92D CONGRESS 2D SESSION S. 3852 IN THE SENATE OF THE UNITED STATES JULY 27, 1972 Mr. CRANSTON (for himself, Mr. MONDALE, Mr. RANDOLPH, Mr. SCHWEIKER, and Mr. WILLIAMS) introduced the following bill; which was read twice and referred to the Committee on Labor and Public Welfare A BILL To amend the Railroad Retirement Act of 1937 to provide a temporary 20 per centum increase in annuities, and for other purposes. 1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 3 That (a) Section 3 (a) of the Railroad Retirement Act of 4 1937 is amended by inserting at the end thereof the follow5 ing new paragraph: 6 "(5) The individual's annuity computed under the pre7 ceding provisions of this subsection and that part of subsec8 tion (e) of this section which precedes the first proviso 9 shall be increased by 20 per centum.". 10 II (b) Section 2 (e) of such Act is amended 1 2 3 4 5 6 7 8 2 (1) by striking out "section 3 (a) (3) or (4) of this Act" and inserting in lieu thereof "section 3 (a) (3), (4), or (5) of this Act"; (2) by striking out the second sentence of the last paragraph; and (3) by adding at the end thereof the following new paragraph: "The spouse's annuity computed under the other pro9 visions of this section shall (before any reduction on account 10 of age) be increased by 20 per centum. The preceding sen11 tence and the other provisions of this subsection shall not 12 operate to increase the spouse's annuity (before any reduc13 tion on account of age) to an amount in excess of the max14 imum amount of a spouse's annuity as provided in the first sentence of this subsection. This paragraph shall be disregarded in the application of the preceding two paragraphs." (c) Section 2 (i) of such Act is amended by striking out 18 "the last two paragraphs" and inserting in lieu thereof "the 19 last paragraph plus the two preceding paragraphs". 15 16 17 (d) Section 5 of such Act is amended by inserting at the end thereof the following new subsection: "(p) A survivor's annuity computed under the preceding provisions of this section (except an annuity in the amount determined under the proviso in subsection 3 1 2 (a) or (b) shall (before any reduction on account of age) be increased by 20 per centum.” 3 SEC. 2. All pensions under section 6 of the Railroad Re 4 tirement Act of 1937, all annuities under the Railroad Retire5 ment Act of 1935, and all survivor annuities deriving from 6 joint and survivor annuities under the Railroad Retirement 7 Act of 1937 shall be increased by 20 per centum. 8 All widows' and widowers' insurance annuities which are 9 payable in the amount of the spouse's annuity to which the 10 widow or widower was entitled, shall, in cases where the 11 employee died prior to October 1, 1972, be increased by 20 12 per centum. 13 Joint and survivor annuities shall be computed under 14 section 3 (a) of the Railroad Retirement Act of 1937 and 15 shall be reduced by the percentage determined in accordance with the election of such annuity. 16 17 SEC. 3. All recertifications required by reason of the 18 amendments made by this Act shall be made by the Rail19 road Retirement Board without application therefor. 20 SEC. 4. For the purposes of approximating the offsets 21 in railroad retirement benefits for increases in social security 22 benefits by reason of amendments prior to the Social Security 23 Amendments of 1971, the Railroad Retirement Board is 24 authorized to prescribe adjustments in the percentages in 4 1 2 3 4 5 6 7 8 9 10 11 12 13 the Railroad Retirement Act of 1937 and laws pertaining thereto in order that these percentages, when applied against current social security benefits not in excess of the primary insurance amount applicable for an average monthly wage of $650, will produce approximately the same amounts as those computed under the law in effect, except for changes in the wage base, before the Social Security Amendments of 1971 were enacted. SEC. 5. (a) The amendments made by this Act shall be effective with respect to annuities accruing for months after August 1972 and with respect to pensions due in calendar months after September 1972. (b) The first three sections of this Act, and the amend14 ments made by such sections, shall cease to apply as of the 15 close of June 30, 1973. Annuities accruing for months after 16 June 30, 1973, and pensions due in calendar months after 17 June 30, 1973, shall be computed as if the first three sections 18 of this Act, and the amendments made by such sections, had 19 not been enacted. 92D CONGRESS 2D SESSION H. R. 15927 IN THE SENATE OF THE UNITED STATES AUGUST 10, 1972 Read twice and referred to the Committee on Labor and Public Welfare AN ACT To amend the Railroad Retirement Act of 1937 to provide a temporary 20 per centum increase in annuities, and for other purposes. 1 Be it enacted by the Senate and House of Representa 2 tives of the United States of America in Congress assembled, 3 SECTION 1. (a) Section 3 (a) of the Railroad Retire 4 ment Act of 1937 is amended by inserting at the end thereof 5 the following new paragraph: 6 "(5) The individual's annuity computed under the pre7 ceding provisions of this subsection and that part of subsecS tion (e) of this section which precedes the first proviso shall 9 be increased by 20 per centum.". 10 II (b) Section 2 (e) of such Act is amended |