Railroad Retirement. Hearing Before the Committee on Interstate and Foreign Commerce, House of Representatives, Eightieth Congress, Second Session, on H. R. 6766, a Bill to Amend the Railroad Retirement Act of 1937: As Amended, and the Railroad Unemployment Insurance Act, as Amended, and for Other Purposes. June 2, 1948Considers legislation to revise railroad retirement program benefits. |
From inside the book
Results 11-15 of 19
Page 38
... averages only $ 61 a month for all the railroad workers at present on retirement pensions . It is only fair then that the law be changed to provide pensions of at least half pay to all railroad workers whose monthly salaries or wages is ...
... averages only $ 61 a month for all the railroad workers at present on retirement pensions . It is only fair then that the law be changed to provide pensions of at least half pay to all railroad workers whose monthly salaries or wages is ...
Page 45
... average monthly annuity for these retired employees is approxi- mately $ 70 . Due to the increased cost of living , $ 70 now buys what $ 40 bought when the annuities were granted . Seventy dollars per month is certainly inadequate to ...
... average monthly annuity for these retired employees is approxi- mately $ 70 . Due to the increased cost of living , $ 70 now buys what $ 40 bought when the annuities were granted . Seventy dollars per month is certainly inadequate to ...
Page 47
... service who retire at age 60 receive an annuity reduced by one - fifteenth for each year under age 65 , equivalent to one - third of the annuity . Retirement yield of an average annual salary of $ 3,000 RAILROAD RETIREMENT 47.
... service who retire at age 60 receive an annuity reduced by one - fifteenth for each year under age 65 , equivalent to one - third of the annuity . Retirement yield of an average annual salary of $ 3,000 RAILROAD RETIREMENT 47.
Page 48
... average annual salary of $ 3,000 under the present Railroad Retirement Act , under H. R. 5993 , and under the Civil Service Retirement Act AT AGE 65 WITH 30 YEARS SERVICE Railroad Retirement Act 1. $ 105 a month- $ 1,260 per year H. R. ...
... average annual salary of $ 3,000 under the present Railroad Retirement Act , under H. R. 5993 , and under the Civil Service Retirement Act AT AGE 65 WITH 30 YEARS SERVICE Railroad Retirement Act 1. $ 105 a month- $ 1,260 per year H. R. ...
Page 49
... average quoted is from the latest ( May 1948 ) issue of the Railroad Retirement Board's Monthly Review . The average railroad man feels sharply disappointed in the small retirement benefits he derives for the price he is paying , as ...
... average quoted is from the latest ( May 1948 ) issue of the Railroad Retirement Board's Monthly Review . The average railroad man feels sharply disappointed in the small retirement benefits he derives for the price he is paying , as ...
Common terms and phrases
$300 per month actuarial amend the Railroad amount average bill H. R. Chairman and gentlemen Clason class I railroads Committee on Interstate contributions cost of living Crosser Act Crosser amendments Crosser bill discrimination favor Federal Foreign Commerce HAAS HARRIS hearings interest Interstate and Foreign introduced January KENDRICK Labor Executives Association Lee O'Daniel legislation ment monthly compensation National Railroad Pension O'HARA old-age and survivors paid pay roll pension fund percent of pay period present law proposed rail employees Rail workers railroad employees railroad industry Railroad Pension Forum Railroad Retirement Act Railroad Retirement Board railroad retirement system Railroad Unemployment Insurance railroad workers Railway Labor Executives receive regional vice president REPRESENTATIVE IN CONGRESS retirement age retirement annuities retirement benefits retirement fund ROBERT CROSSER SCHOENE session Social Security Act Social Security Administration STACK statement subsection survivors insurance tax rate tion Unemployment Insurance Act Wolverton
Popular passages
Page 2 - II of the Social Security Act, as amended. Such election shall be legally effective according to its terms. Nothing in this section shall operate to deprive a widow, widower, or parent making such election of any insurance benefits under title II of the Social Security Act, as amended, to which such widow, widower, or parent would have been entitled had this section not been enacted. The term "benefits...
Page 6 - Association have agreed upon amendments of the Railroad Retirement Act and the Railroad Unemployment Insurance Act, and have agreed jointly to sponsor a bill proposing such amendments.
Page 7 - Both sides believe that the amendments to the Railroad Retirement Act and the Railroad Unemployment Insurance Act, which are proposed in HR 6766, when those amendments are taken together, represent an improvement in the present law.
Page 3 - As soon as practicable following the enactment of this Act, the Board shall determine and proclaim the balance to the credit of the account as of the close of business on September 30, 1947, and on or before December 31...
Page 2 - Act, as amended, such lump sum shall not be paid unless such widow, widower, or parent makes and files with the Board an irrevocable election, in such form as the Board may prescribe, to have such lump sum paid In lieu of all benefits to which such widow, widower, or parent might otherwise become entitled under this section or, pursuant to subsection (k) of this section, under title n of the Social Security Act, as amended.
Page 45 - ... subcommittee reconvened at 2 pm, upon the expiration of the recess.) Senator HATCH (chairman of the subcommittee). The subcommittee will please come to order. I have a statement prepared by Representative Kilburn of New York in behalf of the St. Lawrence seaway project, which will be inserted and made a part of the record. (The statement referred to is as follows:) STATEMENT OF HON. CLARENCE E. KILBURN, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF NEW YORK Representative KIIJUTKN.
Page 2 - ... be entitled to further benefits under title II of the Social Security Act, as amended, such lump sum shall not be paid unless such widow, widower, or parent makes and files with the Board an irrevocable election, in such form as the...
Page 19 - ... coverage under the old age and survivors insurance provisions of the Social Security Act.
Page 2 - Act are hereby amended to read as follows: (a) Every employer shall pay a contribution, with respect to having employees in his service, equal to the percentage hereinafter set forth of so much of the compensation as is not in excess of $300 for any calendar month payable by him to any employee with respect to...
Page 2 - benefits" as used in this paragraph includes all annuities payable under this Act, lump sums payable under paragraph (1) of this subsection, and insurance benefits and...