Type:Notice
Citation:90 FR 2758
Reading Time:about a minute or two
The Railroad Retirement Board announced the 2025 annual adjustments to civil monetary penalties due to inflation, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The adjustments are based on the Consumer Price Index (CPI-U) increase of 1.02598% from October 2023 to October 2024. As a result, the maximum penalty under the Program Fraud Civil Remedies Act is now $14,308, while the penalties under the False Claims Act range from $14,308 to $28,618. These changes take effect on January 13, 2025.
Simple Explanation
In 2025, because prices went up, the Railroad Retirement Board has to make some penalties a bit bigger. So, if someone breaks a rule, they might have to pay more money to make up for it.