RESTRUCTURING OF THE RAILROAD RETIREMENT

SYSTEM, 1974

HEARINGS

BEFORE THE

SUBCOMMITTEE ON RAILROAD RETIREMENT

OF THE

COMMITTEE ON

LABOR AND PUBLIC WELFARE

UNITED STATES SENATE

NINETY-THIRD CONGRESS

SECOND SESSION

ON

S. 3612

TO AMEND THE RAILROAD RETIREMENT ACT OF 1937 TO

REVISE THE RETIREMENT SYSTEM FOR EMPLOYEES OF

EMPLOYERS COVERED THEREUNDER, AND FOR OTHER

PURPOSES

AND RELATED BILLS

PART 1

SEPTEMBER 5 AND 10, 1974

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

COMMITTEE ON LABOR AND PUBLIC WELFARE

HARRISON A. WILLIAMS, JR., New Jersey, Chairman

JENNINGS RANDOLPH, West Virginia

CLAIBORNE PELL, Rhode Island

EDWARD M. KENNEDY, Massachusetts

GAYLORD NELSON, Wisconsin

WALTER F. MONDALE, Minnesota

THOMAS F. EAGLETON, Missouri

ALAN CRANSTON, California

HAROLD E. HUGHES, Iowa

WILLIAM D. HATHAWAY, Maine

JACOB K. JAVITS, New York

PETER H. DOMINICK, Colorado

RICHARD S. SCHWEIKER, Pennsylvania

ROBERT TAFT, JR., Ohio

J. GLENN BEALL, JR., Maryland

ROBERT T. STAFFORD, Vermont

JOSEPH P. MCMURRAY, Staff Director and Chief Legislative Counsel

MARJORIE M. WHITTAKER, Chief Clerk

ROY H. MILLENSON, Minority Staff Director

JAY B. CUTLER, Minority Counsel

SUBCOMMITTEE ON RAILROAD RETIREMENT

WILLIAM D. HATHAWAY, Maine, Chairman

CLAIBORNE PELL, Rhode Island
GAYLORD NELSON, Wisconsin
HAROLD E. HUGHES, Iowa
WALTER F. MONDALE, Minnesota

RICHARD S. SCHWEIKER, Pennsylvania
ROBERT TAFT, JR., Ohio

J. GLENN BEALL, JR., Maryland

ANGUS S. KING, Jr., Counsel
DON ZIMMERMAN, Minority Counsel

(II)

Cowen, James L., Chairman, Railroad Retirement Board, accompanied by

Neil P. Speirs, labor member, Railroad Retirement Board; Dale Zim-

merman, assistant general counsel; Joseph J. Mele, assistant to the man-

agement member; and Abraham Benjamin, director of research.

Spiers, Neil P., member, Railroad Retirement Board, representing railroad

labor and management---

TUESDAY, SEPTEMBER 10, 1974

Dennis, C. L., international president, Brotherhood of Railway and Air-

line Clerks, in behalf of the Congress of Railway Unions and Railway

Labor Executives Association, accompanied by Ned Davis, counsel,

Miami, Fla.; Jim Kennedy, general legislative counsel, Washington,

D.C

Dempsey, William H., chairman, National Railway Labor Conference, ac-

companied by Stephen Ailes, president, Association of American Rail-

roads; and H. E. Greer, vice chairman, and W. L. Burner, Jr., director

of research, National Railway Labor Conference_.

O'Neill, Paul H., Associate Director for Human and Community Affairs,

Office of Management and Budget____.

DePodwin, Horace J., dean, Graduate School of Business, Rutgers Univer-

sity, accompanied by James Laurie, an independent consultant, formerly

a railroad consultant on matters of railroad legislation policy---

Hacking, James M., legislative representative of the Retired Teachers As-

sociation and American Association of Retired persons..

STATEMENTS

Biden, Hon. Joseph R., Jr., a U.S. Senator from the State of Delaware__.

Cowen, James L., chairman, Railroad Retirement Board, accompanied by

Neil P. Spiers, labor member, Railroad Retirement Board; Dale Zimmer-

man, assistant general counsel; Joseph J. Mele, assistant to the manage-

ment member; and Abraham Benjamin, director of research__

Prepared statement with appendix_

Prepared statement on S. 2450 and S. 3522_

DePodwin, Horace J., dean, Graduate School of Business, Rutgers Univer-

sity, accompanied by James Laurie, an independent consultant, formerly

a railroad consultant on matters of railroad legislation policy.

Prepared statement..

Dempsey, William H., chairman, National Railway Labor Conference, ac-
companied by Stephen Ailes, president, Association of American Rail-
roads; and H. E. Greer, vice chairman, and W. L. Burner, Jr., director
of research, National Railway Labor Conference--

Prepared statement__

(III)

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