railroad ,retirem5t ,inve/m5t
 ,tru/ z ( ! close ( ! prec$+ fiscal    
ye>2 m9us  7,,ii7 ! unobligat$ am\nts 9 
! ,acc\nt z ( ! close ( ! previ\s fiscal
 ye>4  7,c7 ,purpose limitations ,am\nts
 transf]r$ to ! ,acc\nt f-- 7i7 !       
,social ,security ,equival5t ,b5efits   
,acc\nt may only be us$ to provide = !  
adm9i/rative exp5ses ( ! ,bo>d allocable

 to social security equival5t b5efits "u
 section #ae;,a7c77#a72 &  7ii7 !       
,railroad ,unemploym5t ,insurance       
,adm9i/ration ,fund-- 7,i7 may only be  
us$ = ! adm9i/rative exp5ses ( ! ,bo>d  
allocable = adm9i/]+ ! ,railroad        
,unemploym5t ,insurance ,act 7#de       
,u4,s4,c4 #cea et seq472 &  7,,ii7 %all 
be subject to ! same re/rictions        
describ$ 9 section #aa7;c7 ( su* ,act   
7#de ,u4,s4,c4 #cfa7;c774  7#c7         
,te*nology fund  7,a7 ,9 g5]al ,)9 !    
,acc\nt1 !re is creat$ a ,railroad      
,retirem5t ,te*nology ,fund 79 ?is      
subsection1 ref]r$ to z ! ,fund74 ,9    
addition to am\nts o!rwise available1 ! 
,bo>d %all use am\nts 9 ! ,fund to      
complete its mod]nization ( legacy      
b5efit process+ sy/ems4  7,b7 ,transf]s 
,( ! am\nts transf]r$ to ! ,acc\nt "u   
p>agraph 7#b77;,a71 ! ,bo>d %all transf]
 n less ?an ! foll[+ am\nts to ! ,fund3 
7i7 ,= fiscal ye> #bjbg1 #aj1jjj1jjj4   
7ii7 ,= ea* ( fiscal ye>s #bjbh ?r\gh   
#bjca1 #bj1jjj1jjj4  7,c7 ,availability 

,am\nts transf]r$ "u ?is p>agraph %all  
rema9 available to ! ,bo>d to complete  
its mod]nization ( legacy b5efit        
process+ sy/ems ?r\gh fiscal ye> #bjcb4 
,on ! la/ day ( fiscal ye> #bjcb1 !     
,bo>d %all transf] any unobligat$ am\nts
 rema9+ 9 ! ,fund to ! ,acc\nt4  7#d7   
,additional am\nts ,9 addition to am\nts
 transf]r$ "u p>agraph 7#b77;,a7 or     
am\nts o!rwise available1 !re is        
au?oriz$ to be appropriat$ to ! ,acc\nt 
f ! ,railroad ,retirem5t ,acc\nt1 !     
,social ,security ,equival5t ,b5efits   
,acc\nt1 & ! ,railroad ,unemploym5t     
,insurance ,adm9i/ration ,fund-- 7,a7 = 
fiscal ye> #bjbg & subsequ5t fiscal     
ye>s1 = any additional adm9i/rative     
exp5ses ( ! ,bo>d ) respect to un=ese5  
ne$s relat+ to process+ claims =        
b5efits1 su* sums z are necess>y2 &     
7,b7 = fiscal ye> #bjcc & subsequ5t     
fiscal ye>s1 = mod]nization ( ! ,bo>d's 
legacy b5efit process+ sy/ems1 su* sums 
z are necess>y4  4  7b7 ,con=m+ am5dm5ts
  7#a7 ,railroad ,retirem5t ,act ,!     

