Amending the Railroad Retirement Act of 1937 |
From inside the book
Results 1-5 of 100
Page 7
... per- cent " and inserting in lieu thereof " 15 percent " , and by striking out the period at the end thereof and inserting in lieu of such period a colon and the following : " Provided , That the rate of tax imposed by this section ...
... per- cent " and inserting in lieu thereof " 15 percent " , and by striking out the period at the end thereof and inserting in lieu of such period a colon and the following : " Provided , That the rate of tax imposed by this section ...
Page 9
... percent of payroll on each side , up to $ 350 a month , to 72 percent of payroll on each side , up to $ 400 a month , effective with respect to compensa- tion for service after June 30 , 1957 ; 3. The tax rates on employee ...
... percent of payroll on each side , up to $ 350 a month , to 72 percent of payroll on each side , up to $ 400 a month , effective with respect to compensa- tion for service after June 30 , 1957 ; 3. The tax rates on employee ...
Page 12
... percent of payroll ( as of December 31 , 1956 ) , to 0.37 percent of payroll . However , this estimate is based in part on a long - range estimate that the provi- sion for financial interchange between the railroad retirement system and ...
... percent of payroll ( as of December 31 , 1956 ) , to 0.37 percent of payroll . However , this estimate is based in part on a long - range estimate that the provi- sion for financial interchange between the railroad retirement system and ...
Page 17
... percentages proposed by the bill in these formulas reflect " rounding out " the result after application of an exact 10 - percent increase in the computation factors . 2. No change is proposed to be made by the bill with respect to that ...
... percentages proposed by the bill in these formulas reflect " rounding out " the result after application of an exact 10 - percent increase in the computation factors . 2. No change is proposed to be made by the bill with respect to that ...
Page 18
... percent and the maximum amount of compensation subject to the tax after June 30 , 1957 , to $ 400 ) by increasing the percentage factor applicable to compensation after 1956 to 7 % percent and to 8 percent after 1957 , and increasing ...
... percent and the maximum amount of compensation subject to the tax after June 30 , 1957 , to $ 400 ) by increasing the percentage factor applicable to compensation after 1956 to 7 % percent and to 8 percent after 1957 , and increasing ...
Other editions - View all
Common terms and phrases
Act is amended actuarial additional agreement amount annuities average base basis beneficiaries benefit rate BEVAN bill Brotherhood CALHOUN capital carriers Chairman chart class I railroads committee compensation Congress cost days of unemployment debt disability earnings effect enacted equipment estimated figures financing fund gross HABERMEYER HEALY income increase Interstate Commerce Commission legislation maximum ment million month monthly OASI OLIVER operating paid payments payroll taxes Pennsylvania Railroad percent of payroll persons present law proposed qualified rail railroad employees railroad industry Railroad Retirement Act Railroad Retirement Board railroad retirement system Railroad Retirement Tax Railroad Unemployment Insurance Railway Labor Act Railway Labor Executives receive respect revenues SCHOENE Senator ALLOTT Senator COOPER Senator MORSE Senator THURMOND seniority sickness benefits Social Security Act statement strike subcommittee survivor tax rate tion unem unemployed unemployment benefits Unemployment Insurance Act Union wage workers
Popular passages
Page 556 - (b) At the request and direction of the Board, it shall be the duty of the Secretary of the Treasury to invest such portion of the amounts credited to the account as, in the judgment of the Board, is not immediately required for the payment of annuities, pensions, and death benefits in accordance with the provisions of this
Page 600 - are not immediately required for the payment of annuities, pensions, and death benefits in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States. The Secretary
Page 613 - which would place the Federal oldage and survivors insurance trust fund in the same position in which it would have been if service as an employee after December 31, 1936, had been included in the term "employment" as defined in the Social Security Act and in the Federal Insurance Contributions Act.
Page 557 - the provisions of this Act and the Railroad Retirement Act of 1935 in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States * * *.
Page 557 - Provided, That such total amount shall be available until expended for making payments required under said retirement acts, and the amount not required for current payments shall be invested by the Secretary of the Treasury in accordance with the provisions of said Railroad Retirement Act of June 24, 1937.
Page 144 - the seniority of the person to whom such benefit is paid is — 1 to 5 years 5 to 10 years 10 to 15 years 15 to 20 years 20 to 25 years 25 years and over. The credit units canceled for such benefit shall be— 1.00 1.11 1.25 1.43 1.67 2.00 2.50
Page 557 - At the request and direction of the Board, it shall be the duty of the Secretary of the Treasury to invest such portion of the amounts credited to the account as, in the judgment of the Board, is not immediately required for the payment of annuities, pensions, and death benefits in accordance with the provisions of this
Page 596 - at the average rate at the end of the calendar month next preceding the date of issue, borne by all marketable interest-bearing obligations of the United States then forming part of the public debt that are not due or
Page 358 - Brotherhood Railway Carmen of America ; Brotherhood of Railroad Signalmen of America; Brotherhood of Railway and Steamship Clerks, Freight Handlers, Express and Station Employees; Brotherhood of Railroad Trainmen; Brotherhood of Sleeping Car Porters; Hotel and Restaurant Employees and Bartenders International Union; International Association of Machinists; International Brotherhood of Boilermakers, Iron Ship Builders, Blacksmiths, Forgers and Helpers; International Brotherhood of
Page 557 - There is hereby created an account in the Treasury of the United States to he known as the Railroad Retirement Account. There is hereby authorized to be appropriated to the account for each fiscal year, beginning with the fiscal year ending June 30, 1937, as an annual premium an