Retirement System for Interstate Carriers' Employees. Hearing Before a Subcommittee ... on H.R. 8651 ... July 16-17, 1935 |
From inside the book
Results 1-5 of 44
Page 2
... percentages of the monthly compensation : 2 per centum of the first $ 50 ; 1 % per centum of the next $ 100 ; and 1 per centum of the compensa- tion in excess of $ 150 . The " monthly compensation " shall be the average of the monthly ...
... percentages of the monthly compensation : 2 per centum of the first $ 50 ; 1 % per centum of the next $ 100 ; and 1 per centum of the compensa- tion in excess of $ 150 . The " monthly compensation " shall be the average of the monthly ...
Page 14
... per- cent of their income , and the other is an excise tax on the carriers of 4 percent of the employees ' wages for the privilege of being a carrier . The theory of that type of taxation , of course , is overwhelmingly sustained . The ...
... per- cent of their income , and the other is an excise tax on the carriers of 4 percent of the employees ' wages for the privilege of being a carrier . The theory of that type of taxation , of course , is overwhelmingly sustained . The ...
Page 17
... percent , of course , were used . For that part of annuities to be based on 1924-31 salaries and wages , the actual salaries and wages of that period were the basis of the estimates . The actual RETIREMENT FOR EMPLOYEES OF INTERSTATE ...
... percent , of course , were used . For that part of annuities to be based on 1924-31 salaries and wages , the actual salaries and wages of that period were the basis of the estimates . The actual RETIREMENT FOR EMPLOYEES OF INTERSTATE ...
Page 18
... percent . Now , at the present time would mean a pay roll of ap- proximately $ 2,100,000,000 a year as compared with an actual pay roll of $ 1,600,000,000 , and consequently we have given the figures here on both the basis of the ...
... percent . Now , at the present time would mean a pay roll of ap- proximately $ 2,100,000,000 a year as compared with an actual pay roll of $ 1,600,000,000 , and consequently we have given the figures here on both the basis of the ...
Page 20
... percent , less any annuity payments received . Under the new bill the death payment to the beneficiary is payable only to persons who are en- titled to receive annuity or actually receive a death benefit of one- half year's annuity ...
... percent , less any annuity payments received . Under the new bill the death payment to the beneficiary is payable only to persons who are en- titled to receive annuity or actually receive a death benefit of one- half year's annuity ...
Common terms and phrases
actuarial amendment amount basis burden calculations carload carriers Chairman Child Labor class I railroads committee compensation Constitution CORBETT cost of annuities CROSSER Dagenhart decision disbursements effective date EKERN electric railways enactment hereof engaged in interstate estimates fact fifth amendment freight freight-forwarding companies future Grain Futures Act hearings increase Interstate Commerce Act Interstate Commerce Commission Judge Fletcher Judge Krauthoff Justice Roberts labor executives Latimer legislation levy MARTIN matter ment mimeographed bill mimeographed copy MONAGHAN month operating opinion paid PARMELEE pay rolls Pension Association pension plans pension system percent persons ployees power of Congress present President printed bill prior service proposed provisions purpose question railroad employees Railroad Retirement Act Railroad Retirement Board Railway Labor Railway Labor Act rates reason representative reserves retirement system ROBERT CROSSER Senate short-line railroads Social Security Act statement Supreme Court tion transportation Treasury unconstitutional United
Popular passages
Page 81 - Should Congress, in the execution of its powers, adopt measures which are prohibited by the Constitution ; or should Congress, under the pretext of executing its powers, pass laws for the accomplishment of objects not intrusted to the government, it would become the painful duty of this tribunal, should a case requiring such a decision come before it, to say that such an Act was not the law of the land.
Page 53 - ... 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 112 - That must always rest upon some difference which bears a reasonable and just relation to the act in respect to which the classification is proposed, and can never be made arbitrarily, and without any such basis.
Page 53 - 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 3 - There is hereby established, as an independent agency in the executive branch of the Government, a board to be known as the 'National Mediation Board...
Page 50 - ... handling of property transported by railroad, and any receiver, trustee, or other individual or body, judicial or otherwise, when in the possession of the property or operating all or any part, of the business of any such employer: Provided, however, That the term "employer...
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...
Page 51 - 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 86 - ... great number of subjects of public interest, jurisdiction of which the States have never parted with, and which are reserved to them by the Tenth Amendment, would be to enact a detailed measure of complete regulation of the subject and enforce it by a so-called tax upon departures from it. To give such magic to the word "tax...
Page 112 - In the case at bar, Congress in the name of a tax which on the face of the act is a penalty, seeks to do the same thing, and the effort must be equally futile.