RESTRUCTURING OF THE RAILROAD RETIREMENT SYSTEM, 1974 HEARINGS BEFORE THE SUBCOMMITTEE ON RAILROAD RETIREMENT SECOND SESSION ON S. 3612 TO AMEND THE RAILROAD RETIREMENT ACT OF 1937 TO PURPOSES AND RELATED BILLS PART 2 APPENDIX SEPTEMBER 5 AND 10, 1974 Printed for the use of the Committee on Labor and Public Welfare U.S. GOVERNMENT PRINTING OFFICE WASHINGTON : 1974 40-239 O COMMITTEE ON LABOR AND PUBLIC WELFARE HARRISON A. WILLIAMS, JR., New Jersey, Chairman JENNINGS RANDOLPH, West Virginia JACOB K. JAVITS, New York EDWARD M. KENNEDY, Massachusetts RICHARD S. SCHWEIKER, Pennsylvania JOSEPH P. MCMURRAY, Staff Director and Chief Legislative Counsel MARJORIE M. WHITTAKER, Chief Clerk SUBCOMMITTEE ON RAILROAD RETIREMENT WILLIAM D. HATHAWAY, Maine, Chairman CONTENTS Page 2 Text of: S. 3612.--- Departmental report by the Railroad Retirement Board --- 149 156 158 160 CHRONOLOGICAL LIST OF WITNESSES THURSDAY, SEPTEMBER 5, 1974 Cowen, James L., Chairman, Railroad Retirement Board, accompanied by Neil P. Speirs, labor member, Railroad Retirement Board; Dale Zimmerman, 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.- 167 ------ 270 291 TUESDAY, SEPTEMBER 10, 1974 line Clerks, in behalf of the Congress of Railway Unions and Railway D.C companied by Stephen Ailes, president, Association of American Rail- Office of Management and Budget------- sity, accompanied by James Laurie, an independent consultant, formerly sociation and American Association of Retired persons_ ------ STATEMENTS 165 167 184 263 -- Biden, Hon. Joseph R., Jr., a U.S. Senator from the State of Delaware- Neil P. Spiers, labor member, Railroad Retirement Board ; Dale Zimmer- Prepared statement with appendix--- Prepared statement on S. 2450 and S. 3522 sity, accompanied by James Laurie, an independent consultant, formerly Prepared statement.------- companied by Stephen Ailes, president, Association of American Rail- Prepared statement 1 1 Dennis, C. L., international president, Brotherhood of Railway and Air line 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--- Prepared statement------- Prepared and supplemental statement.------ ADDITIONAL INFORMATION How Coupling of Increases in Benefit Levels for Those on the Benefit Rolls to the Benefit Formula Itself, Gives Double Advantage to Future retirees.- Elliott, Floyd L., grand resident, National Association of Retired and Veteran Railway Employees, Inc., Kissimmee, Fla., Septem- August 8, 1974. Summary of Costs and Savings from Proposed Railroad Retirement APPENDIX House Report 93–1345 to accompany H.R. 15301 - 1 IC 1 |