,railroad ,retirem5t ,act ( #aigd 7#de  
,u4,s4,c4 #bca et seq47 is am5d$-- 7,a7 
9 section #ae7;a71 by ins]t+ to transf] 
to ! ,railroad ,retirem5t ,bo>d         
,adm9i/rative ,acc\nt e/abli%$ "u       
subsection 7h7 be=e to provide =        
exp5ses2 &  7,b7 9 section #ae;,a7c71 by
 /rik+ to provide & ins]t+ to transf] to
 ! ,railroad ,retirem5t ,bo>d           
,adm9i/rative ,acc\nt e/abli%$ "u       
section #ae7;h74  7#b7 ,railroad        
,unemploym5t ,insurance ,act ,section   
#aa7;c7 ( ! ,railroad ,unemploym5t      
,insurance ,act 7#de ,u4,s4,c4 #cfa7;c77
 is am5d$-- 7,a7 by /rik+ ,not)/&+ &    
ins]t+ ,subject to section #ae7;h7 ( !  
,railroad ,retirem5t ,act ( #aigd 7#de  
,u4,s4,c4 #bca7;h77 & not)/&+2 &  7,b7  
by ins]t+ = transf]r+ to ! ,railroad    
,retirem5t ,bo>d ,adm9i/rative ,acc\nt  
e/abli%$ "u section #ae7;h7 ( !         
,railroad ,retirem5t ,act ( #aigd 7#de  
,u4,s4,c4 #bca7;h77 be=e = any exp5ses  
necess>y4  7c7 ,sav+s clause ,no?+ 9 ?is
 section %all be con/ru$ z *ang+ any    

requirem5t 9 law = ! ,railroad          
,retirem5t ,bo>d to submit any annual   
budget e/imate1 reque/1 or o!r budget   
in=mation to ,congress1 ! ,presid5t1 !  
,(fice ( ,managem5t & ,budget1 or any   
o!r ,f$]al ag5cy4  #c4 ,,gao reports on 
in=mation te*nology mod]nization ef=ts  
7a7 ,initial report  7#a7 ,9 g5]al ,n   
lat] #aj mon?s aft] ! date ( enactm5t ( 
?is ,act1 ! ,comptroll] ,g5]al ( !      
,unit$ ,/ates 79 ?is section1 ref]r$ to 
z ! ,comptroll] ,g5]al7 %all submit to !
 ,committee on ,heal?1 ,education1      
,labor1 & ,p5sions ( ! ,s5ate & !       
,committee on ,transportation &         
,infra/ructure ( ! ,h\se (              
,repres5tatives a report )              
recomm5dations = legislation &          
adm9i/rative action on ways to mod]nize 
! legacy b5efit process+ sy/ems us$ by !
 ,railroad ,retirem5t ,bo>d 79 ?is      
section1 ref]r$ to z ! ,bo>d74  7#b7    
,cont5t ( ! report ,9 complet+ ! report 
describ$ 9 p>agraph 7#a71 ! ,comptroll] 
,g5]al %all-- 7,a7 consid]-- 7i7        

exp]i5ce & lessons le>n$ f o!r ,f$]al   
ag5cies' mod]nization ( _! in=mation    
te*nology sy/ems1 focus+ on su* ag5cies 
t h upgrad$ in=mation te*nology sy/ems t
 use ! ,common ,bus9ess-,ori5t$         
,language 7commonly ref]r$ to z ,,cobol7
 programm+ language2 &  7ii7 be/        
practices t ! ,comptroll] ,g5]al        
id5tifies = ,f$]al ag5cy in=mation      
te*nology mod]nization ef=ts2 &  7,b7   
id5tify res\rces1 te*nical assi/ance1 & 
o!r =ms ( support available f o!r ,f$]al
 ag5cies = ! ,bo>d to c>ry out !        
mod]nization ( ! ,bo>d's legacy b5efit  
process+ sy/ems4  7b7 ,/akehold]s ,to   
consult ,9 c>ry+ out subsection 7a71 !  
,comptroll] ,g5]al %all consult ! foll[+
 /akehold]s3 7#a7 ,ea* ( ! #c memb]s ( !
 ,bo>d4  7#b7 ,! ,*ief ,in=mation ,(fic]
 ( ! ,bo>d4  7#c7 ,repres5tatives ( ea* 
( ! ,class ,i railroads1 z def9$ 9      
section #bjajb ( title #di1 ,unit$      
,/ates ,code4  7#d7 ,repres5tatives ( n 
less ?an #b ,class ,,ii or ,class ,,iii 
railroads1 z def9$ 9 su* section4  7#e7 

