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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... problem of duel benefits for the railroad retirement system --- 353 398 397 265 270 294 310 Exhibit 5 Compounding effect in benefits of percentage in- creases in the benefit formula and increases in wage levels__ Exhibit 6 - Comparison ...
... problem of duel benefits for the railroad retirement system --- 353 398 397 265 270 294 310 Exhibit 5 Compounding effect in benefits of percentage in- creases in the benefit formula and increases in wage levels__ Exhibit 6 - Comparison ...
Page 154
... problem over the next 20 years . For these reasons , table 3 shows a projection of components of the restructured railroad retirement system from the year 1975 to the year 2000. To some extent , the projection utilized the one pre ...
... problem over the next 20 years . For these reasons , table 3 shows a projection of components of the restructured railroad retirement system from the year 1975 to the year 2000. To some extent , the projection utilized the one pre ...
Page 157
... problems which confronted them . Accordingly , Board Members Speirs and Quarles recom- mended that the bill be enacted . The Chairman of the Board feels that the bill is a step in the right direction and realizes the difficulties which ...
... problems which confronted them . Accordingly , Board Members Speirs and Quarles recom- mended that the bill be enacted . The Chairman of the Board feels that the bill is a step in the right direction and realizes the difficulties which ...
Page 159
... problem by providing for a series of pay- ments from the Social Security trust fund to the Railroad Retirement fund total- ling more than $ 4 billion over the next 25 years or so . This rests on the asser- tion that the Social Security ...
... problem by providing for a series of pay- ments from the Social Security trust fund to the Railroad Retirement fund total- ling more than $ 4 billion over the next 25 years or so . This rests on the asser- tion that the Social Security ...
Page 161
... problem is that the industry itself has declined from earlier ex- pectations and the smaller payroll tax base is not now able to support the present built - in costs . In recent years , it has been known that in order to bring the ...
... problem is that the industry itself has declined from earlier ex- pectations and the smaller payroll tax base is not now able to support the present built - in costs . In recent years , it has been known that in order to bring the ...
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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.