Page images
PDF
EPUB

136.

(f) Section 5(1) (10) of such Act is amended by striking out 45 USC 2280. “44”, “11”, “$350”, “$15.40”, “$36.66”, “$27.50”, and “$14.66” wherever they appear and inserting in lieu thereof "49”, “12”, “$400”, “$16.95", 13 Stat: 28. “$40.33”, “$30.25", and "$16.13”, respectively.

Sec. 4. Section 20 of the Railroad Retirement Act of 1937 13 amended 45 USC 2289-1. (1) by inserting “(a)” immediately after "Sec. 20."; and (2) by adding at the end thereof the following new subsection:

*(b) Pensions and annuities under this Act or the Railroad Retire- Veterans. ment Act of 1935 shall not be considered as income for the purposes of section 522 of title 38 of the United States Code.”

Sec. 5. All pensions under section 6 of the Railroad Retirement Annuity inoroase. Act of 1937, all joint and survivor annuities and survivor annuities 45 USC 2281 • deriving from joint and survivor annuities under that Act awarded before the month next following the month of enactment of this Act, all widows' and widowers' insurance annuities which began to accrue before the second calendar month next following the month of such enactment, and which, in accordance with the proviso in section 5(a) or section 5(b) of the Railroad Retirement Act of 1937, are payable 45 USC 2286. in the amount of the spouse's annuity to which the widow or widower was entitled, and all annuities under the Railroad Retirement Act of 1935, are increased by 10 per centum.

Sec. 6. (a) The amendments made by section 1 (other than subsec. Erreotivo datos. tion (b) thereof), by subsections (a) and (c) of section 2, and by sub section (b) of section 3 shall be effective only with respect to annuities (not including annuities to which section 5 .applies) accruing for months after the month of enactment of this Act. The amendment made by subsection (b) of section 1 and by subsection (c) of section 3 shall be effective with respect to annuities accruing during the calendar year 1959 and subsequent calendar years. The amendment made by subsection (a) of section 3 shall be effective only with respect to lumpsum payments (under section 5(f) (2) of the Railroad Retirement Act of 1937) in the case of deaths occurring after the month of enactment of this Act. The amendments made by subsection (f) of section 3 shall be effective only with respect to annuities accruing for months after the month of enactment of this Act and lump-sum payments (under section 5(f) (1) of the Railroad Retirement Act of 1937) in the case of deaths occurring after the month of enactment of this Act. Sections 4 and 5 shall be effective only with respect to pensions due in calendar months after the month next following the month of enactment of this Act and annuities accruing for months after the month of enactment of this Act.

boortirioations. (b) All recertifications required by reason of the amendments made Rooert by this part shall be made by the Railroad Retirement Board without application therefor.

Part II_AMENDMENTS TO THE RAILROAD RETIREMENT Tax Act

Sec. 201. (a) Section 3201 of the Railroad Retirement Tax Act is 681 Stat. 431. amended to read as follows:

26 USC 3201. "SEC. 3201. RATE OF TAX.

“In addition to other taxes, there is hereby imposed on the income employmes, of every employee a tax equal to

"(1) 634 percent of so much of the compensation paid to such employee for services rendered by him after the month in which this provision was amended in 1959, and before January 1, 1962, and

“(2) 744 percent of so much of the compensation paid to such

employee for services rendered by him after December 31, 1961, as is not in excess of $400 for any calendar month: Provided, That

73 Stat. 29, the rate of tax imposed by this section shall be increased, with respect to compensation paid for services rendered after December 31, 1964, by a number of percentage points (including fractional points) equal at any given time to the number of percentage points (including

fractional points) by which the rate of the tax imposed with respect 684 Stat. 415. to wages by section 3101 at such time exceeds tho rato provided by 26 USC 3101. paragraph (2) of such section 3101 as amended by the Social Security 70 Stat. 845.

