Income Tax Exemption for Employees' Contributions to Railroad Retirement Fund: Hearing Before the Committee on Ways and Means, House of Representatives, Eighty-fourth Congress, Second Session, on H.R. 10578 and H.R. 11764, Bills to Amend the Railroad Retirement Tax Act. July 3, 1956 |
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Page 3
... actuarial valuation of the assets and liabilities of the railroad retirement system indicates a deficiency in the contribution rate of 1.63 percent of payroll , or $ 86 million a year on a level basis , and it is therefore not possible ...
... actuarial valuation of the assets and liabilities of the railroad retirement system indicates a deficiency in the contribution rate of 1.63 percent of payroll , or $ 86 million a year on a level basis , and it is therefore not possible ...
Page 6
... actuarial committee charged with the responsibility of examining and verifying the accu- racy of these reports . The ... valuation so that the likelihood of an understatement of costs appears to be greater than an overstatement . " The ...
... actuarial committee charged with the responsibility of examining and verifying the accu- racy of these reports . The ... valuation so that the likelihood of an understatement of costs appears to be greater than an overstatement . " The ...
Page 14
... actuarial valuation of the railroad retirement account that according to the latest estimates our present benefit structure is costing us 14.13 percent of the payroll . The current rate of taxation is 64 percent of the payroll on the ...
... actuarial valuation of the railroad retirement account that according to the latest estimates our present benefit structure is costing us 14.13 percent of the payroll . The current rate of taxation is 64 percent of the payroll on the ...
Page 56
... Pension Con- ference could in fact be financed with a 10 percent tax , rather ... actuarial calculations used to keep benefits low follow the principles of ... valuation shows that the fund could afford to increase pensions 60 percent ...
... Pension Con- ference could in fact be financed with a 10 percent tax , rather ... actuarial calculations used to keep benefits low follow the principles of ... valuation shows that the fund could afford to increase pensions 60 percent ...
Page 63
... Actuarial valuation Level costs under- 1937 act 1946 1948 1951 amend- amend- amend- ments ments ments $ 10.80 10.21 ... actuarial valuations . Between the first and the third valuations , the estimated costs under the original act were ...
... Actuarial valuation Level costs under- 1937 act 1946 1948 1951 amend- amend- amend- ments ments ments $ 10.80 10.21 ... actuarial valuations . Between the first and the third valuations , the estimated costs under the original act were ...
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Common terms and phrases
actuarial valuation additional amend the Railroad amount annuities assumptions average bill H. R. Chairman Committee on Interstate Congress deduction earnings employee contributions employee's employment estimated exclusion exemption favorable financed formula gross income House of Representatives income tax income-tax purposes increase in benefits individual interest Interstate and Foreign JERE COOPER KARSTEN Keith Thomson KEOGH labor legislation level cost MACHROWICZ March 13 MCCARTHY ment month Monthly benefit payable noncontributory OASI benefit old-age and survivors paid by employee payable to worker payments present private pension plans railroad employees railroad industry Railroad Pension Conference Railroad Retirement Act railroad retirement benefits Railroad Retirement Board railroad retirement contributions railroad retirement fund railroad retirement program railroad retirement system Railroad Retirement Tax Railway Labor Executives ranking minority member receive retired worker Retirement Tax Act revenue self-employed SMITH social security Social Security Act STACK statement supplemental pension survivor benefits tax rate taxable income treatment wages
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