Amending the Railroad Retirement Act of 1937: Hearing Before the Subcommittee on Railroad Retirement of the Committee on Labor and Public Welfare, United States Senate, Eighty-ninth Congress, First Session on S. 3157, to Amend the Railroad Retirement Act of 1937 ; Eliminate the Provisions which Reduce the Annuities of the Spouses of Retired Employees by the Amount of Certain Monthly Benefits, June 29, 1965 |
From inside the book
Results 1-5 of 9
Page 4
... level basis . Of this , 0.30 percent of taxable payroll , or $ 13 million a year would be attributable to the removal of the reduction because of social security benefits , and 0.01 percent of taxable payroll or $ 400,000 a year to the ...
... level basis . Of this , 0.30 percent of taxable payroll , or $ 13 million a year would be attributable to the removal of the reduction because of social security benefits , and 0.01 percent of taxable payroll or $ 400,000 a year to the ...
Page 9
... level basis . This amounts to 0.44 percent of taxable payroll . The report of the Railroad Retirement Board on this bill shows that the additional costs of the amendment proposed by the bill would come to approximately $ 14 million a ...
... level basis . This amounts to 0.44 percent of taxable payroll . The report of the Railroad Retirement Board on this bill shows that the additional costs of the amendment proposed by the bill would come to approximately $ 14 million a ...
Page 15
... ⁄2 million , and the drop in the employment level to 700,000 from the 800,000 we are using , we would probably have to have a base of around $ 800 a month . On the basis of AMENDING THE RAILROAD RETIREMENT ACT OF 1937 15.
... ⁄2 million , and the drop in the employment level to 700,000 from the 800,000 we are using , we would probably have to have a base of around $ 800 a month . On the basis of AMENDING THE RAILROAD RETIREMENT ACT OF 1937 15.
Page 16
... basis of the employment level used in our current estimates ( 800,000 ) a monthly base of $ 625 would be sufficient . Senator PELL . If an amendment was ever offered giving that as a base , then you would probably support all these ...
... basis of the employment level used in our current estimates ( 800,000 ) a monthly base of $ 625 would be sufficient . Senator PELL . If an amendment was ever offered giving that as a base , then you would probably support all these ...
Page 18
... base . Mr. HABERMEYER . At some point the possibilities are exhausted . As you stated this morning , an increase from ... level basis . The railroad retirement system is presently running at an annual deficit of $ 19.5 million a year ...
... base . Mr. HABERMEYER . At some point the possibilities are exhausted . As you stated this morning , an increase from ... level basis . The railroad retirement system is presently running at an annual deficit of $ 19.5 million a year ...
Common terms and phrases
$14 million 1951 amendments 89th Congress actuarial deficit additional taxes amend the Railroad AMERICAN RAILROADS amount equal annual taxable wages BEATTIE bill H.R. calendar month Chairman CLAIBORNE PELL Committee on Labor current maximum annual defined in section dual benefits entitled equal to one-twelfth financing FINNEY FINNIGAN HABERMEYER income increased taxes Internal Revenue Code June 29 Labor and Public level basis maximum annual taxable ment National Railroad Pension paid payments payroll assumption percent of taxable Railroad Pension Forum railroad retirement account Railroad Retirement Act railroad retirement annuity Railroad Retirement Board railroad retirement system Railroad Retirement Tax railroad system Railway Labor reduce the deficit restrictions section 2(e Senator FANNIN Senator PELL Social Security Act social security benefit social security system social security taxes spouse's benefit Subcommittee on Railroad Subsection tax base tax rate taxable payroll taxable wage base U.S. SENATOR WAYNE MORSE whichever is greater wife wife's benefit