Railroad Retirement Act Amendments of 1972: Hearings, Ninety-second Congress, Second Session, on H.R. 15927 (and All Identical and Similar Bills) ...U.S. Government Printing Office, 1972 - 62 lappuses |
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20 per centum 20 percent 20-percent increase 2d session 92d Congress accruing for months actuarial deficiency actuarial soundness amend the Railroad annuities accruing annuity computed August 31 average monthly wage BEHLING benefit increase benefit levels cent increase Chairman Chief Actuary clause Commission on Railroad Congress of Railway CONGRESS THE LIBRARY CowEN due in calendar enacted end thereof increase in annuities increase in benefits increase in railroad increase in social increased by 20 July July 26 June 30 legislation LIBRARY OF CONGRES LIBRARY OF CONGRESS ment million Moss paid paragraph pensions due percentage increase PODELL Public Law QUARLES questions Railroad Retirement Act railroad retirement benefits Railroad Retirement Board railroad retirement system railroad workers Railway Labor Executives regular annuity respect to annuities road Retirement SCHOENE Social Security Act social security amendments social security benefits special annuity spouse's annuity SPRINGER STAGGERS statement subsection temporary increase United Transportation Union widows
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42. lappuse - International Union International Association of Machinists and Aerospace Workers International Brotherhood of Boilermakers, Iron Ship Builders, Blacksmiths, Forgers and Helpers International Brotherhood of Electrical Workers International Brotherhood of Firemen and Oilers International Organization Masters, Mates and Pilots of America National Marine Engineers...
59. lappuse - ... the two systems had been tied together in 1965 and Congress gave the 13% Social Security increase to those covered under the 110% guarantee and developed a table increase in benefits for the rest. This produced approximately a 10% benefit rise. This was the only time Congress did not strictly adhere to the flat percentage increase and was done to correct the changes made in the tax bases. While this is but one example of the close inter-relationship between Railroad Retirement and Social Security,...
6. lappuse - A BILL To amend the Railroad Retirement Act of 1937 to provide a temporary 20 per centum increase in annuities, and for other purposes.
38. lappuse - ... become permanent. Pending the study and report of its special Commission, the Congress made temporary that increase and also the further 10 percent increase of 1971. Now it is proposed in S. 3852 (HR 15927) to provide still another large percentage increase in railroad retirement benefits. A 20 percent increase at this time would mean that the level of railroad retirement benefits would have been increased by more than 50 percent compounded - 2 since 1969 (15 percent on January 1, 1970, 10 percent...
42. lappuse - ... Washington since 1944. My specialty has been representing railway labor organizations and this representation has involved rather substantial experience in the various aspects of the Railroad Retirement Act. From 1937 to 1942 I was general counsel to the Railroad Retirement Board. I appear this afternoon on behalf of both the Congress of Railway Unions and the Railway Labor Executives' Association. Both of these organizations are federations of unions representing employees in the railroad industry....
26. lappuse - Section 5(1)(1) of the Railroad Retirement Act would make it clear that the requirement is to be waived in such cases in determining eligibility for railroad retirement benefits as well as social security benefits. The amendment would serve a further purpose if HR 1 were enacted. Section...
61. lappuse - There is no substitute for income if people are to be free to exercise choices in their life style." Unfortunately, Mr. Chairman, not only does our society coerce the aging into ever earlier retirement with policies and practices of age discrimination and mandatory retirement, but it rewards them with poverty when they get there. Nothing can justify such cruel and unusual punishment for...
18. lappuse - ... railroad employees who are over the age of seventeen and below the age of twenty-two and are attending an educational institution as full-time students. 1 Be it enacted by the Senate and House of Representa2 lives of the United States of America in Congress assembled, 3 That (a) (1) section 5(1) (1) (ii) of the Railroad Retire4 ment Act of 1937 is amended by striking out "and shall 5 be less than eighteen years of age, or shall have a permanent 6 physical or mental condition which is such that...
9. lappuse - June 30, 1974, shall be computed as if the first six sections ' ! of this Act, and the amendments made by such sections, had not been enacted.
25. lappuse - ... Presently, when computing the average monthly wage for the special annuity formula, the Board is required under the Social Security Act provisions to include only wages and compensation up to the year the employee retires in the initial computation. Any wages he may have earned in the year he retires and his compensation in that year cannot be used until later in a second computation. Any resulting increase Is effective in January of the following year. This is so because, generally, the records...