Amendments of 1956." 681 Stat, 431. (b) Section 3202 (a) of the Railroad Retirement To Act is 26 USC 3202. amended (1) by striking out “after December 31, 1954” wherever it

appears and inserting in liou thereof “after the month in which this provision was amended in 1989" ; (2) by striking out "$360" wherever it appears and inserting in lieu thereof “$400"; (3) by striking out "after 1954" and inserting in lieu thereof "after the month in which

this provision was amended in 1959”. 68A Stat. 432.

(c) Soction 3211 of the Railroad Retirement Tax Act is amended 26 USC 3211.

to read as follows:

"SEC. 8211. RATE OF TAX. Amployee ropre. “In addition to other taxes, there is hereby imposed on the income sentative. of each employee representative a tax equal to

“(1) 13% percent of so much of the compensation paid to such employee representative for services rendered by him after the month in which this provision was amended in 1959, and before January 1, 1962, and

“(2) 1412 percent of so much of the compensation paid to such employee representative for services rendered by him after Decem

ber 31, 1961, as is not in excess of $400 for any calendar month: Provided, That the rate of tax imposed by this section shall be increased, with respect to compensation paid for services rondored after December 31, 1964, by a number of percontage points (including fractional points) equal at any given time to twice the number of percentage points

(including fractional points) by which the rate of the tax imposed 26 USC 3101. with respect to waged by section 3101 at such time exceeds the rate

provided by paragraph (2) of such section 3101 as amended by the Social Security Amendments of 1956."

. (d)(1) Section 3221 of the Railroad Retirement Tax Act is amended by striking out “In addition to” and all that follows down through “$350” tho first time it appears, and inserting in lieu

thereof the following: Replayers. “(a) In addition to other taxes, there is hereby imposod on every Soise tar. employer an excise tax, with respect to having individuals in his

employ, equal to

:"(1) 6% percent of so much of the compensation paid by such employer for services rendered to him after the month in which this provision was amended in 1959, and before January 1, 1962,

26 USC 3221.

and

“(2) 744 percent of so much of the compensation paid by such employer for services rendered to him aftor December 31,

1961, as is, with respect to any employer for any calendar month, not in excess of $400"

(2) Such section 8231 is further amanded (A) by striking out “aftar December 81, 1984” and “after 1954" wherever they appear in that soction and inserting in lieu thereof "after tho month in which this provision was amanded in 1969"; (B) by striking out "380" wborover

[ocr errors]
[ocr errors]

.

_73 Stat. 30. else it appears in that section and inserting in lieu thereof "A007 and (C) by adding at the end thereof the following new subsection;

“(b) The rate of tax imposed by subsection (a) shall be increased, with respect to compensation paid for services rendered after December 31, 1964, by a number of percentage points (including fractional points) equal at any given time to the number of percentage points (including fractional points) by which the rate of the tax imposed with respect to wages by section 3111 at such time exceeds the rate 26 USC 3111. provided by paragraph (2) of such section 3111 as amended by the , s Social Security Amendments of 1956."

Sec. 202. The amendments made by section 201 shall, except as Erfootive date. otherwise provided in such amendments, be effective as of the first day of the calendar month next following the month in which this Act was enacted, and shall apply only with respect to compensation paid after the month of such enactment, for services rendered after such month of enactment. PART III_AMENDMENTS TO THE RAILROAD UNEMPLOYMENT

INSURANCE ACT Sec. 301. (a) Section 1(i) of the Railroad Unemployment Insur- Compensation ance Act is amended by striking out the proviso in the first sentence base, and inserting in lieu thereof “: Provided, however, That in comput. 52 Stat. 10953

68 Stat. 1041. ing the compensation paid to any employee, no part of any month's 28

S 45 USC 351. compensation in excess of $300 for any month before July 1, 1954, or in excess of $350 for any month after June 30, 1954, and before the calendar month next following the month in which this Act was amended in 1959, or in excess of $400 for any month after the month in which this Act was so amended, shall be recognized”.

(b) The first proviso of section 1(k) of the Railroad Unemployment Insurance Act is amended by striking out “$400” and inserting in lieu thereof “$500".

Sec. 302. (a) Section 2(a) of the Railroad Unemployment Insur. Daily benefit ance Act is amended by striking out the language between “(i)” and ratos.

