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HEARINGS

BEFORE THE

SUBCOMMITTEE ON RAILROAD RETIREMENT

OF THE

COMMITTEE ON
LABOR AND PUBLIC WELFARE
UNITED STATES SENATE
EIGHTY-FIFTH CONGRESS

FIRST SESSION

ON

S. 360
A BILL TO AMEND SECTION 2 (d) OF THE RAILROA, RETIREMENT
ACT OF 1937 SO AS TO INCREASE THE MAXIMUM \MOUNT WHICH
A RECIPIENT OF DISABILITY BENEFITS UNDER SUCH ACT MAY
RECEIVE AS EARNINGS FROM EMPLOYMENT OR SELF-EMPLOYMENT

S. 945
A BILL TO AMEND THE RAILROAD RETIREMENT ACT OF 1937, AS

AMENDED

S. 1313
A BILL TO AMEND THE RAILROAD RETIREMENT ACT OF 1937, THE
RAILROAD RETIREMENT TAX ACT, AND THE RAILROAD UNEMPLOY-
MENT INSURANCE ACT, SO AS TO PROVIDE INCREASES IN BENEFITS,

AND FOR OTHER PURPOSES

S. 1630
A BILL TO AMEND THE RAILROAD UNEMPLOYMENT INSURANCE
ACT SO AS TO PROTECT BENEFITS OF BONA FIDE RAILROAD
EMPLOYEES, REMOVE CERTAIN INEQUITIES, AND FOR OTHER

PURPOSES

AND

S. 1651
A BILL TO AMEND THE RAILROAD UNEMPLOYMENT INSURANCE
ACT SO AS TO PROTECT BENEFITS OF BONA FIDE RAILROAD
EMPLOYEES, REMOVE CERTAIN INEQUITIES, AND FOR OTHER

PURPOSES

MARCH 12, 13, 14, MAY 1, 3, 8, AND 9, 1957

Printed for the use of the Committee on Labor and Public Welfare

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COMMITTEE ON LABOR AND PUBLIC WELFARE

LISTER HILL, Alabama, Chairman JAMES E. MURRAY, Montana

H. ALEXANDER SMITH, New Jersey MATTHEW M. NEELY, West Virginia IRVING M. IVES, New York JOHN F. KENNEDY, Massachusetts

WILLIAM A. PURTELL, Connecticut PAT MCNAMARA, Michigan

BARRY GOLDWATER, Arizona WAYNE MORSE, Oregon

GORDON ALLOTT, Colorado STROM THURMOND, South Carolina JOHN SHERMAN COOPER, Kentucky

STEWART E. MCCLURE, Chief Clerk

SUBCOMMITTEE ON RAILROAD RETIREMENT

WAYNE MORSE, Oregon, Chairman JOHN F. KENNEDY, Massachusetts

JOHN SHERMAN COOPER, Kentucky STROM THURMOND, South Carolina GORDON ALLOTT, Colorado

MERTON C. BERNSTEIN, Special Counsel to the Subcommittee

II

CONTENTS

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Association of American Railroads.---

--- 185, 209, 321, 364, 639

Association of Western Railways ----

199
Brotherhood of Railway Clerks.---

638

Brotherhood of Railway and Steamship Clerk

Bureau of Railway Economics----

364

General Accounting Office-----

590

Life Extension Foundation, New York, N. Y.

15

National Association of Retired and Veteran Railway Employees

158
National Railroad Pension Forum, Inc.--

159, 169, 172, 173
Pennsylvania Railroad Co----
Railroad Pension Conference--------

627

Railroad Retirement Board-----

16, 190, 235, 540

Railway brotherhoods------

-- 61, 402

Railway Labor Executives Association.

- 107, 387

Richmond, Fredericksburg & Potomac Railroad..

Union Pacific Railroad Co.--

168

STATEMENTS

Barrett, Hon. Frank A., United States Senator from the State of Wyoming. 13

Bevan, David C., vice president, finance, Pennsylvania Railroad Co.--- 242

Calhoun, Leonard J., consultant, Association of American Railroads -185, 209, 321

Fain, Guy F., grand president, National Association of Retired and

Veteran Railway Employees.--------

158

Finney, Gerald D., general attorney, Association of American Railroads.- 185

Goodin, John D., Johnson City, Tenn...

