(a) On or before November 1, 2003, the Railroad Retirement Board shall:
(1) Compute the account benefits ratios for each of the most recent 10 preceding fiscal years; and
(2) Certify the account benefits ratio for each such fiscal year to the Secretary of the Treasury.
(b) On or before November 1 of each year after 2003, the Railroad Retirement Board shall:
(1) Compute the account benefits ratio for the fiscal year ending in such year; and
(2) Certify the account benefits ratio for such fiscal year to the Secretary of the Treasury.
(c) No later than May 1 of each year, beginning 2003, the Board shall compute its projection of the account benefits ratio and the average account benefits ratios for each of the next succeeding 5 fiscal years.