,repres5tatives ( ea* rail union t      
repres5ts rail work]s :o are eligible = 
b5efits "u ! ,railroad ,retirem5t ,act &
 ,railroad ,unemploym5t ,insurance ,act4
  7#f7 ,retirees & o!r b5efici>ies t    
curr5tly receive b5efits f ! ,bo>d4  7c7
 ,foll[-,up report ,n lat] ?an #f mon?s 
aft] ! end ( fiscal ye> #bjca1 !        
,comptroll] ,g5]al %all submit a        
foll[-up report to ! report describ$ 9  
subsection 7a71 :i* %all include        
in=mation reg>d+-- 7#a7 to :at ext5t !  
,bo>d foll[$ ! recomm5dations & be/     
practices ( ! report describ$ 9         
subsection 7a72  7#b7 h[ effectively !  
,bo>d compli$ ) its own int]nal project 
plans & mile/ones = complet+ !          
mod]nization ( its legacy b5efit        
process+ sy/ems2  7#c7 areas1 if any1   
:]e ! ,bo>d fail$ to mod]nize its legacy
 b5efit process+ sy/ems2 &  7#d7 !      
e/imat$ rema9+ co/ = complet+ !         
mod]nization ( ! ,bo>d's legacy b5efit  
process+ sy/ems1 if any4  #a4 ,%ort     
title ,?is ,act may be cit$ z !         

,railroad ,retirem5t ,bo>d ,/ability    
,act4  #b4 ,railroad ,retirem5t ,bo>d   
,adm9i/rative ,acc\nt  7a7 ,9 g5]al     
,section #ae7;h7 ( ! ,railroad          
,retirem5t ,act ( #aigd 7#de ,u4,s4,c4  
#bcan7h77 is am5d$ to read z foll[s3    
7h7 ,railroad ,retirem5t ,bo>d          
,adm9i/rative ,acc\nt  7#a7 ,9 g5]al    
,!re is creat$ )9 ! ,treasury an acc\nt 
kn[n z ! ,railroad ,retirem5t ,bo>d     
,adm9i/rative ,acc\nt 79 ?is subsection1
 ref]r$ to z ! ,acc\nt74 ,all am\nts )9 
! ,acc\nt are p]man5tly & cont9u\sly    
available to ! ,bo>d = purposes (       
adm9i/]+ ?is ,act & ! ,railroad         
,unemploym5t ,insurance ,act 7#de       
,u4,s4,c4 #cea et seq474  7#b7 ,transf]s
 & limitations  7,a7 ,transf] au?ority  
,subject to subp>agraph 7,b71 ! ,bo>d   
may transf] f ! ,railroad ,retirem5t    
,acc\nt1 ! ,social ,security ,equival5t 
,b5efits ,acc\nt1 & ! ,railroad         
,unemploym5t ,insurance ,adm9i/ration   
,fund am\nts ! ,bo>d det]m9es to be     
necess>y = ! purposes describ$ 9        

