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
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Page 2
... and prior to January 1 , 1947 , and 7 per centum of his compensation after
December 31 , 1946 ( exclusive in both cases of compensation in excess of $
300 for any month ) , minus the sum of all benefits paid to him , or to others by
reason of ...
... and prior to January 1 , 1947 , and 7 per centum of his compensation after
December 31 , 1946 ( exclusive in both cases of compensation in excess of $
300 for any month ) , minus the sum of all benefits paid to him , or to others by
reason of ...
Page 4
Let me read it: An annuity shall accrue with respect to the month in which the
annuitant dies; except that if death occurs on or before the 15th day of such
month, only onehalf of the annuity for such month shall be considered to have
accrued.
Let me read it: An annuity shall accrue with respect to the month in which the
annuitant dies; except that if death occurs on or before the 15th day of such
month, only onehalf of the annuity for such month shall be considered to have
accrued.
Page 9
The minimum retirement annuity - I am speaking generally , with some
exceptions - is $ 50 a month . That would be increased to $ 60 a month . The
highest pension now is $ 120 a month , and that would be increased to $ 144 . Mr
. LEA .
The minimum retirement annuity - I am speaking generally , with some
exceptions - is $ 50 a month . That would be increased to $ 60 a month . The
highest pension now is $ 120 a month , and that would be increased to $ 144 . Mr
. LEA .
Page 10
The largest single annuity which can be received under the Social Security Act is
$44 a month. In addition to that, of course, there are certain additions for the wife
and one or more children. The very maximum under that act was $85 a month, ...
The largest single annuity which can be received under the Social Security Act is
$44 a month. In addition to that, of course, there are certain additions for the wife
and one or more children. The very maximum under that act was $85 a month, ...
Page 11
The increase was exactly 20 percent for all annuities based on $150 and over of
average monthly compensation. It was 25 percent for those based on average
monthly compensation of $50 and less, and it was graduated between 25 and 20
...
The increase was exactly 20 percent for all annuities based on $150 and over of
average monthly compensation. It was 25 percent for those based on average
monthly compensation of $50 and less, and it was graduated between 25 and 20
...
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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 |