USC 352. “(ii)” and inserting in lieu thereof the following: “for each day of 5 unemployment in excess of four during any registration period, and”.

(b) Section 2(a) of such Act is further amended by striking out columns I and II and inserting in lieu thereof the following: "Column I

Column II Total Compensation

Daily Benefit Rate $500 to $890.89

8.50 700 to 999.99.

5.00 1,000 to 1,299.99.. 1,300 to 1,590.90. 1,000 to 1,890.99.. 1,900 to 2,190.99.2,200 to 2,490.99 2,500 to 2.799.99.2,800 to 3,000.90.3,100 to 3,490.80.. 3,500 to 3.800.90

9. 60 4,000 and over.--

10.20". (c) The proviso in such section 2(a) is amended by striking out *50” and “$8.50" and inserting in lieu thereof “50” and “$10.20", respectively.

Sec. 303. (a) Section 2(c) of the Railrond Unemployment Insur- Temporary extenanco Act is amanded by striking out the period at the end thereof and sion of benefits. inserting in lieu of such period a colon and the following: “And pro vidad furthor, That, with respect to an employee who has ten or moro years of service as defined in section 1(f) of the Railroad Rotiramont Act of 1987, who did not voluntarily leave work without 45 USC 228a.

[ocr errors]
[ocr errors]
[ocr errors]
[ocr errors]
[ocr errors]

i

[ocr errors]
[ocr errors]
[ocr errors]
[ocr errors]
[ocr errors]
[ocr errors]
[ocr errors]
[ocr errors]

1

[ocr errors]
[ocr errors]
[ocr errors][ocr errors][ocr errors][ocr errors][ocr errors][ocr errors][ocr errors]

13

------------

73 Stat. 31. good cause or voluntarily retire, and who had current rights to normal benefits for days of unemployment in a benefit year but has exhausted such rights, the benefit year in which such rights are exhausted shall be deemed not to be ended until the last day of the extended benefit period determined under the following schedule, and the maximum number of days of, and amount of payment for, unemployment within such benefit year for which benefits may be paid to the employee shall bo enlarged to include all compensable days of unemployment within such extended benefit period :

The extended beneat period shall begia on the Arst day of unemployment following the day on which the employee exhausted his then current rights to normal beneats for days of unemployment and shall continue for successive fourteen-day periods (each of which

periods shall constitute a registration "It the employee's 'years of

period) until the number of such service total

tourteen-day periods totalo 10 and less than 15.---

7. (but not more than 65 days) 18 and over---------but no such extended benefit period shall extend beyond the beginning of the first registration period in a benefit year in which the employee is again qualified for benefits in accordance with section 3 of this Act on the basis of compensation earned after the first of such successive fourteen-day periods has begun. For an employee who has ten or more years of service, who did not voluntarily leave work without good cause or voluntarily retire, who has fourteen ot more consecutive days of unemployment, and who is not a 'qualified employee' for the general benefit year current when such unemployment commences but is or becomes a qualified employee' for the next succeeding general bonefit year, such succeeding benefit year shall, in his case, begin on the first day of the month in which such unemployment commences."

(b)) An employee who has less than ten years of service as defined in section 1(f) of the Railroad Retirement Act of 1937, and who has after June 30, 1957, and before April 1, 1959, exhausted (within the meaning prescribed by the Railroad Retirement Board by regulation) his rights to unemployment benefits, shall be paid unemployment benefits for days of unemployment, not exceeding sixty-five, which occur in registration periods beginning on or after June 19, 1958, and before July 1, 1959, and which would not be days with respect to which he would be held entitled otherwise to receive unemployment benefits under the Railroad Unemployment Insurance Act, except that an employee who has filed, and established, a first claim for benefits under the Temporary Unemployment Compensation Act of 1958 may not thereaftor establish a claim under this subsection, and an employee who has registered for, and established a claim for benefits under this subsection may not thereafter establish a claim under the Temporary Unemployment Compensation Act of 1958. Except to the extent inconsistent with this subsection, the provisions of the Railroad Unemployment Insurance Act shall be applicable in the administration of this subsection.

