Restructuring of the Railroad Retirement System, 1974: Hearings Before the Subcommittee on Railroad Retirement of the Committee on Labor and Public Welfare, United States Senate, Ninety-third Congress, Second Session, on S. 3612 ... and Related Bills, September 5 and 10, 1974, Part 1U.S. Government Printing Office, 1974 - 1334 pages |
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Common terms and phrases
actuarial amendments annuity under section attained age August 29 basis benefit based benefit formula bill calendar carriers centum change No change Class I railroads clause Commission on Railroad common carrier compensation computed CONGRESS THE LIBRARY cost CowEN credited current connection December 31 deficit DEMPSEY disability earnings effect eligible employee annuity employee's employment enacted entitled Federal financial interchange income increase individual insurance benefit legislation maximum ment million month monthly non-railroad paid paragraph payable payment pension percent prior to January problem rail railroad employees railroad industry Railroad Retirement Account Railroad Retirement Act Railroad Retirement Board railroad retirement program railroad retirement system railroad service receive recommendations reduced revenues road retirement SCHWEIKER Senator HATHAWAY Social Security Act Social Security Administration social security benefits social security system spouse spouse's annuity subdivision subsection supplemental annuity survivor taxable payroll taxes tier 1 benefits tion Treasury wages windfall benefit windfall dual benefits windfall element
Popular passages
Page 150 - In addition to other taxes, there is hereby imposed on every employer an excise tax, with respect to having individuals in his employ, equal to the following percentages of the wages (as defined in section 3121 (a) ) paid by him with respect to employment...
Page 14 - Compensation earned in any calendar month before 1947 shall be deemed paid in such month regardless of whether or when payment will have been in fact made, and compensation earned in any calendar year after 1946 but paid after the end of such calendar year shall be deemed to be compensation paid in the calendar year in which it will have been earned if it is so reported by the employer before February 1 of the next succeeding calendar year or, if the employee establishes, subject to the provisions...
Page 30 - An annuity shall be paid only If the applicant shall have relinquished such rights as he may have to return to the service of an employer and of the person by whom he was last employed...
Page 15 - ... by an employer with respect to a personal InJury and Includes pay for time lost, the total payment shall be deemed to be paid for time lost unless, at the time of payment, a part of such payment Is specifically apportioned to factors other than time lost. In which event only such part of the payment as Is not so apportioned shall be deemed to be paid for time lost.
Page 25 - ... and (ii) in the case of a husband, was receiving at least one-half of his support from his wife at the time his wife's retirement annuity or pension began. (Section 2(f) of the Act.) [Board Order 62-33, 27 FR 3322. Apr. 1. 1962] § 232.102 Definition of "spouse".
Page 172 - Such investment may be made only in interestbearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States.
Page 14 - An employee shall be deemed to be paid, "for time lost" the amount he is paid by an employer with respect to an identifiable period of absence from the active service of the employer, including absence on account of personal...
Page 96 - ... therefrom. In the employment of such individuals under the civil service laws and rules the Board shall give preference over all others to individuals who have had experience in railroad service, if, in the judgment of the Board, they possess the qualifications necessary for the proper discharge of the duties of the positions to which they are to be appointed.
Page 63 - ... 110 per centum of an amount equal to the maximum amount which could be paid to anyone, with respect to such month, as a wife's insurance benefit under section 202 (b) of the Social Security Act as amended from time to time...
Page 188 - Generally, 10 years of railroad service and a current connection with the railroad industry are required.