Retirement System for Employees of Carriers: Hearings Before a Subcommittee of the Committee on Interstate Commerce, United States Senate, Seventy-fourth Congress, First Session, on S. 3151, a Bill to Establish a Retirement System for Employees of Carriers Subject to the Interstate Commerce Act, July 11, 15, and 22, 1935 |
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Page 2
... annuity means a fixed sum payable at the end of each com- pleted month during retirement , ceasing at death or at resumption of service for which he receives compensation . ( i ) The term " compensation means any form of money ...
... annuity means a fixed sum payable at the end of each com- pleted month during retirement , ceasing at death or at resumption of service for which he receives compensation . ( i ) The term " compensation means any form of money ...
Page 2
... annuity " means a fixed sum payable at the end of each com- pleted month during retirement , ceasing at death or at resumption of service for which he receives compensation . ( i ) The term " compensation " means any form of money ...
... annuity " means a fixed sum payable at the end of each com- pleted month during retirement , ceasing at death or at resumption of service for which he receives compensation . ( i ) The term " compensation " means any form of money ...
Page 3
... annuity . No annuity shall be awarded in excess of $ 120 per month . Any employee who shall be entitled to an annuity with a commuted value determined by the Board of less than $ 300 shall be paid such value in a lump sum . ANNUITIES TO ...
... annuity . No annuity shall be awarded in excess of $ 120 per month . Any employee who shall be entitled to an annuity with a commuted value determined by the Board of less than $ 300 shall be paid such value in a lump sum . ANNUITIES TO ...
Page 4
... annuities or other payments , and shall maintain such offices , provide such equipment , furnishings , supplies ... annuity payment shall be assignable or be subject to any tax or to garnishment , attachment , or other legal process ...
... annuities or other payments , and shall maintain such offices , provide such equipment , furnishings , supplies ... annuity payment shall be assignable or be subject to any tax or to garnishment , attachment , or other legal process ...
Page 10
... annuities ; so that primarily a taxpayer might say that he paid one - seventieth of this cost . He does , in that sense ; but one - seventieth of his in- come , as we figure it , does not pay the cost , because all of the money that is ...
... annuities ; so that primarily a taxpayer might say that he paid one - seventieth of this cost . He does , in that sense ; but one - seventieth of his in- come , as we figure it , does not pay the cost , because all of the money that is ...
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Common terms and phrases
actuarial age of 65 amendment amount annuity payments apply assume average basis benefits burden calculations carrier Chairman class I railroads commerce clause Commissioner EASTMAN committee 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 Interstate Commerce Act Interstate Commerce Commission labor LATIMER legislation levied matter 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 proposed 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 Treasury unconstitutional United wages
Popular passages
Page 20 - 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 142 - We are in danger of forgetting that a strong public desire to improve the public condition is not enough to warrant achieving the desire by a shorter cut than the constitutional way of paying for the change.
Page 117 - ... 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 33 - 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 47 - employer" 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. The...
Page 135 - 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 extend.
Page 3 - Government and 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 16 - 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 28 - 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.
Page 1 - 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...