p>agraph 7#a74  7,b7 ,limitations on    
am\nts  7i7 ,fiscal ye>s #bjbg ?r\gh    
#bjca ,= fiscal ye>s #bjbg ?r\gh #bjca1 
! ,bo>d %all n transf] funds 9 a fiscal 
ye> to ! ,acc\nt 9 an am\nt t is great] 
?an-- 7,i7 ! less] (-- 7aa7 #a4be p]c5t 
( ! total b5efits paid "u ?is ,act & !  
,railroad ,unemploym5t ,insurance ,act  
7#de ,u4,s4,c4 #cea et seq47 dur+ !     
prec$+ fiscal ye>2 or  7bb7 #j4ge p]c5t 
( ! total am\nts 9 ! ,national ,railroad
 ,retirem5t ,inve/m5t ,tru/ z ( ! close 
( ! prec$+ fiscal ye>2 m9us  7,,ii7 !   
unobligat$ am\nts 9 ! ,acc\nt z ( !     
close ( ! previ\s fiscal ye>4  7ii7     
,fiscal ye> #bjcb & subsequ5t fiscal    
ye>s ,= fiscal ye> #bjcb & subsequ5t    
fiscal ye>s1 ! ,bo>d %all n transf]     
funds 9 a fiscal ye> to ! ,acc\nt 9 an  
am\nt t is great] ?an-- 7,i7 ! less] (--
 7aa7 #a4ae p]c5t ( ! total b5efits paid
 "u ?is ,act & ! ,railroad ,unemploym5t 
,insurance ,act 7#de ,u4,s4,c4 #cea et  
seq47 dur+ ! prec$+ fiscal ye>2 or  7bb7
 #j4ge p]c5t ( ! total am\nts 9 !       

,national ,railroad ,retirem5t ,inve/m5t
 ,tru/ z ( ! close ( ! prec$+ fiscal    
ye>2 m9us  7,,ii7 ! unobligat$ am\nts 9 
! ,acc\nt z ( ! close ( ! previ\s fiscal
 ye>4  7,c7 ,purpose limitations ,am\nts
 transf]r$ to ! ,acc\nt f-- 7i7 !       
,social ,security ,equival5t ,b5efits   
,acc\nt may only be us$ to provide = !  
adm9i/rative exp5ses ( ! ,bo>d allocable
 to social security equival5t b5efits "u
 section #ae;,a7c77#a72 &  7ii7 !       
,railroad ,unemploym5t ,insurance       
,adm9i/ration ,fund-- 7,i7 may only be  
us$ = ! adm9i/rative exp5ses ( ! ,bo>d  
allocable = adm9i/]+ ! ,railroad        
,unemploym5t ,insurance ,act 7#de       
,u4,s4,c4 #cea et seq472 &  7,,ii7 %all 
be subject to ! same re/rictions        
describ$ 9 section #aa7;c7 ( su* ,act   
7#de ,u4,s4,c4 #cfa7;c774  7#c7         
,te*nology fund  7,a7 ,9 g5]al ,)9 !    
,acc\nt1 !re is creat$ a ,railroad      
,retirem5t ,te*nology ,fund 79 ?is      
subsection1 ref]r$ to z ! ,fund74 ,9    
addition to am\nts o!rwise available1 ! 

,bo>d %all use am\nts 9 ! ,fund to      
complete its mod]nization ( legacy      
b5efit process+ sy/ems4  7,b7 ,transf]s 
,( ! am\nts transf]r$ to ! ,acc\nt "u   
p>agraph 7#b77;,a71 ! ,bo>d %all transf]
 n less ?an ! foll[+ am\nts to ! ,fund3 
7i7 ,= fiscal ye> #bjbg1 #aj1jjj1jjj4   
7ii7 ,= ea* ( fiscal ye>s #bjbh ?r\gh   
#bjca1 #bj1jjj1jjj4  7,c7 ,availability 
,am\nts transf]r$ "u ?is p>agraph %all  
rema9 available to ! ,bo>d to complete  
its mod]nization ( legacy b5efit        
process+ sy/ems ?r\gh fiscal ye> #bjcb4 
,on ! la/ day ( fiscal ye> #bjcb1 !     
,bo>d %all transf] any unobligat$ am\nts
 rema9+ 9 ! ,fund to ! ,acc\nt4  7#d7   
,additional am\nts ,9 addition to am\nts
 transf]r$ "u p>agraph 7#b77;,a7 or     
am\nts o!rwise available1 !re is        
au?oriz$ to be appropriat$ to ! ,acc\nt 
f ! ,railroad ,retirem5t ,acc\nt1 !     
,social ,security ,equival5t ,b5efits   
,acc\nt1 & ! ,railroad ,unemploym5t     
,insurance ,adm9i/ration ,fund-- 7,a7 = 
fiscal ye> #bjbg & subsequ5t fiscal     

