Restructuring of the Railroad Retirement System: Hearings Before the Committee on Interstate and Foreign Commerce, House of Representatives, Ninety-third Congress, Second Session, on H.R. 15301 .... |
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Page 191
... going to get more ; but if the railroad retirement does have such a limit , then I- Mr. DEMPSEY . Let me put it this way , and I have not gotten to the new formula yet , but under the new formula proposed by this bill there will be two ...
... going to get more ; but if the railroad retirement does have such a limit , then I- Mr. DEMPSEY . Let me put it this way , and I have not gotten to the new formula yet , but under the new formula proposed by this bill there will be two ...
Page 196
... going to have to pay for it . Who should that be ? If it is the railroad community obviously it will be the carriers or the employees or both . I will simply say a word here about the employees because I think the consideration here is ...
... going to have to pay for it . Who should that be ? If it is the railroad community obviously it will be the carriers or the employees or both . I will simply say a word here about the employees because I think the consideration here is ...
Page 197
... going to be difficulty and difficulty of a very serious order . The Commission reported in 1972 and devoted the bulk of its report to the dual benefit problem and yet because of the social security increases of 1971 , 1972 , and 1974 ...
... going to be difficulty and difficulty of a very serious order . The Commission reported in 1972 and devoted the bulk of its report to the dual benefit problem and yet because of the social security increases of 1971 , 1972 , and 1974 ...
Page 198
... going formally as far as the Commission wanted us to go in respect of the two - tier matter would represent too sharp a break with the past and so we have recom- mended and this bill provides a system of benefits that is not formally a ...
... going formally as far as the Commission wanted us to go in respect of the two - tier matter would represent too sharp a break with the past and so we have recom- mended and this bill provides a system of benefits that is not formally a ...
Page 199
... going to be ? I have a notion that this is going to make some fairly significant changes with regard to the financial impact on all three . Mr. DEMPSEY . Well , the financial impact here — Î will simply go di- rectly to chart 5. The new ...
... going to be ? I have a notion that this is going to make some fairly significant changes with regard to the financial impact on all three . Mr. DEMPSEY . Well , the financial impact here — Î will simply go di- rectly to chart 5. The new ...
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Common terms and phrases
actuarial ADAMS Administration amendments amount annuity under section attained age basis benefit based benefit formula bill calendar CARDWELL centum CHAIRMAN change No change Commission on Railroad committee compensation computed CONGRESS THE LIBRARY cost CowEN credited current connection December 31 deficit DEMPSEY disability eligible employee's enacted entitled financial interchange increases individual insurance benefit KUYKENDALL labor LIBRARY OF CONGRESS maximum ment million month monthly paid paragraph payable payment pension percent prior to January problem proposed question rail railroad employees railroad employment railroad industry Railroad Retirement Account Railroad Retirement Act railroad retirement benefits Railroad Retirement Board railroad retirement fund railroad retirement program railroad retirement system railroad service receive recommendations reduced retirement and social road retirement security trust funds SHOUP SKUBITZ Social Security Act Social Security Administration social security benefit social security system social security trust spouse subdivision subsection supplemental annuity taxable payroll tier 1 benefits tion wages windfall dual benefits
Popular passages
Page 227 - Provided, however, That the term "carrier" shall not include any street, interurban, or suburban electric railway unless such...
Page 8 - Compensation earned in any calendar month before 1947 shall be deemed paid in such month regardless of whether or when payment will have been In fact made, and compensation earned In any calendar year after 1946 but paid after the end of such calendar year shall be deemed to be compensation paid in the calendar year in which it will have been earned if it is so reported by the employer before February 1 of the next succeeding calendar year or, If the employee establishes, subject to the provisions...
Page 9 - ... by an employer with respect to a personal InJury and Includes pay for time lost, the total payment shall be deemed to be paid for time lost unless, at the time of payment, a part of such payment Is specifically apportioned to factors other than time lost. In which event only such part of the payment as Is not so apportioned shall be deemed to be paid for time lost.
Page 67 - When annuities begin and end. No individual shall be entitled to receive an annuity under this section for any month before January 1, 1947. An application for any payment under this section shall be made and filed in such manner and form as the Board prescribes. An annuity under this section for an individual otherwise entitled thereto shall begin with the month in which...
Page 143 - This formula guarantees that the combined amounts for which an individual, and those deriving from him, are eligible under the Railroad Retirement Act and the Social Security Act on the basis of the...
Page 24 - An annuity shall be paid only If the applicant shall have relinquished such rights as he may have to return to the service of an employer and of the person by whom he was last employed...
Page 26 - If pursuant to the third sentence of this subsection an annuity was not paid to an individual with respect to one or more months in any calendar year, and it is subsequently established that the total amount of such Individual's earnings during: such year as determined In accordance with that sentence (but exclusive of earnings for services described in...
Page 90 - ... therefrom. In the employment of such individuals under the civil service laws and rules the Board shall give preference over all others to individuals who have had experience in railroad service, if, in the judgment of the Board, they possess the qualifications necessary for the proper discharge of the duties of the positions to which they are to be appointed.
Page 71 - SEC. 6. (a) (1) Annuities under section 2(a) (1) and supplemental annuities under section 2(b) which will have become due an individual but will not have been paid at the time of such individual's death shall be payable to the person, if any, who is determined by the Board to be such individual's widow or widower and to have been living with such individual at the time of such individual's death and who will not have died before receiving payment of such annuities.