Railroad Retirement: Hearing Before the Committee on Interstate and Foreign Commerce, House of Representatives, Eightieth Congress, Second Session, on H.R. 6766, a Bill to Amend the Railroad Retirement Act of 19367, as Amended, and the Railroad Unemployement Insurance Act, as Amended, and for Other Purposes. June 2, 1948Considers legislation to revise railroad retirement program benefits. |
From inside the book
Results 1-5 of 18
Page 2
350,000,000 or more but less than $ 400,000,000 . 142 percent . $ 300,000,000
or more but less than $ 350,000,000 . 2 percent . $ 250,000,000 or more but less
than $ 300,000,000 . 242 percent . Less than $ 250,000,000 .--3 percent .
350,000,000 or more but less than $ 400,000,000 . 142 percent . $ 300,000,000
or more but less than $ 350,000,000 . 2 percent . $ 250,000,000 or more but less
than $ 300,000,000 . 242 percent . Less than $ 250,000,000 .--3 percent .
Page 7
The provisions dealing with death benefits are designed to make it certain that an
employee or his survivors will receive in benefits not less than the employee has
paid in pay-roll taxes, with an allowance for interest. No doubt this feature will ...
The provisions dealing with death benefits are designed to make it certain that an
employee or his survivors will receive in benefits not less than the employee has
paid in pay-roll taxes, with an allowance for interest. No doubt this feature will ...
Page 8
In 24 of the State systems the minimum rate, not including the three-tenths of 1
percent payable to the Federal Government, is one-half percent or less, and in 44
State systems the minimum is 1 percent or less. The failure in the past to provide
...
In 24 of the State systems the minimum rate, not including the three-tenths of 1
percent payable to the Federal Government, is one-half percent or less, and in 44
State systems the minimum is 1 percent or less. The failure in the past to provide
...
Page 11
It was 25 percent for those based on average monthly compensation of $50 and
less, and it was graduated between 25 and 20 percent for those based on
average hois, compensation between $50 and $150. It was calculated by the
Railroad ...
It was 25 percent for those based on average monthly compensation of $50 and
less, and it was graduated between 25 and 20 percent for those based on
average hois, compensation between $50 and $150. It was calculated by the
Railroad ...
Page 12
This bill, since it provides for a straight 20 percent increase rather than the
average of 20.4, would cost, of course, slightly less than that. Those same studies
of the Railroad Retirement Board indicates that the cost of the present provisions
of ...
This bill, since it provides for a straight 20 percent increase rather than the
average of 20.4, would cost, of course, slightly less than that. Those same studies
of the Railroad Retirement Board indicates that the cost of the present provisions
of ...
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Common terms and phrases
actuarial additional amended American amount annuities appear Association average basis benefits bill Brotherhood CHAIRMAN Commerce committee Congress consideration considered continue contributions cost course covered Crosser death earnings enacted equal Executives existing fact favor feel figures fund further future gentlemen give given Government HARRIs hearings hope increase industry interest introduced January KENDRICK Labor legislation less living lump-sum meet ment month monthly National Railroad Pension organization paid payments percent period present president proposed protection questions rail railroad employees Railroad Pension Forum Railroad Retirement Act Railroad Retirement Board railroad workers Railway reason receive reduced reference represent respect result retirement benefits retirement system session social security Social Security Administration Stack statement subsection survivors Thank understand unemployment insurance unit widow
Popular passages
Page 2 - II of the Social Security Act, as amended. Such election shall be legally effective according to its terms. Nothing in this section shall operate to deprive a widow, widower, or parent making such election of any insurance benefits under title II of the Social Security Act, as amended, to which such widow, widower, or parent would have been entitled had this section not been enacted. The term "benefits...
Page 6 - Association have agreed upon amendments of the Railroad Retirement Act and the Railroad Unemployment Insurance Act, and have agreed jointly to sponsor a bill proposing such amendments.
Page 7 - Both sides believe that the amendments to the Railroad Retirement Act and the Railroad Unemployment Insurance Act, which are proposed in HR 6766, when those amendments are taken together, represent an improvement in the present law.
Page 3 - As soon as practicable following the enactment of this Act, the Board shall determine and proclaim the balance to the credit of the account as of the close of business on September 30, 1947, and on or before December 31...
Page 2 - Act, as amended, such lump sum shall not be paid unless such widow, widower, or parent makes and files with the Board an irrevocable election, in such form as the Board may prescribe, to have such lump sum paid In lieu of all benefits to which such widow, widower, or parent might otherwise become entitled under this section or, pursuant to subsection (k) of this section, under title n of the Social Security Act, as amended.
Page 45 - ... subcommittee reconvened at 2 pm, upon the expiration of the recess.) Senator HATCH (chairman of the subcommittee). The subcommittee will please come to order. I have a statement prepared by Representative Kilburn of New York in behalf of the St. Lawrence seaway project, which will be inserted and made a part of the record. (The statement referred to is as follows:) STATEMENT OF HON. CLARENCE E. KILBURN, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF NEW YORK Representative KIIJUTKN.
Page 2 - ... be entitled to further benefits under title II of the Social Security Act, as amended, such lump sum shall not be paid unless such widow, widower, or parent makes and files with the Board an irrevocable election, in such form as the...
Page 19 - ... coverage under the old age and survivors insurance provisions of the Social Security Act.
Page 2 - Act are hereby amended to read as follows: (a) Every employer shall pay a contribution, with respect to having employees in his service, equal to the percentage hereinafter set forth of so much of the compensation as is not in excess of $300 for any calendar month payable by him to any employee with respect to...
Page 2 - benefits" as used in this paragraph includes all annuities payable under this Act, lump sums payable under paragraph (1) of this subsection, and insurance benefits and...
Bibliographic information
| Title | Railroad Retirement: Hearing Before the Committee on Interstate and Foreign Commerce, House of Representatives, Eightieth Congress, Second Session, on H.R. 6766, a Bill to Amend the Railroad Retirement Act of 19367, as Amended, and the Railroad Unemployement Insurance Act, as Amended, and for ... |
| Author | United States. Congress. House. Committee on Interstate and Foreign Commerce |
| Publisher | U.S. Government Printing Office, 1948 |
| Original from | the Library of Congress |
| Digitized | 12 Jan 2007 |
| Length | 59 pages |
| Export Citation | BiBTeX EndNote RefMan |