Railroad Retirement Amendments, 1973: Hearings, Ninety-third Congress, First Session, on S. 1867 ... |
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... 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 ...
... 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 ...
Page 69
... Senator Schweiker . enator SCHWEIKER . Thank you , Mr. Chairman . Low much time do we have before the fund would theoretically go ke ? [ r . CowEN . Without the provisions for additional income which are S. 1867 , both the Railroad ...
... Senator Schweiker . enator SCHWEIKER . Thank you , Mr. Chairman . Low much time do we have before the fund would theoretically go ke ? [ r . CowEN . Without the provisions for additional income which are S. 1867 , both the Railroad ...
Page 70
... Senator SCHWEIKER . Currently , they retire normally at the age of 65 , and if they retire before that , they have to take a reduced benefit ? Mr. CowEN . That is correct . Senator SCHWEIKER . And this would permit them to retire at 60 ...
... Senator SCHWEIKER . Currently , they retire normally at the age of 65 , and if they retire before that , they have to take a reduced benefit ? Mr. CowEN . That is correct . Senator SCHWEIKER . And this would permit them to retire at 60 ...
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... Senator Schweiker ? nator SCHWEIKER . I just want to pursue that point . You are say- hat envisioning the worst that can happen , that the railroad in- ry doesn't get reactivated , that even with the declining railworker lation , that ...
... Senator Schweiker ? nator SCHWEIKER . I just want to pursue that point . You are say- hat envisioning the worst that can happen , that the railroad in- ry doesn't get reactivated , that even with the declining railworker lation , that ...
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... Senator Schweiker , do you have any further questions ? Senator SCHWEIKER . NO . Senator HATHAWAY . Senator Beall ? Senator BEALL . NO . [ The information requested and the prepared statement Cowen on S. 1867 , H.R. 7200 , and another ...
... Senator Schweiker , do you have any further questions ? Senator SCHWEIKER . NO . Senator HATHAWAY . Senator Beall ? Senator BEALL . NO . [ The information requested and the prepared statement Cowen on S. 1867 , H.R. 7200 , and another ...
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Common terms and phrases
account of age accrue actuarial agreement amount equal annuity computed annuity under section application attained age beneficiaries bill carriers centum Chairman collective bargaining Commission on Railroad common carrier compensation paid CONGRESS THE LIBRARY cost December 31 deemed DEMPSEY determined disability earnings effective employee's enactment financing fund guaranty provision individual entitled individual's inserting in lieu Internal Revenue Code Interstate Commerce Act January July June 30 labor and management Labor and Public legislation lieu thereof medicare ment negotiations Old-Age and Survivors paragraph parties payable payment pension percent problems Public Law purposes pursuant Railroad Retirement Act railroad retirement benefits Railroad Retirement Board railroad retirement system Railroad Retirement Tax railway labor rate increases reduction on account respect Retirement Tax Act section 121 section 2(a Senator HATHAWAY Senator SCHWEIKER September 30 services rendered Social Security Act social security benefits spouse spouse's annuity subsection survivor tax rates temporary benefit increases tion unions
Popular passages
Page 416 - of the complaint thus made shall be forwarded by the Commission to such common carrier, who shall be called upon to satisfy the complaint, or to answer the same in writing, within a reasonable time, to bo specified by the Commission. If such common carrier within the
Page 406 - Subchapter C—Tax on Employers ******* SEC. 3221. RATE OF TAX [(a) In addition to other taxes, there is hereby imposed on every employer an excise tax, with respect to having individuals in his employ, equal to— [(1) 6% percent of so much of the compensation paid by such employer for services rendered to him after September 30, 1965,
Page 407 - as is, with respect to any employee for any calendar month, not in excess of an amount equal to one-twelfth of the current maximum annual taxable "wages" as defined in section 3121 of the Internal Revenue Code of 1954 for any month after September 30, 1973; except that if an employee is paid compensation after September 30,
Page 317 - politic or municipal organization, or any common carrier, complaining of anything done or omitted to be done by any common carrier subject to the provisions of this part, in contravention of the provisions thereof, may apply to said Commission by
Page 408 - by section 3111 (b) of such Code. (c) In addition to other taxes, there is hereby imposed on every employer an excise tax, with respect to having individuals in his employ, for each man-hour for which compensation is paid by such employer for services rendered to him during any calendar quarter, (1) at
Page 301 - If upon computation of the compensation quarters of coverage in accordance with the above table an employee is found to lack a completely or partially insured status which he would have if compensation paid in a calendar year were presumed to have been paid in equal proportions with respect to all months in the year in
Page 406 - (b) In addition to other taxes, there is hereby imposed on the income of each employee representative a tax at a rate equal to the rate of excise tax imposed on every employer, provided for in section 3221 (c), for each man-hour for which compensation is paid to him for services rendered as an employee representative.
Page 405 - and the aggregate of such compensation is in excess of [(i) $450, or (ii)] an amount equal to one-twelfth of the current maximum annual taxable "wages" as defined in section 3121 of the Internal Revenue Code of 1954 [, whichever is greater,] for any month after September 30, [1965] 1973,
Page 407 - 1973, to the employee for services rendered during such month bears to the total compensation paid by all such employers after September 30, [1965] 1973, to such employee for services rendered during such month - and in the event that the compensation so paid by such employers to the employee for services rendered during
Page 306 - and the aggregate of such compensation is in excess of [(i) $450, or (ii)] an amount equal to one-twelfth of the current maximum annual taxable "wages" as defined in section 3121 of the Internal Revenue Code of 1954 [, whichever is greater,] for any month after [September 30, 1965]