Railroad Retirement and Railroad Unemployment Insurance Legislation |
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Page 32
... percent of the in- dividual's " taxable wages of his 5 years of highest ... payroll ( with the $ 400 limit on monthly compensation ) , or $ 170 million ... percent of taxable payroll . Since the actual tax rate is only 12.50 percent , the ...
... percent of the in- dividual's " taxable wages of his 5 years of highest ... payroll ( with the $ 400 limit on monthly compensation ) , or $ 170 million ... percent of taxable payroll . Since the actual tax rate is only 12.50 percent , the ...
Page 33
... percent of payroll , or about $ 97 million a year . 2. The bill makes no provision for financing the additional cost which its enactment would entail . 3. The railroad retirement system cannot absorb the added cost because a recent ...
... percent of payroll , or about $ 97 million a year . 2. The bill makes no provision for financing the additional cost which its enactment would entail . 3. The railroad retirement system cannot absorb the added cost because a recent ...
Page 34
... percent of taxable payroll with a limit of $ 350 a month per employee . A recent actuarial estimate shows that the level cost of benefits under the act is 15.70 percent of taxable payroll , indicating a present deficiency of 3.20 ...
... percent of taxable payroll with a limit of $ 350 a month per employee . A recent actuarial estimate shows that the level cost of benefits under the act is 15.70 percent of taxable payroll , indicating a present deficiency of 3.20 ...
Page 35
... percent of payroll . In view of this and since the Board has always opposed any proposal for amendment which would increase costs without providing a method for financing them , the Board recommends that the bills not be enacted . The ...
... percent of payroll . In view of this and since the Board has always opposed any proposal for amendment which would increase costs without providing a method for financing them , the Board recommends that the bills not be enacted . The ...
Page 36
... percent of taxable payroll . Since the actual tax rate is only 12.50 percent , the present benefit structure already involves an actuarial deficiency of about 3.20 percent of payroll which is equivalent to $ 170 million a year on a ...
... percent of taxable payroll . Since the actual tax rate is only 12.50 percent , the present benefit structure already involves an actuarial deficiency of about 3.20 percent of payroll which is equivalent to $ 170 million a year on a ...
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Common terms and phrases
Act is amended actuarial additional amend the Railroad amended by striking amount average AVERY base basis beneficiaries bill H. R. capital CHAIRMAN class I railroads Congress contributions debt December 31 deficiency DINGELL disability earnings effect enacted equipment estimated financial interchange financing HABERMEYER HALE HARPER HEALY increase inserting in lieu June 30 legislation lieu thereof MACK maximum ment million month after June monthly compensation Moss NIESSEN OASI OREN HARRIS paid payable payment payroll taxes Pennsylvania Railroad percent of payroll present law proposed question rail railroad employees railroad industry Railroad Retirement Act Railroad Retirement Board railroad retirement system Railroad Retirement Tax Railroad Unemployment Insurance railroad workers Railway Labor Railway Labor Executives receive respect retirement benefits revenues SCHOENE Social Security Act spouse statement survivor benefits tax rate Thank tion unem unemployed unemployment benefits Unemployment Insurance Act wage widows Zandt
Popular passages
Page 5 - Be it enacted by the Senate and Bouse of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Housing Amendments of 1957".
Page 11 - No annuity shall be paid with respect to any month In which an individual In receipt of an annuity hereunder shall render compensated service to an employer or to the last person by whom he was employed prior to the date on which the annuity began to accrue.
Page 41 - The reductions referred to are made only in cases where individuals are entitled to benefits under both the Railroad Retirement Act and the Social Security Act.
Page 482 - An employee shall not be eligible for benefits for any week in which his total or partial unemployment is directly due to a labor dispute still in active progress in the establishment in which he is or was last employed.
Page 20 - years of service" total— 10 and less than 15 7 (but not more than 65 days). 15 and over 13. but no such extended benefit period shall extend beyond the beginning of the first registration period in a benefit year in which the employee is again qualified for benefits in accordance with section 3 of this Act on the basis of compensation earned after the first of such successive 14-day periods has begun.
Page 22 - SEC. 4. The amendments made by this Act shall apply only with respect to taxable years...
Page 495 - This statement does not duplicate any part of the ground covered by the Subcommittee on W*elfare and Pension Funds of the Senate Committee on Labor and Public Welfare...
Page 5 - Sec. 5692. Penalties relating to posting of special tax stamps." SEC. 207. (a) Section 201 of this title shall take effect on the first day of the first month following the month in which it is enacted.
Page 7 - Secretary of Labor and the Secretary of the Treasury shall, not later than the last day of the first calendar month beginning after the date of the enactment of this Act, establish a Joint Board for the Enrollment of Actuaries (hereinafter in this part referred to as the "Joint Board").
Page 8 - Cong., 1st seas.] A BILL To amend the Railroad Retirement Act of 1937, as amended, and for other purposes Be it enacted by the Senate and House of Representatives of the United State* of America in Congress assembled.