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 1937: As Amended, and the Railroad Unemployment 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 8
... protect or provide an ample reserve account . The bill , in providing a method of adjusting the unemployment tax of railroads to actual needs does only what has been done with respect to corresponding taxes which are paid by employers ...
... protect or provide an ample reserve account . The bill , in providing a method of adjusting the unemployment tax of railroads to actual needs does only what has been done with respect to corresponding taxes which are paid by employers ...
Page 18
... protection . In addition , the chamber is of course anxious that the two or three million railroad employees - now pro- tected by the special railroad social security programs should also have suitable coverage . Incidentally , the ...
... protection . In addition , the chamber is of course anxious that the two or three million railroad employees - now pro- tected by the special railroad social security programs should also have suitable coverage . Incidentally , the ...
Page 19
... protection against major economic hazards of life with respect to which private effort , either individual or group , has been demonstrated to be substantially inadequate . 2. All compulsory social security legislation should be uniform ...
... protection against major economic hazards of life with respect to which private effort , either individual or group , has been demonstrated to be substantially inadequate . 2. All compulsory social security legislation should be uniform ...
Page 20
... protection which present railroad employees now possess . Consequently , an extension of old - age and survivors insur- ance coverage to railroad employees would require the revision of the railroad system , for at least a transitional ...
... protection which present railroad employees now possess . Consequently , an extension of old - age and survivors insur- ance coverage to railroad employees would require the revision of the railroad system , for at least a transitional ...
Page 24
... protection . I do not mean that the railroad employees should be brought under social security as it is , with the social security system as it is , but rather we should all work together toward having one uniform , comprehensive ...
... protection . I do not mean that the railroad employees should be brought under social security as it is , with the social security system as it is , but rather we should all work together toward having one uniform , comprehensive ...
Common terms and phrases
$300 per month actuarial amend the Railroad amount average bill H. R. Chairman and gentlemen Clason class I railroads Committee on Interstate contributions cost of living Crosser Act Crosser amendments Crosser bill discrimination favor Federal Foreign Commerce HAAS HARRIS hearings interest Interstate and Foreign introduced January KENDRICK Labor Executives Association Lee O'Daniel legislation ment monthly compensation National Railroad Pension O'HARA old-age and survivors paid pay roll pension fund percent of pay period present law proposed rail employees Rail workers railroad employees railroad industry Railroad Pension Forum Railroad Retirement Act Railroad Retirement Board railroad retirement system Railroad Unemployment Insurance railroad workers Railway Labor Executives receive regional vice president REPRESENTATIVE IN CONGRESS retirement age retirement annuities retirement benefits retirement fund ROBERT CROSSER SCHOENE session Social Security Act Social Security Administration STACK statement subsection survivors insurance tax rate tion Unemployment Insurance Act Wolverton
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...