Amending the Railroad Retirement Act of 1937: Hearing, 89-1, June 29, 19651965 - 34 pages |
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Page 5
... greater . ( 2 ) The present provision in section 2 ( e ) of the Railroad Retirement Act for reducing a spouse's annuity by the amount of the spouse's own benefit under the Social Security Act is the same , in principle , as the ...
... greater . ( 2 ) The present provision in section 2 ( e ) of the Railroad Retirement Act for reducing a spouse's annuity by the amount of the spouse's own benefit under the Social Security Act is the same , in principle , as the ...
Page 7
... greater ' . " ( b ) The second sentence of subsection ( c ) of such section 3 is amended by inserting before ' , shall be recognized ' the following : ' and before the calendar month next following the calendar month in which this Act ...
... greater ' . " ( b ) The second sentence of subsection ( c ) of such section 3 is amended by inserting before ' , shall be recognized ' the following : ' and before the calendar month next following the calendar month in which this Act ...
Page 8
... greater , for any calendar month after the month in which this Act was so amended ' ; " ( 3 ) by striking out ' after 1958 is less than $ 4,800 ' and inserting in lieu thereof ' after 1958 and before 1966 is less than $ 4,800 , or for ...
... greater , for any calendar month after the month in which this Act was so amended ' ; " ( 3 ) by striking out ' after 1958 is less than $ 4,800 ' and inserting in lieu thereof ' after 1958 and before 1966 is less than $ 4,800 , or for ...
Page 12
... 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 is in- creased to $ 6,600 a ...
... 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 is in- creased to $ 6,600 a ...
Page 31
... greater than the spouse's annuity . In cases where her own social security benefit is less than the spouse's annuity , she receives a railroad annuity equal to only the difference between the two amounts . This provision of the Railroad ...
... greater than the spouse's annuity . In cases where her own social security benefit is less than the spouse's annuity , she receives a railroad annuity equal to only the difference between the two amounts . This provision of the Railroad ...
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