(c) The Secretary of Labor, upon request, shall furnish the Board information deemed necessary by the Board for the administration of the provisions of subsection (b) hereof, and the Board, upon request, shall furnish the Secretary of Labor information deemed necessary by the Secretary for the administration of the Temporary Unemployment Compensation Act of 1958.

Sec. 304. Section 3 of the Railroad Unemployment Insurance Act is amended by striking out "$400” and inserting in lieu thereof “$500".

Suc. 806. Section 4(a-2) of the Railroad Unemployment Insurance Act is amended by striking out subdivision (iv), and by striking out

45 USC 2284.

internetu * 364094.

72 Stat, 171. 42 USC 1400 note,

45 USC 353. Qualifying oon dition, Serday, and holidays.

-----------------

73 Stat. 32. the semicolon at the end of subdivision (iii) and inserting in lieu thereof a period.

Sec. 306. Section 8(a) of the Railroad Unemployment Insurance Baployer's oontriAct is amended (1) by inserting after “June 30, 1954” where it first butions.

45 USC 358. appears the following: ", and before the calendar month next following the month in which this Act was amended in 1959, and is not in excess of $400 for any calendar month paid by him to any employee for services rendered to him after the month in which this Act was so amended”; (2) by inserting after “June 30, 1954” where it appears for the second time the following:“, and before the calendar month next following the month in which this Act was amended in 1959, and to not more than $400 for any month after the month in which this Act was so amended”; (3) by inserting after "June 30, 1954". were it appears for the third time the following: ", and before the calendar month next following the month in which this Act was amended in 1959, or less than $400 if such month is after the month in which this Act was so amended”; (4) by striking out “December 31, 1947” in paragraph 2 and inserting in lieu thereof “the month in which this Act was amended in 1959”; and (5) by striking out the table (except the column headings) in such paragraph 2 and inserting in lieu thereof the following:

Percent $450,000,000 or, more---

148 $400,000,000 or more but less than $450,000.000.$350,000,000 or more but less than $400,000,000.--

248 $300,000,000 or more but less than $350,000,000.---Less than $300,000,000.---

39". Sec. 307. Section 8(b) of the Railroad Unemployment Insurance Laployee repreAct is amended (1) by striking out “3 per centum" and inserting in sentatives' 001lieu thereof “3% per centum"; and (2) by inserting before the period tribut at the end of the first sentence the following: “, and before the calendar month next following the month in which this Act was amended in 1959, and as is not in excess of $400 paid to him for services rendered as an employee representative in any calendar month after the month in which this Act was so amended".

Sec. 308. (a) Subsection (d) of section 10 of the Railroad Unemployment Insurance Act be amended to read as follows:

45 USC 360. “(d) Whenever the Board finds at any time that the balance in Transfer of the railroad unemployment insurance account will be insufficient to runds, pay the benefits and refunds which it estimates are due, or will become due, under this Act, it shall request the Secretary of the Treasury to transfer from the Railroad Retirement Account to the credit of the railroad unemployment insurance account such moneys as the Board estimates would be necessary for the payment of such benefits and refunds, and the Secretary shall make such transfer. Whenever the Board finds that the balance in the railroad unemployment insurance account, without regard to the amounts transferred pursuant to the next preceding sentence, is sufficient to pay such benefits and refunds, it shall request the Secretary of the Treasury to retransfer from the railroad unemployment insurance account to the credit of the Railroad Retirement Account such moneys as in its judgment are not needed for the payment of such benefits and refunds, plus interest at the rate of 3 per centum per annum, and the Secretary shall make such retransfer. In dotermining the balance in the railroad unemployment insurance account as of September 30 of any year pursuant to section 8(a) of this Act, any moneys transferred from the Railroad Retirement Account to the credit of the railroad unemployment insuranco account which have not been retransferred as of such data from the latter account to the credit of the former, plus the interest accrued thereon to that date, shall be disregarded.”

« PreviousContinue »