ye>s1 = any additional adm9i/rative     
exp5ses ( ! ,bo>d ) respect to un=ese5  
ne$s relat+ to process+ claims =        
b5efits1 su* sums z are necess>y2 &     
7,b7 = fiscal ye> #bjcc & subsequ5t     
fiscal ye>s1 = mod]nization ( ! ,bo>d's 
legacy b5efit process+ sy/ems1 su* sums 
z are necess>y4  4  7b7 ,con=m+ am5dm5ts
  7#a7 ,railroad ,retirem5t ,act ,!     
,railroad ,retirem5t ,act ( #aigd 7#de  
,u4,s4,c4 #bca et seq47 is am5d$-- 7,a7 
9 section #ae7;a71 by ins]t+ to transf] 
to ! ,railroad ,retirem5t ,bo>d         
,adm9i/rative ,acc\nt e/abli%$ "u       
subsection 7h7 be=e to provide =        
exp5ses2 &  7,b7 9 section #ae;,a7c71 by
 /rik+ to provide & ins]t+ to transf] to
 ! ,railroad ,retirem5t ,bo>d           
,adm9i/rative ,acc\nt e/abli%$ "u       
section #ae7;h74  7#b7 ,railroad        
,unemploym5t ,insurance ,act ,section   
#aa7;c7 ( ! ,railroad ,unemploym5t      
,insurance ,act 7#de ,u4,s4,c4 #cfa7;c77
 is am5d$-- 7,a7 by /rik+ ,not)/&+ &    
ins]t+ ,subject to section #ae7;h7 ( !  

,railroad ,retirem5t ,act ( #aigd 7#de  
,u4,s4,c4 #bca7;h77 & not)/&+2 &  7,b7  
by ins]t+ = transf]r+ to ! ,railroad    
,retirem5t ,bo>d ,adm9i/rative ,acc\nt  
e/abli%$ "u section #ae7;h7 ( !         
,railroad ,retirem5t ,act ( #aigd 7#de  
,u4,s4,c4 #bca7;h77 be=e = any exp5ses  
necess>y4  7c7 ,sav+s clause ,no?+ 9 ?is
 section %all be con/ru$ z *ang+ any    
requirem5t 9 law = ! ,railroad          
,retirem5t ,bo>d to submit any annual   
budget e/imate1 reque/1 or o!r budget   
in=mation to ,congress1 ! ,presid5t1 !  
,(fice ( ,managem5t & ,budget1 or any   
o!r ,f$]al ag5cy4  #c4 ,,gao reports on 
in=mation te*nology mod]nization ef=ts  
7a7 ,initial report  7#a7 ,9 g5]al ,n   
lat] #aj mon?s aft] ! date ( enactm5t ( 
?is ,act1 ! ,comptroll] ,g5]al ( !      
,unit$ ,/ates 79 ?is section1 ref]r$ to 
z ! ,comptroll] ,g5]al7 %all submit to !
 ,committee on ,heal?1 ,education1      
,labor1 & ,p5sions ( ! ,s5ate & !       
,committee on ,transportation &         
,infra/ructure ( ! ,h\se (              

