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Td statis. Congress. Senate. Committee on Labor and Taeblie Welfare, Lui.committee on Pairrad Tas tire mes eil. RAILROAD RETIREMENT AMENDMENTS, 1973

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HEARINGS

BEFORE THE

SUBCOMMITTEE ON RAILROAD RETIREMENT

OF THE

COMMITTEE ON LABOR AND PUBLIC WELFARE UNITED STATES SENATE

NINETY-THIRD CONGRESS

FIRST SESSION

ON

S. 1867
TO AMEND THE RAILROAD RETIREMENT ACT OF 1937 AND
THE RAILROAD RETIREMENT TAX ACT TO REVISE CER-
TAIN ELIGIBILITY CONDITIONS FOR ANNUITIES; TO
CHANGE THE RAILROAD RETIREMENT TAX RATES; AND
TO AMEND THE INTERSTATE COMMERCE ACT IN ORDER TO
IMPROVE THE PROCEDURES PERTAINING TO CERTAIN
RATE ADJUSTMENTS FOR CARRIERS SUBJECT TO PART I

OF SUCH ACT, AND FOR OTHER PURPOSES

H.R. 7200
TO AMEND THE RAILROAD RETIREMENT ACT OF 1937 AND
THE RAILROAD RETIREMENT TAX ACT TO REVISE CER-
TAIN ELIGIBILITY CONDITIONS FOR ANNUITIES; TO
CHANGE THE RAILROAD RETIREMENT TAX RATES; AND
TO AMEND THE INTERSTATE COMMERCE ACT IN ORDER TO
IMPROVE THE PROCEDURES PERTAINING TO CERTAIN
RATE ADJUSTMENTS FOR CARRIERS SUBJECT TO PART I
OF THE ACT, AND FOR OTHER PURPOSES

AND RELATED BILLS

MAY 30 AND 31, 1973

Printed for the use of the Committee on Labor and Public Welfare

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1978

96 447 0

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COMMITTEE ON LABOR AND PUBLIC WELFARE

HARRISON A. WILLIAMS, JR., New Jersey, Chairman JENNINGS RANDOLPH, West Virginia JACOB K. JAVITS. New York CLAIBORNE PELL, Rhode Island

PETER H. DOMINICK, Colorado EDWARD M. KENNEDY, Massachusetts RICHARD S. SCHWEIKER, Pennsylvania GAYLORD NELSON, Wisconsin

ROBERT TAFT, JR., Ohio WALTER F. MONDALE, Minnesota

J. GLENN BEALL, JR., Maryland
THOMAS F. EAGLETON, Missouri

ROBERT T. STAFFORD, Vermont
ALAN CRANSTON, California
HAROLD E. HUGHES, Iowa
WILLIAM D. HATHAWAY, Maine

STEWART E. MCCLURE, Chief Clerk

ROBERT E. NAGLE, General Counsel
Roy H. MILLENSON, Minority Chief Clerk
EUGENE MITTELMAN, Minority Counsel

SUBCOMMITTEE ON RAILROAD RETIREMENT

WILLIAM D. HATHAWAY, Maine, Chairman CLAIBORNE PELL, Rhode Island

RICHARD S. SCHWEIKER, Pennsylvania GAYLORD NELSON, Wisconsin

ROBERT TAFT, JR., Ohio HAROLD E. HUGHES, Iowa

J. GLENN BEALL, JR., Maryland
WALTER F. MONDALE, Minnesota

ANGUS S. KING, Jr., Counsel
EUGENE MITTELMAN, Minority Counsel

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CONTENTS

Page

-

Text of:

S. 1867..

Railroad Retirement Board Report

H.R. 7200.------

S. 1886

Railroad Retirement Board Report ---

S. 1805

CHRONOLOGICAL LIST OF WITNESSES

WEDNESDAY, May 30, 1973

Cowen, Hon. James L., Chairman, the Railroad Retirement Board; Hon.