175

Habermeyer, Howard W., Chairman, Railroad Retirement Board. ----- 16, 540

Harper, Horace W., member, Railroad Retirement Board ------- -- 16, 33, 540

Harrison, George M., president, Brotherhood of Railway and Steamship

Clerks; and Lester P. Schoene, general counsel. -----

-- 431, 535

Healy, Thomas M., member, Railroad Retirement Board ------ 16, 41, 540, 570

Loomis, D. P., chairman, Association of Western Railways ------

---- 199
McKenna, Frank J., chief executive director, Railroad Retirement Board.. 190
Monroe, J. Elmer, director, Bureau of Railway Economics, and vice presi-
dent, Association of American Railroads ------

-- 185, 364

Nelson, Lloyd A., Associate Director, Civil and Accounting Division,

General Accounting Office; accompanied by Charles E. Eckert, legisla-

tive attorney, Office of the Comptroller General; and James L. Thomp-

son, Jr., supervising accountant, Civil Accounting and Auditing Division,

General Accounting Office--.

590

STATEMENTS-Continued

Page
Oliver, E. L., economic adviser, Railway Labor Executives Association.-107, 387
Rice, W. Thomas, president, Richmond, Fredericksburg & Potomac Rail-
road.-------

207
Sands, Walt, public relations-research director, National Railroad Pension
Forum, Inc.---

169
Schoene, Lester P., representing Railway Brotherhoods_

-61, 402, 431
Stack, Thomas, president, National Railroad Pension Forum, Inc.------159, 173

ADDITIONAL INFORMATION

Additional annual payroll taxes that would be payable under pensions of

S. 1313..

373

Age distribution of railroad unemployment insurance beneficiaries, 1955–

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Annual cost of increases in labor expenses and material prices since January

1, 1955, based on levels of employment and material consumption in the

calendar year 1955—Class I railways in the United States.------

370

Average days of unemployment under Railroad Unemployment Insurance

Act, 1945–56...

132

Average nominal rate of interest on unmatured long-term debt, by kind of

debt (as of December 31, 1951, to 1955) class of railways -------

381

Beneficiaries under the Railroad Unemployment Insurance Act, 1945–56.. 132

Benefits paid to discharged and suspended railroad employees claiming
UI benefits from July 1, 1956, through March 1, 1957.--

568
Current assets and current liabilities, class I line-haul railways, 1929–56. 427
Distribution of commercial intercity freight traffic

374

Distribution of gross revenues, railroads of class I in the United States,

1929 and 1956.

Distribution of railroad revenue dollar, railways of class I in the United

States, 1929, 1955, and 1956.-

368

Distribution of the railroad revenue dollar, 1929 and 1956.---.

368

Distribution of railway operating revenues, railways of class I in the

United States---

639

Draft of bill of the Association of American Railroads ----

224
Duration of unemployment, by age groups-benefit years 1947-48, 1950–
51, 1955–56_--

133

Effect of the bill S. 1313 on benefit payments under the Railroad Retire-

ment Act and the Railroad Unemployment Insurance Act, and on tax

rates under the Railroad Retirement Tax Act and on contribution rates

under the Railroad Unemployment Insurance Act..

Employment, traffic, and employees per million traffic units-class I line-

haul railways, 1920-January 1957.--
Exhaustion of railroad unemployment benefits—1947-48, 1950-51, and
1955–56.-----

133
50 percent pensions after 30 years, the need and responsibility-a report
of the Railroad Pension Conference, New Haven, Conn.---

628
Financial impact of pension costs on the railroad industry, by Robert J.
Myers, reprinted from the May 1956 issue of Labor Law Journal.----

82

Gross revenues and net earnings, railroads of class I in the United States

Letters:

Bevan, David C., vice president, Pennsylvania Railroad Co., to Hon.