,repres5tatives a report )              
recomm5dations = legislation &          
adm9i/rative action on ways to mod]nize 
! legacy b5efit process+ sy/ems us$ by !
 ,railroad ,retirem5t ,bo>d 79 ?is      
section1 ref]r$ to z ! ,bo>d74  7#b7    
,cont5t ( ! report ,9 complet+ ! report 
describ$ 9 p>agraph 7#a71 ! ,comptroll] 
,g5]al %all-- 7,a7 consid]-- 7i7        
exp]i5ce & lessons le>n$ f o!r ,f$]al   
ag5cies' mod]nization ( _! in=mation    
te*nology sy/ems1 focus+ on su* ag5cies 
t h upgrad$ in=mation te*nology sy/ems t
 use ! ,common ,bus9ess-,ori5t$         
,language 7commonly ref]r$ to z ,,cobol7
 programm+ language2 &  7ii7 be/        
practices t ! ,comptroll] ,g5]al        
id5tifies = ,f$]al ag5cy in=mation      
te*nology mod]nization ef=ts2 &  7,b7   
id5tify res\rces1 te*nical assi/ance1 & 
o!r =ms ( support available f o!r ,f$]al
 ag5cies = ! ,bo>d to c>ry out !        
mod]nization ( ! ,bo>d's legacy b5efit  
process+ sy/ems4  7b7 ,/akehold]s ,to   
consult ,9 c>ry+ out subsection 7a71 !  

,comptroll] ,g5]al %all consult ! foll[+
 /akehold]s3 7#a7 ,ea* ( ! #c memb]s ( !
 ,bo>d4  7#b7 ,! ,*ief ,in=mation ,(fic]
 ( ! ,bo>d4  7#c7 ,repres5tatives ( ea* 
( ! ,class ,i railroads1 z def9$ 9      
section #bjajb ( title #di1 ,unit$      
,/ates ,code4  7#d7 ,repres5tatives ( n 
less ?an #b ,class ,,ii or ,class ,,iii 
railroads1 z def9$ 9 su* section4  7#e7 
,repres5tatives ( ea* rail union t      
repres5ts rail work]s :o are eligible = 
b5efits "u ! ,railroad ,retirem5t ,act &
 ,railroad ,unemploym5t ,insurance ,act4
  7#f7 ,retirees & o!r b5efici>ies t    
curr5tly receive b5efits f ! ,bo>d4  7c7
 ,foll[-up report ,n lat] ?an #f mon?s  
aft] ! end ( fiscal ye> #bjca1 !        
,comptroll] ,g5]al %all submit a        
foll[-up report to ! report describ$ 9  
subsection 7a71 :i* %all include        
in=mation reg>d+-- 7#a7 to :at ext5t !  
,bo>d foll[$ ! recomm5dations & be/     
practices ( ! report describ$ 9         
subsection 7a72  7#b7 h[ effectively !  
,bo>d compli$ ) its own int]nal project 

plans & mile/ones = complet+ !          
mod]nization ( its legacy b5efit        
process+ sy/ems2  7#c7 areas1 if any1   
:]e ! ,bo>d fail$ to mod]nize its legacy
 b5efit process+ sy/ems2 &  7#d7 !      
e/imat$ rema9+ co/ = complet+ !         
mod]nization ( ! ,bo>d's legacy b5efit  
process+ sy/ems1 if any4  #d4 ,p5sion   
paym5t accel]ation ,not)/&+ section     
#djjg7;a7 ( ! ,employee ,retirem5t      
,income ,security ,act ( #aigd 7#bi     
,u4,s4,c4 #acjg7;a77 & section #djjg4aa 
( title #bi1 ,code ( ,f$]al             
,regulations1 = plan ye>s comm5c+ aft]  
,decemb] #ca1 #bjce1 & be=e ,janu>y #a1 
#bjcg1 ! premium due date applicable to 
s+le employ] plans = su* plan ye>s %all 
be ! fifte5? day ( ! n9? cal5d> mon? t  
beg9s on or aft] ! fir/ day ( ! premium 
paym5t ye>4  ,augu/ #d1 #bjbf,report$ ) 
an am5dm5t