Amending the Railroad Retirement Act of 1937 |
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Page 10
... workers , the Railroad Unemployment Insurance Act would be amended as follows : 1. The daily benefit rate would be increased from 50 percent of compensation for the employee's last employment in a base year , to 60 percent of such com ...
... workers , the Railroad Unemployment Insurance Act would be amended as follows : 1. The daily benefit rate would be increased from 50 percent of compensation for the employee's last employment in a base year , to 60 percent of such com ...
Page 12
... workers who have had 5 or more years of railroad service , would be a striking innovation for this country . As the Board puts it , under that provision " an un- employed man with 20 or more years of service could receive benefits ...
... workers who have had 5 or more years of railroad service , would be a striking innovation for this country . As the Board puts it , under that provision " an un- employed man with 20 or more years of service could receive benefits ...
Page 29
... workers , is nearly three times as much ( 121⁄2 percent on employee earnings up to $ 350 a month ) . The social - security tax is , of course , scheduled by law to be increased at some future time , and the railroad retirement tax is ...
... workers , is nearly three times as much ( 121⁄2 percent on employee earnings up to $ 350 a month ) . The social - security tax is , of course , scheduled by law to be increased at some future time , and the railroad retirement tax is ...
Page 31
... workers in the industry , so that when they are qualified for benefits there will be money in the fund to pay those benefits . I do notice that S. 1313 provides for the financing of the liberaliza- tion , and will put the system on a ...
... workers in the industry , so that when they are qualified for benefits there will be money in the fund to pay those benefits . I do notice that S. 1313 provides for the financing of the liberaliza- tion , and will put the system on a ...
Page 32
... workers . But due to a combina- tion of circumstances , you didn't have time in which to give consider- ation to the necessary financing . And as you , Senator Morse , have pointed out earlier , you made known your intention early in ...
... workers . But due to a combina- tion of circumstances , you didn't have time in which to give consider- ation to the necessary financing . And as you , Senator Morse , have pointed out earlier , you made known your intention early in ...
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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