Railroad Unemployment Insurance and Retirement Improvement Act of 1987

[AI summary unavailable — showing source text] Railroad Unemployment Insurance and Retirement Improvement Act of 1987 - Title I: Financing Provisions - Amends the Railroad Unemployment Insurance Act to redefine compensation to provide that in computing the compensation paid to any employee, no part of any month's compensation in excess of the monthly compensation base shall be recognized. Establishes a formula for such monthly compensation base. Directs the Railroad Retirement Board (the Board) to: (1) compute the monthly compensation base according to certain guidelines; (2) compute the maximum daily benefit rate applicable to days of unemployment and sickness; and (3) publish notice of such computation in the Federal Register. Revises the guidelines for employers' contributions. Requires the Board to maintain an individual employer record for each employer, and the records necessary to determine pooled charges and pooled credits, as well as unallocated balances for the system. Provides for the combining of joint individual employer records upon the employers' request in the event of a merger, consolidation, unification, or reorganization. Establishes a 12 percent employer contribution limit, or nine percent when a surtax is i…