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RAILROAD RETIREMENT AMENDMENTS, 1973

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

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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

(II)

CONTENTS

Page

cons

99

122

136

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 ----

THURSDAY, MAY 31, 1973

Dempsey, William H., Chairman, National Railway Conference, accom-

panied by Hugh E. Greer, Director of Research, National Railway

Labor Conference

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.-

Byrnes, Robert B., president, National Railroad Pension Forum, Inc.,

Washington, D.C ------

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 -----

STATEMENTS

American Farm Bureau Federation, presented by Matt Triggs, assistant

legislative director.--

Byrnes, Robert B., president, National Railroad Pension Forum, Inc.,

Washington, D.C..

----

Cowen, Hon. James L., Chairmen, 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 ------

Prepared statement on S. 1867 ------

Prepared statement on S. 1886.--.

Dempsey, William H., chairman, National Railway Conference, accom-

panied by Hugh E. Greer, director of research, National Railway Labor

Conference---------------

Prepared statement.-----

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