Restructuring of the Railroad Retirement System, 1974: Hearings Before the Subcommittee on Railroad Retirement Of..., 93-2... |
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Page 476
... creditable under the Social Security Act , without any contributions being made by the serviceman . A similar provision was made for the Railroad Retire- ment Act . Appropriations were authorized to meet the costs of these wage credits ...
... creditable under the Social Security Act , without any contributions being made by the serviceman . A similar provision was made for the Railroad Retire- ment Act . Appropriations were authorized to meet the costs of these wage credits ...
Page 491
... under the formula as it ex- ists today computed under the current limit on creditable compensa- tion . Indeed , most career railroad employees retiring in the next several years should receive somewhat more benefits if the bill is 19 491.
... under the formula as it ex- ists today computed under the current limit on creditable compensa- tion . Indeed , most career railroad employees retiring in the next several years should receive somewhat more benefits if the bill is 19 491.
Page 492
... creditable compensation . There would then be three similar adjustments as of January 1 of each of the following three years , and each such adjustment would benefit all employees ( and their spouses ) who retire after the effective ...
... creditable compensation . There would then be three similar adjustments as of January 1 of each of the following three years , and each such adjustment would benefit all employees ( and their spouses ) who retire after the effective ...
Page 496
... creditable at that time . The second minimum provision is similar to the so - called social security minimum guaranty provision contained in the present Act . Generally speaking , it assures that the total monthly benefits to a retired ...
... creditable at that time . The second minimum provision is similar to the so - called social security minimum guaranty provision contained in the present Act . Generally speaking , it assures that the total monthly benefits to a retired ...
Page 501
... creditable for railroad retirement purposes are transferred without substantive change , from section 4 of the 1937 Act to section 1 ( g ) of the 1974 Act . Four substantive changes are made by the definitions section of the new Act ...
... creditable for railroad retirement purposes are transferred without substantive change , from section 4 of the 1937 Act to section 1 ( g ) of the 1974 Act . Four substantive changes are made by the definitions section of the new Act ...
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Common terms and phrases
actuarial amended amount determined amount equal annuity provided annuity under section annuity under subsection application attained age 65 August 29 basis began to accrue beneficiaries benefits payable bill calendar month centum certified clause compensation paid Consumer Price Index cost creditable current connection deceased employee December 31 deemed defined in section dual benefit employee after December employee's annuity enacted excess financial interchange fiscal included increased individual's annuity Internal Revenue Code June 30 lump sum military service monthly insurance benefit payment pension percent period person ployee prior to January provisions of section purposes railroad industry Railroad Retirement Account Railroad Retirement Act Railroad Retirement Board railroad retirement system railroad service received reduced respect section 202 self-employment income service prior Social Security Act social security benefit social security earnings social security level spouse spouse's annuity subdivision supplemental annuity survivor taxable wages taxes term employment thereof tion widow or widower windfall
Popular passages
Page 562 - ... in connection with the transportation of passengers or property by railroad, or the receipt, delivery, elevation, transfer in transit, refrigeration or icing, storage, or handling of property transported by railroad, and any receiver? trustee, or other individual or body, judicial or otherwise, when in the possession of the property or operating all or any part of the business of any such employer: Provided, however, That the term "employer...
Page 1152 - employer" shall not include any street, interurban, or suburban electric railway, unless such railway is operating as a part of a general steam-railroad system of transportation, but shall not exclude any part of the general steam-railroad system of transportation now or hereafter operated by any other motive power. The Interstate Commerce Commission is hereby authorized and directed upon request of the Board or upon complaint of any party interested to determine after hearing whether any line operated...
Page 661 - It shall be the duty of the Secretary of the Treasury to invest such portion of the fund as is not, in his judgment, required to meet current withdrawals. Such investments may be made only in interest-bearing obligations of the United States, or in obligations guaranteed as to both principal and interest by the United States.
Page 610 - Treasury to invest such portion of the fund as is not, in his judgment, required to meet current withdrawals. Such investments may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States. For such purpose such obligations may be acquired (1) on original issue at issue price, or (2) by purchase of outstanding obligations at the market price.
Page 614 - employer" means any carrier (as defined in subsection (b) of this section) , and any company which is directly or indirectly owned or controlled by one or more such carriers or under common control therewith, and which operates any equipment or facility or performs any service (except trucking service, casual service, and the casual operation of equipment or facilities) in connection with the transportation of passengers or property by railroad, or the receipt, delivery, elevation, transfer in transit,...
Page 1154 - employee" shall not include any individual while such individual is engaged in the physical operations consisting of the mining of coal, the preparation of coal, the handling (other than movement by rail with standard railroad locomotives) of coal not beyond the mine tipple, or the loading of coal at the tipple. Sixth. The term "representative...
Page 562 - ... employee" shall include an employee of a local lodge or division defined as an employer in subsection (a) only if he was in the service of or in the employment relation to a carrier on or after August 29, 1935.
Page 883 - In the service of an employer as defined in section 1 (a) and who Is duly authorized and designated to represent employees in accordance with the Railway Labor Act, as amended, and any individual who Is regularly assigned to or regularly employed by such officer or official representative in connection with the duties of his office.
Page 608 - Notwithstanding any other law of the United States, or of any State, Territory, or the District of Columbia, no annuity or pension payment shall be assignable or be subject to any tax or to garnishment, or attachment, or other legal process under any circumstances whatsoever, nor shall the payment thereof be anticipated.
Page 615 - employee' shall include an employee of a local lodge or division defined as an employer in subsection (a) only if he was in the service of or in the employment relation to a carrier on or after the enactment date. The term 'employee representative...