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 |
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Page 10
... taken place since , and particularly your amendment offered this morning , I am authorized to state that we will actively support the amendment and the bill as so amended . Senator PELL . Thank you very much . As you gathered , we are ...
... taken place since , and particularly your amendment offered this morning , I am authorized to state that we will actively support the amendment and the bill as so amended . Senator PELL . Thank you very much . As you gathered , we are ...
Page 11
... taken to insure that our system is actuarily sound . The situation as it now stands , with the figure I believe you men- tioned , indicates to me that we are with this amendment in the area of actuarial soundness . I believe this ...
... taken to insure that our system is actuarily sound . The situation as it now stands , with the figure I believe you men- tioned , indicates to me that we are with this amendment in the area of actuarial soundness . I believe this ...
Page 12
... taken into account , although as a practical matter it must be , the enactment of H.R. 3157 would increase the deficit to about $ 33 million a year , or to three - fourths of 1 percent of taxable payroll . The bill would so increase the ...
... taken into account , although as a practical matter it must be , the enactment of H.R. 3157 would increase the deficit to about $ 33 million a year , or to three - fourths of 1 percent of taxable payroll . The bill would so increase the ...
Page 16
... taken place . But are they not becoming diverified ? Are they not like more of American industries of today ? Whereas , they were re- stricted in the past . Further , I think it is commendable what has been accomplished by the railroads ...
... taken place . But are they not becoming diverified ? Are they not like more of American industries of today ? Whereas , they were re- stricted in the past . Further , I think it is commendable what has been accomplished by the railroads ...
Page 17
... taken high taxes from these people that are working in the industry and it seems to me we have to give recognition to that , and I do not think we can take away benefits for which we are obligated . It is like unscrambling an egg , more ...
... taken high taxes from these people that are working in the industry and it seems to me we have to give recognition to that , and I do not think we can take away benefits for which we are obligated . It is like unscrambling an egg , more ...
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