Amending the Railroad Retirement Act of 1937: Hearing, 89-1, June 29, 19651965 - 34 pages |
From inside the book
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Page 6
... matter is brief , and the justification is brief . In fact , the justification can be stated in one word - fairness . At one time , the Railroad Retirement Act carried a dual benefits restriction against all classes of beneficiaries ...
... matter is brief , and the justification is brief . In fact , the justification can be stated in one word - fairness . At one time , the Railroad Retirement Act carried a dual benefits restriction against all classes of beneficiaries ...
Page 9
... matter of record that the provision for spouses ' annuities was enacted for the first time by the 1951 amendments to the Rail- road Retirement Act . This provision was in substitution for an in- crease in employee annuities in cases ...
... matter of record that the provision for spouses ' annuities was enacted for the first time by the 1951 amendments to the Rail- road Retirement Act . This provision was in substitution for an in- crease in employee annuities in cases ...
Page 12
... matter it must be , the enactment of H.R. 3157 would increase the deficit to about $ 33 million a year , or to three - fourths of 1 percent of taxable payroll . The bill would so increase the deficit because there is no provision for ...
... matter it must be , the enactment of H.R. 3157 would increase the deficit to about $ 33 million a year , or to three - fourths of 1 percent of taxable payroll . The bill would so increase the deficit because there is no provision for ...
Page 14
... matter that the wage base for tax purposes should always be at least as high for the railroad retirement system as the wage base for the social security system . As you know , the two systems are very closely coordinated . We actually ...
... matter that the wage base for tax purposes should always be at least as high for the railroad retirement system as the wage base for the social security system . As you know , the two systems are very closely coordinated . We actually ...
Page 16
... matter which has come about that I would like to raise . Of course , 1 realize the rail- roads have been a very ... matters . But I do not think that is exactly what we are discussing . I do feel that as the industry becomes more ...
... matter which has come about that I would like to raise . Of course , 1 realize the rail- roads have been a very ... matters . But I do not think that is exactly what we are discussing . I do feel that as the industry becomes more ...
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