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Cowen, James L., Chairman, Railroad Retirement Board, accompanied by
Neil P. Speirs, labor member, Railroad Retirement Board; Dale Zim-
merman, assistant general counsel; Joseph J. Mele, assistant to the man-
agement member; and Abraham Benjamin, director of research‒‒‒‒‒‒
Spiers, Neil P., member, Railroad Retirement Board, representing railroad
labor and management_-_-

TUESDAY, SEPTEMBER 10, 1974

Dennis, C. L., international president, Brotherhood of Railway and Air-
line Clerks, in behalf of the Congress of Railway Unions and Railway
Labor Executives Association, accompanied by Ned Davis, counsel,
Miami, Fla.; Jim Kennedy, general legislative counsel, Washington,
D.C

Dempsey, William H., chairman, National Railway Labor Conference, ac-
companied by Stephen Ailes, president, Association of American Rail-
roads; and H. E. Greer, vice chairman, and W. L. Burner, Jr., director
of research, National Railway Labor Conference_.

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2

149

156

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167

270

291

308

O'Neill, Paul H., Associate Director for Human and Community Affairs,
Office of Management and Budget____

370

DePodwin, Horace J., dean, Graduate School of Business, Rutgers Univer-
sity, accompanied by James Laurie, an independent consultant, formerly
a railroad consultant on matters of railroad legislation policy-
Hacking, James M., legislative representative of the Retired Teachers As-
sociation and American Association of Retired persons--.

387

431

STATEMENTS

Biden, Hon. Joseph R., Jr., a U.S. Senator from the State of Delaware__
Cowen, James L., chairman, Railroad Retirement Board, accompanied by
Neil P. Spiers, labor member, Railroad Retirement Board; Dale Zimmer-
man, assistant general counsel; Joseph J. Mele, assistant to the manage-
ment member; and Abraham Benjamin, director of research__
Prepared statement with appendix_---

165

167

184

Prepared statement on S. 2450 and S. 3522__

263

DePodwin, Horace J., dean, Graduate School of Business, Rutgers Univer-
sity, accompanied by James Laurie, an independent consultant, formerly
a railroad consultant on matters of railroad legislation policy_.
Prepared statement____.

387

394

Dempsey, William H., chairman, National Railway Labor Conference, ac-
companied by Stephen Ailes, president, Association of American Rail-
roads; and H. E. Greer, vice chairman, and W. L. Burner, Jr., director
of research, National Railway Labor Conference--

Prepared statement....

308

335

Dennis, C. L., international president, Brotherhood of Railway and Airline Clerks, in behalf of the Congress of Railway Unions and Railway Labor Executive, Miami, Fla.; Jim Kennedy, general legislative counsel, Washington, D.C_

Prepared statement-

Hacking, James M., legislative representative of the Retired Teachers Association and the American Association of Retired Persons_.

Prepared statement----

Masten, John K., senior citizen (retired).

Page 291

291

431

436

462

Morton, Alexander L----

460

Niessen, Abraham M., former chief actuary, Railroad Retirement Board___
O'Neill, Paul H., Associate Director for Human and Community Affairs,
Office of Management and Budget.

449

370

Prepared and supplemental statement..

378

Speirs, Neil P., member, Railroad Retirement Board, representing railroad labor and management.-.

270

Prepared statement of Mr. Speirs and Mr. Quarels.

276

ADDITIONAL INFORMATION

Chart:

How Coupling of Increases in Benefit Levels for Those on the Benefit
Rolls to the Benefit Formula Itself, Gives Double Advantage to
Future retirees_.

377

Communications to:

Hathaway, William D., a U.S. Senator from the State of Maine, from: Elliott, Floyd L., grand resident, National Association of Retired and Veteran Railway Employees, Inc., Kissimmee, Fla., September 6, 1974____

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Summary of Costs and Savings from Proposed Railroad Retirement
Amendments

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447

459

387

APPENDIX

Text of:

House Report 93-1345 to accompany H.R. 15301_.

471

H.R. 15301, as referred to Committee on Labor and Public Welfare__

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AUGUST 29, 1974.-Committed to the Committee of the Whole House
on the State of the Union and ordered to be printed

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1974

COMMITTEE ON INTERSTATE AND FOREIGN COMMERCE
HARLEY O. STAGGERS, West Virginia, Chairman

TORBERT H. MACDONALD, Massachusetts SAMUEL L. DEVINE, Ohio

JOHN JARMAN, Oklahoma

JOHN E. MOSS, California

JOHN D. DINGELL, Michigan
PAUL G. ROGERS, Florida

LIONEL VAN DEERLIN, California

J. J. PICKLE, Texas

FRED B. ROONEY, Pennsylvania
JOHN M. MURPHY, New York

DAVID E. SATTERFIELD III, Virginia
BROCK ADAMS, Washington

W. 8. (BILL) STUCKEY, JR., Georgia
PETER N. KYROS, Maine
BOB ECKHARDT, Texas
RICHARDSON PREYER, North Carolina
BERTRAM L. PODELL, New York
HENRY HELSTOSKI, New Jersey
JAMES W. SYMINGTON, Missouri
CHARLES J. CARNEY, Ohio
RALPH H. METCALFE, Illinois
GOODLOE E. BYRON, Maryland
WILLIAM R. ROY, Kansas
JOHN BRECKINRIDGE, Kentucky
THOMAS A. LUKEN, Ohio

ANCHER NELSEN, Minnesota

JAMES T. BROYHILL, North Carolina
TIM LEE CARTER, Kentucky
CLARENCE J. BROWN, Ohio
DAN KUYKENDALL, Tennessee
JOE SKUBITZ, Kansas
JAMES F. HASTINGS, New York
JAMES M. COLLINS, Texas
LOUIS FREY, JR., Florida
JOHN WARE, Pennsylvania

JOHN Y. MCCOLLISTER, Nebraska
RICHARD G. SHOUP, Montana
BARRY M. GOLDWATER, JR., California
NORMAN F. LENT, New York

H. JOHN HEINZ III, Pennsylvania
WILLIAM H. HUDNUT III, Indiana
SAMUEL H. YOUNG, Illinois
EDWARD R. MADIGAN, Illinois

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AUGUST 29, 1974.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

Mr. STAGGERS, from the Committee on Interstate and Foreign
Commerce, submitted the following

REPORT

together with

MINORITY VIEWS

[To accompany H.R. 15301]

The Committee on Interstate and Foreign Commerce, to whom was referred the bill (H.R. 15301) to amend the Railroad Retirement Act of 1937 to revise the retirement system for employees of employers covered thereunder, and for other purposes, having considered the same, report favorably thereon with an amendment and recommend that the bill as amended do pass.

The amendment strikes out all after the enacting clause and inserts a new text which is set forth in the reported bill in italic type. The bill was ordered reported by a voice vote.

PRINCIPAL PURPOSE OF THE BILL

The bill provides for a complete restructuring of the Railroad Retirement Act of 1937, and will place it on a sound financial basis. Railroad Retirement benefits will hereafter consist of two components the first tier will be a benefit computed under the Social Security Act, counting all railroad employment as Social Security covered employment, and combining that service with all Social Security covered employment; and a second tier of benefits based on railroad service alone computed under the Railroad Retirement Act. This new technique of computing benefits will bring about more adequate coordination between the Railroad Retirement Act and the Social Security Act, thereby preventing future losses to the Railroad

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