Retirement System for Employees of Carriers: Hearing Before a Subcommittee...on S. 3151...July 11, 15, and 22, 1935 |
From inside the book
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Page 15
... rate , we are now afflicted by a sense of financial paralysis , in which the banks have the money lying idle and the railroads say they are not able to borrow money from the banks . That produces a state of inertia in our body politic ...
... rate , we are now afflicted by a sense of financial paralysis , in which the banks have the money lying idle and the railroads say they are not able to borrow money from the banks . That produces a state of inertia in our body politic ...
Page 16
... rate of one - fifteenth a year for every year under 65. So that a man who might be 40 years old and retired would not get any annuity . He would not have had 30 years service at 40 , of course , unless he was a prodigy . But suppose he ...
... rate of one - fifteenth a year for every year under 65. So that a man who might be 40 years old and retired would not get any annuity . He would not have had 30 years service at 40 , of course , unless he was a prodigy . But suppose he ...
Page 24
... rates without reference to any real or substantial distinction , as appellants insist , or does it impose an excise ... rate on each additional animal owned by the taxpayer , or a tax on land similarly graduated according to the number ...
... rates without reference to any real or substantial distinction , as appellants insist , or does it impose an excise ... rate on each additional animal owned by the taxpayer , or a tax on land similarly graduated according to the number ...
Page 27
... rates of excise upon various products . In levying such taxes , the State is not required to resort to close distinctions or to maintain a precise , scientific uniformity with reference to composition , use , or value . To hold ...
... rates of excise upon various products . In levying such taxes , the State is not required to resort to close distinctions or to maintain a precise , scientific uniformity with reference to composition , use , or value . To hold ...
Page 31
... rate railroads , who pay this pension cost today , not out of the money of their stockholders or their bondholders , but out of what they add in freight and passenger rates , and collect out of the public . That is where it comes from ...
... rate railroads , who pay this pension cost today , not out of the money of their stockholders or their bondholders , but out of what they add in freight and passenger rates , and collect out of the public . That is where it comes from ...
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Common terms and phrases
actuarial age of 65 amendment amount annuity payments apply assume average basis benefits BULWINKLE burden calculations carrier Chairman class I railroads commerce clause Commissioner EASTMAN committee companies Congress Constitution contributions CORBETT course decision disability disbursements earnings EDDY effective date EKERN employment relation estimate fact Federal fifth amendment fund Government income increase Interstate Commerce Act Interstate Commerce Commission labor LATIMER legislation levied ment month monthly compensation number of employees old-age paid PARMELEE pay roll payable pension plans pension system percent persons ployees present President prior service purpose question railroad employees railroad pension Railroad Retirement Act Railroad Retirement Board railway Railway Labor Act rates reason receive record regulate representative retirement system Senator BROWN Senator WAGNER service period short-line railroads Social Security Act social security bill statement Supreme Court tion transportation Treasury unconstitutional United wages
Popular passages
Page 16 - The party who invokes the power must be able to show not only that the statute is invalid but that he has sustained or is immediately in danger of sustaining some direct injury as the result of its enforcement, and not merely that he suffers in some indefinite way in common with people generally.
Page 101 - carrier" shall not include any street, interurban, or suburban electric railway, unless such railway is operating as a part of a general steam-railroad system of transportation, but shall not exclude any part of the general steam-railroad system of transportation now or hereafter operated by any other motive power.
Page 129 - Congress, in the execution of its powers, adopt measures which are prohibited by the constitution ; or should Congress, under the pretext of executing its powers pass laws for the accomplishment of objects not intrusted to the government, it would become the painful duty of this tribunal, should a case requiring such a decision come before it, to say that such an act was not the law of the land.
Page 12 - Notwithstanding any other law of the United States, or of any State, Territory, or of the District of Columbia, no annuity or pension payment shall be assignable or be subject to any tax or to garnishment, attachment, or other legal process under any circumstances whatsoever, nor shall the payment thereof be anticipated.
Page 40 - ... prior to the expiration of the term for which his predecessor was appointed shall be appointed for the remainder of such term; and (2) the terms of office of the members first taking office after the date of enactment of this Act...
Page 29 - employee" as used herein includes every person in the service of a carrier (subject to its continuing authority to supervise and direct the manner of rendition of his service...
Page 58 - Personnel SEC. 10. (a) There is hereby established as an independent agency in the executive branch of the Government a Railroad Retirement Board, to be composed of three members appointed by the President, by and with the advice and consent of the Senate. Each member shall hold office for a term of five years, except that any member appointed to fill a vacancy occurring prior to the expiration of the term for which his predecessor was appointed shall be appointed for the remainder of the term and...
Page 121 - In our view the necessary effect of this act is, by means of a prohibition against the movement in interstate commerce of ordinary commercial commodities, to regulate the hours of labor of children in factories and mines within the States — a purely State authority. Thus the act in a twofold sense is repugnant to the Constitution. It not only transcends the authority delegated to Congress over commerce, but also exerts a power as to a purely local matter to which the Federal authority does not...
Page 39 - carrier" includes any express company, sleeping-car company, carrier by railroad, subject to the Interstate Commerce Act, and any company which is directly or indirectly owned or controlled by or under common control with any carrier by railroad and which operates any equipment or facilities or performs any service (other than trucking service) in connection with the transportation, receipt, delivery, elevation, transfer in transit, refrigeration or icing, storage, and handling of property transported...
Page 24 - So long as the motive of Congress and the effect of its legislative action are to secure revenue for the benefit of the general government, the existence of other motives in the selection of the subjects of taxes cannot invalidate Congressional action.