Wayne L. Morse, May 13, 1957, and enclosures.--

Campbell, Hon. Joseph, comptroller General of the United States, to

Hon. Sam Rayburn, April 26, 1957-----

616

Carter, C. B., Railroad Pension Conference, New Haven, Conn., to

Chairman, and enclosure.--

627

Donlon, William J., general chairman, Brotherhood of Railway Clerks,

to Hon. Gordon Allott.---

638

Finney, Gerald, D., general attorney, Association of American Rail-

roads, to Hon. Wayne Morse, and enclosure.... -------341, 384, 639

Fleming, Gerald D., Association of American Railroads, to Hon.
Wayne Morse, May 15, 1957, and enclosure --

3810
Goodin, John D., Johnson City, Tenn., to Hon. Gordon Allott,
March 19, 1957. .-

574
Goodin, John D., to Hon. Wayne Morse, March 20, 1957.

183

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164

173

ADDITIONAL INFORMATION—Continued
Letters—Continued

Page
Habermeyer, Howard W., chairman, Railroad Retirement Board, to

Hon. Joseph Campbell, Comptroller General of the United States,
April 19, 1957-----

553
Habermeyer, Howard W., chairman, Railroad Retirement Board, to

railroads, March 8, 1957------
Habermeyer, Howard W., chairman, Railroad Retirement Board, to

Hon. Wayne Morse, April 5, May 14, and July 9, 1957, and en-
closures.-----

-------38, 337, 541, 624

Harrison, George M., grand president, Brotherhood of Railway and

Steamship Clerks, to Stewart E. McClure, staff director, May 13,

1957, and enclosures ------

510

Higgenbottom, F. K., Toronto, Canada, to Thomas Stack, president,

National Railroad Pension Forum, Inc., March 8, 1957----

172

Johnson, Harry J., Life Extension Foundation, New York, N. Y., to

Hon. Frank A. Barrett.-----

Schoene, Lester P., representing railway brotherhoods, to Hon.

Wayne Morse, May 15, 1957-..

407

Stack, Thomas, president, National Railroad Pension Forum, Inc., to

Hon. Lister Hill, and others, March 4 and May 14, 1957.-

Weitzel, Frank H., Assistant Comptroller General of the United

States, to Hon. Sam Rayburn, February 10, 1955---------

597

--------------

Market prices of railroad stocks--------

384

Maternity leave pensions in union agreements----

411

Net income and depreciation changes, class I line-haul railways in the

United States, 1921-56-----

428

Net income per dollar of gross revenues, leading corporations in the United

States------

429

New entrants into railroad service in 1955 by occupational group ------- 139

Number of new entrants in 1953, by occupational group --------

135

Pension plans supplementary to the Railroad Retirement System--

Percent employees with more or less than 10 years of service ----

Placement activities of the Railroad Retirement Board, 1955 and 1956,

excerpts from reports in the Monthly Review of the Railroad Retirement

Board ----

Postwar investment in new plant and equipment related to employment,

all manufacturing and class I line-haul railways ---

Principal provisions and level costs of bills to amend the Railroad Retire-

ment, Railroad Retirement Tax, and Railroad Unemployment Insurance

Acts pending before the Senate, 85th Congress, as of March 5, 1957.---

Railroad employees, by employment status-1937-55-----

132

Railroad employees in 1952, by occupational group and employment status. 135

Railroad employees in 1954, by age and by period of service.----------

Railroad employees in 1954 by occupational group and employment status. 139

Railroad employees with service in 1952 but not in 1953, alive and not

retired at end of 1953, by completed years of service and by age (age

on birthday in 1952) ------

Railroad employees with service in 1954 but not in 1955, alive and not

retired at end of 1955, by completed years of service and by age on

birthday in 1954..

140

Railroad equipment obligations------

381

Railroad unemployment insurance accounts exhausted, by years 1945–56. 134
Railroad Unemployment Insurance System financial statements.---

614
Railway net income per dollar of revenue and corporate profits per dollar

of gross national product-------
Railway traffic, railway investment, and population trends, 1929–56.--
Railway wage costs per dollar of revenue, and compensation of all em-
ployees, per dollar of gross national product ---

---

Rate of return on net investment, railways of class I in the United States. 376

Relationship of net current assets to railway operating expenses, class I

line-haul railways, 1929–56.---

427

Report on audit of Railroad Retirement Board for the fiscal year ended

June 30, 1953, by the Comptroller General of the United States ------ 598

Report on significant financial aspects of the Railroad Retirement Board,

December 1956_------

----------

617

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