Restructuring of the Railroad Retirement System, 1974: Hearings Before the Subcommittee on Railroad Retirement of the Committee on Labor and Public Welfare, United States Senate, Ninety-third Congress, Second Session, on S. 3612 ... and Related Bills, September 5 and 10, 1974, Part 1 |
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Results 1-5 of 59
Page 163
... million a year . Even this small additional cost cannot be absorbed under the present financial arrangement because of the existing deficit , on a long - range actuarial basis , of almost $ 530 million a year on a level basis , or 9.06 ...
... million a year . Even this small additional cost cannot be absorbed under the present financial arrangement because of the existing deficit , on a long - range actuarial basis , of almost $ 530 million a year on a level basis , or 9.06 ...
Page 166
... million . It would affect about 750 persons nationally , amounting to $ 111 per per- son per month . This is a very small sum of money compared to the overall size of the railroad retirement fund and would save the people involved con ...
... million . It would affect about 750 persons nationally , amounting to $ 111 per per- son per month . This is a very small sum of money compared to the overall size of the railroad retirement fund and would save the people involved con ...
Page 168
... million per year , on a level basis to 4.6 percent of taxable payrolls , or $ 270 million per year on a level basis . These estimates are before consideration of the proposed additional transfers from social security trust funds for the ...
... million per year , on a level basis to 4.6 percent of taxable payrolls , or $ 270 million per year on a level basis . These estimates are before consideration of the proposed additional transfers from social security trust funds for the ...
Page 176
... million under the financial interchange . So that on June 30 , there was $ 1.1 billion invested in 7 - year maturities which earn 8 - percent interest . Under this new bill , instead of the Treasury determining what securities would be ...
... million under the financial interchange . So that on June 30 , there was $ 1.1 billion invested in 7 - year maturities which earn 8 - percent interest . Under this new bill , instead of the Treasury determining what securities would be ...
Page 177
... million , it can be seen that the entire railroad retirement ac- count could be rolled over into higher interest - yielding securities in a period of about a year and a half , or maybe a little less . Thus , with the high interest rates ...
... million , it can be seen that the entire railroad retirement ac- count could be rolled over into higher interest - yielding securities in a period of about a year and a half , or maybe a little less . Thus , with the high interest rates ...
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Common terms and phrases
actuarial amendments annuity under section attained age August 29 basis benefit based benefit formula bill calendar carriers centum change No change Class I railroads clause Commission on Railroad common carrier compensation computed Congress cost CowEN credited current connection December 31 deficit DEMPSEY disability earnings effect eligible employee annuity employee's employment enacted entitled Federal financial interchange income individual insurance benefit legislation maximum ment million month monthly non-railroad paid paragraph payable payment pension percent prior to January problem provision No provision rail railroad employees railroad industry Railroad Retirement Account Railroad Retirement Act Railroad Retirement Board railroad retirement program railroad retirement system railroad service receive recommendations reduced revenues road retirement SCHWEIKER Senator HATHAWAY Social Security Act Social Security Administration social security benefits social security system spouse spouse's annuity subdivision subsection supplemental annuity taxable payroll taxes tier 1 benefits tion Treasury wages windfall benefit windfall dual benefits windfall element