Amending the Railroad Retirement Act of 1937: Hearing, 89-1, June 29, 19651965 - 34 pages |
From inside the book
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Page 5
... costs of benefits which the bill would provide . Even if it were considered feasible to provide for additional revenue ... cost to the railroad retirement account from this absorption is 0.01 percent of taxable payroll , or $ 500,000 a ...
... costs of benefits which the bill would provide . Even if it were considered feasible to provide for additional revenue ... cost to the railroad retirement account from this absorption is 0.01 percent of taxable payroll , or $ 500,000 a ...
Page 7
... costs to the railroad retirement system . " The relief granted by this bill will benefit 40,000 wives and husbands ( of retired railroad workers ) who have earned social security benefits on their own work record . It will also benefit ...
... costs to the railroad retirement system . " The relief granted by this bill will benefit 40,000 wives and husbands ( of retired railroad workers ) who have earned social security benefits on their own work record . It will also benefit ...
Page 9
... costs of the amendment proposed by the bill would come to approximately $ 14 million a year , on a level basis , or 0.32 percent of taxable payroll . Enactment of the bill would three- fore increase the present actuarial deficiency to ...
... costs of the amendment proposed by the bill would come to approximately $ 14 million a year , on a level basis , or 0.32 percent of taxable payroll . Enactment of the bill would three- fore increase the present actuarial deficiency to ...
Page 10
... costs , have been the choice of Congress . If it is now the choice of Congress to take another step in that ... cost of the benefits . My response at that time was that there was no such measure before us , and I therefore could ...
... costs , have been the choice of Congress . If it is now the choice of Congress to take another step in that ... cost of the benefits . My response at that time was that there was no such measure before us , and I therefore could ...
Page 12
... costs would be even somewhat greater . The enactment of both H.R. 3157 and H.R. 6675 would bring about a deficiency of almost $ 58 million a year , or roughly 1 % percent of taxable payroll . Further , if the social security wage base ...
... costs would be even somewhat greater . The enactment of both H.R. 3157 and H.R. 6675 would bring about a deficiency of almost $ 58 million a year , or roughly 1 % percent of taxable payroll . Further , if the social security wage base ...
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 current maximum annual defined in section dual benefits enactment of H.R. entitled equal to one-twelfth financing FINNEY FINNIGAN HABERMEYER income increased taxes Internal Revenue Code level basis maximum annual taxable ment monthly 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 record reduce the deficit restrictions section 2(e Senator FANNIN Senator PELL Social Security Act social security benefit social security pension 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