Retirement System for Interstate Carriers' Employees: Hearing[s] Before the Committee on Interstate and Foreign Commerce, House of Representatives, Seventy-fifth Congress, First Session, on H.R. 6956, a Bill to Amend an Act Entitled "An Act to Establish a Retirement System for Employees of Carriers Subject to the Interstate Commerce Act", and for Other Purposes, Approved August 29, 1935. May 13, 14, 18, 19, 20, and 21, 1937

Front Cover

From inside the book

What people are saying - Write a review

We haven't found any reviews in the usual places.

Other editions - View all

Common terms and phrases

Popular passages

Page 15 - employer" shall not include any street, interurban, or suburban electric railway, unless such railway is operating as a part of a general steam-railroad system of transportation, but shall not exclude any part of the...
Page 6 - Such investments may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States.
Page 5 - Act of 1923, as amended, and may, without regard to the provisions of the civil-service laws and the Classification Act...
Page 6 - For such purpose such obligations may be acquired (1) on original issue at par, or (2) by purchase of outstanding obligations at the market price. The purposes for which obligations of the United States may be issued under the Second Liberty Bond Act, as amended, are hereby extended to authorize the issuance at par of special obligations exclusively to the Trust Fund.
Page 4 - ... prior to the expiration of the term for which his predecessor was appointed shall be appointed for the remainder of such term; and (2) the terms of office of the members first taking office after the date of enactment of this Act...
Page 144 - In the appointment of officials and the selection of employees for said Corporation, and in the promotion of any such employees or officials, no political test or qualification shall be permitted or given consideration, but. all such appointments and promotions shall be given and made on the basis of merit and efficiency.
Page 7 - Board and shall have authority to recommend to the Board such changes in actuarial methods as they may deem necessary. The compensation of the members of the committee of actuaries, exclusive of the member designated by the Secretary, shall be fixed by the Board on a per-diem basis.
Page 144 - States to be guilty of a violation of this section shall be removed from office by the President of the United States...

Bibliographic information