Wythe D. Quarles, Jr., management member, the Railroad Retirement

Board; and Hon. Neil P. Speirs, labor member, the Railroad Retire-

ment Board

Speirs, Hon. Neil P., labor member, Railroad Retirement Board...
Dennis, C. L., international president, Brotherhood of Railway & Airline

Clerks, in behalf of the Congress of Railway Unions & Railway Execu-

tives Association.----

Schoene, Lester P., counsel, Congress of Railway Labor Unions & Rail-

way Labor Executives Association --

O'Neill, Paul H., Associate Director for Community Affairs, Office of Man-

agement and Budget ----

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-------------

i Roard-------

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Dennis, C. L., international president, Brotherhood of Railway & Airline

Clerks, in behalf of the Congress of Railway Unions & Railway Execu-

tives Association ----

Prepared statement.--

Lake, R. D., vice president of Union Railroad, Lake Terminal Railroad,

Newburgh & South Shore Railroad, McKeesport Connecting Railroad,

and Youngstown & Northern Railroad, and director of the Pittsburgh &

Conneaut Dock Co., prepared statement.-------

Martin, John B., consultant to the American Association of Retired Per-

sons, appearing in place of Cyril F. Brickfield, and accompanied by

James M. Hacking, staff member..--

Prepared statement of Cyril F. Brickfield...

O'Neill, Paul H., Associate Director for Community Affairs, Office of Man-

agement and Budget-----

Prepared statement.------

Schoene, Lester P., counsel, Congress of Railway Labor Unions & Railway

Labor Executives Association.-----

Prepared statement.------

----

Speira, Hon. Neil P., labor member, Railroad Retirement Board --------

Winpisinger, William W., general vice president of International Associa-

tion of Machinists & Aerospace Workers, accompanied by Plato E.

Papps, general counsel of the I.A.M..

• Prepared statement....

ADDITIONAL INFORMATION

Articles, publications, etc.:

Railroad Retirement and Unemployment Insurance Programs Opera-

tions in Brief, April 1973, from Monthly Benefit Statistics, May 22,

1973. ----

Communications to:

Hathaway, Hon. William D., a U.S. Senator from the State of Maine,

from:

Dempsey, William H., chairman, National Railway Labor Con-

ference, Washington, D.C., June 1, 1973.

Dennis, C. L., international president, Brotherhood of Railway, Air-

line and Steamship Clerks, Freight Handlers, Express and Station

Employees, AFL-CIO, Washington, D.C., June 1, 1973------
McIntire, Clifford G., legislative director, American Farm Bureau

Federation, Washington, D.C., June 1, 1973 (with enclosure).----

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WEDNESDAY, MAY 30, 1973

U.S. SENATE,

SUBCOMMITTEE ON RAILROAD RETIREMENT OF THE

COMMITTEE ON LABOR AND PUBLIC WELFARE,

Washington, D.C.

The subcommittee met at 9:30 a.m., pursuant to call, in room 4232,

Dirksen Building, Senator William D. Hathaway (chairman of the

subcommittee) presiding.

Present: Senators Hathaway, Schweiker, Beall, and Taft.

Committee staff members present: Angus S. King, Jr., counsel; and

Eugene Mittleman, minority counsel.

Senator HATHAWAY. The Subcommittee on Railroad Retirement will

come to order. Today the Subcommittee on Railroad Retirement of

the Committee on Labor and Public Welfare begins 2 days of hear-

ings on the course of the Railroad Retirement System over the next

several years. There is no need for me to reiterate in detail the situation

of the system at the present time.

The Members of the Senate who are present, as well as those indi-

viduals who have come today to testify, are acutely aware of the cur-

rent precarious financial position of the railroad retirement system.

I think I can safely say that it is the goal of all of us here, Senators

and interested parties alike, to find a remedy for this situation which

is both equitable to all concerned and long range in effect.

To seek less is a shirking of the responsibility we have to the present

retirees, as well as those now working whose retirement is still an

expectation.

Aside from a bill making several technical changes which has been

submitted to us by the Board, S. 1886, and a bill introduced by Senator

Ribicoff substantially identical to the House bill, S. 1805, the com-

mittee has before it today two bills: H.R. 7200, recently passed by the

House, and S. 1867, which I introduced several days ago

At this point I order a copy of the bills referred to printed in the

record.

[A copy of the bills and other information supplied for the record

follows:]

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