Amending the Railroad Retirement Act of 1937: Hearing, 89-1, June 29, 19651965 - 34 pages |
From inside the book
Results 1-5 of 7
Page 19
... existing deficit in the Railroad Retirement Act . It was running at that time about $ 70 million a year . We did look into it— management and labor - and came up with a number of proposals to reduce the deficit . One of them was to ...
... existing deficit in the Railroad Retirement Act . It was running at that time about $ 70 million a year . We did look into it— management and labor - and came up with a number of proposals to reduce the deficit . One of them was to ...
Page 23
... existing situation . My name is George W. Finnigan . I reside at 2832 East 78th Street , Chicago , and am president of the National Railroad Pension Forum , Inc. , Chicago , Ill . I appear today to lend unqualified support to H.R. 3157 ...
... existing situation . My name is George W. Finnigan . I reside at 2832 East 78th Street , Chicago , and am president of the National Railroad Pension Forum , Inc. , Chicago , Ill . I appear today to lend unqualified support to H.R. 3157 ...
Page 28
... existing actuarial deficit and will increase it from its existing level of 0.41 percent of taxable payroll to 0.71 percent . This is enough to cause any of us to hesitate . I think it is fair to say that this is the reason why the ...
... existing actuarial deficit and will increase it from its existing level of 0.41 percent of taxable payroll to 0.71 percent . This is enough to cause any of us to hesitate . I think it is fair to say that this is the reason why the ...
Page 29
... existing law , social security benefits received by the spouse in her own right are deducted from her railroad retirement spouse's benefits . In short , this bill seeks merely to eliminate an inequity in the Railroad Retirement Act and ...
... existing law , social security benefits received by the spouse in her own right are deducted from her railroad retirement spouse's benefits . In short , this bill seeks merely to eliminate an inequity in the Railroad Retirement Act and ...
Page 30
... existing law , social security benefits received by the spouse in her own right are deducted from her railroad retire- ment spouse's benefits . The bill before us provides us with the opportunity to correct one of the anomalies in the ...
... existing law , social security benefits received by the spouse in her own right are deducted from her railroad retire- ment spouse's benefits . The bill before us provides us with the opportunity to correct one of the anomalies in the ...
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