Amending the Railroad Retirement Act of 1937: Hearing, 89-1, June 29, 19651965 - 34 pages |
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... Railroad Pension Forum , Inc. , and Robert B. Byrnes , Washington representative , National Railroad Pension Forum , Inc .. Habermeyer , Howard W. , chairman , United States of America Railroad Retirement Board , Chicago , Ill .. 6 8 12 ...
... Railroad Pension Forum , Inc. , and Robert B. Byrnes , Washington representative , National Railroad Pension Forum , Inc .. Habermeyer , Howard W. , chairman , United States of America Railroad Retirement Board , Chicago , Ill .. 6 8 12 ...
Page 1
... Railroad Retirement Board and the Association of American Railroads because the railroad retirement system had at that time an actuarial deficit of close to $ 19.5 million a year , and the enactment of that bill would have increased ...
... Railroad Retirement Board and the Association of American Railroads because the railroad retirement system had at that time an actuarial deficit of close to $ 19.5 million a year , and the enactment of that bill would have increased ...
Page 2
... railroad retirement system . This , in my judgment , would be legislating the railroad retirement system to an amount equal to one - twelfth of the maximum annual wages taxable for the social security system . According to the Railroad ...
... railroad retirement system . This , in my judgment , would be legislating the railroad retirement system to an amount equal to one - twelfth of the maximum annual wages taxable for the social security system . According to the Railroad ...
Page 4
... benefits , and 0.01 percent of taxable payroll or $ 400,000 a year to the removal of the reduction because of railroad retirement benefits . There is now an actuarial deficit in the financing of the railroad retirement system of ...
... benefits , and 0.01 percent of taxable payroll or $ 400,000 a year to the removal of the reduction because of railroad retirement benefits . There is now an actuarial deficit in the financing of the railroad retirement system of ...
Page 5
... benefit under the Social Security Act who are also entitled to an employee annuity under the Railroad Retirement Act , and by reason of the financial interchange between the 2 systems , the loss to the social security system for this ...
... benefit under the Social Security Act who are also entitled to an employee annuity under the Railroad Retirement Act , and by reason of the financial interchange between the 2 systems , the loss to the social security system for this ...
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