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 Representa2 tives of the United States of America in Congress assembled, 3 SECTION 1. (a) Section 3 (a) of the Railroad Retire4 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 subsec8 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 2 1 2 3 4 5 6 7 8 (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 15 sentence of this subsection. This paragraph shall be dis16 regarded in the application of the preceding two para17 graphs." 18 (c) Section 2 (i) of such Act is amended by striking 19 out "the last two paragraphs" and inserting in lieu thereof 20 "the last paragraph plus the two preceding paragraphs”. 21 (d) Section 5 of such Act is amended by inserting at the 22 end thereof the following new subsection: 223 "(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 (a) or (b) shall (before any reduction on account of 3 SEC. 2. All pensions under section 6 of the Railroad 4 Retirement Act of 1937, all annuities under the Railroad 5 Retirement Act of 1935, and all survivor annuities deriving 6 from joint and survivor annuities under the Railroad Retirement 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 accord16 ance with the election of such annuity. 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 22 SEC. 4. For the purposes of approximating the offsets 21 in railroad retirement benefits for increases in social security 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 25 the Railroad Retirement Act of 1937 and laws pertaining 4 1 thereto in order that these percentages, when applied against 2 current social security benefits not in excess of the primary 3 insurance amount applicable for an average monthly wage 4 of $650, will produce approximately the same amounts as 5 those computed under the law in effect, except for changes 6 in the wage base, before the Social Security Amendments of 1971 were enacted. 7 8 SEC. 5. (a) The amendments made by this Act shall be 9 effective with respect to annuities accruing for months after 10 August 1972 and with respect to pensions due in calendar 11 months after September 1972. 12 (b) The first three sections of this Act, and the amend13 ments made by such sections, shall cease to apply as of the 14 close of June 30, 1973. Annuities accruing for months after 15 June 30, 1973, and pensions due in calendar months after 16 June 30, 1973, shall be computed as if the first three sec17 tions of this Act, and the amendments made by such sections, 18 had not been enacted. Passed the House of Representatives August 9, 1972. Attest: W. PAT JENNINGS, Clerk. 92D CONGRESS 2D SESSION H. R. 15922 IN THE SENATE OF THE UNITED STATES AUGUST 15, 1972. Read twice and referred to the Committee on Labor and Public Welfare AN ACT To amend the Railroad Retirement Act of 1937 to simplify administration of the Act. 1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 3 SECTION 1. (a) Section 3 (e) of the Railroad Retire4 ment Act of 1937 is amended by striking out the word 5 "and" after clause (iv) in the second paragraph thereof 6 and inserting after the semicolon in clause (v) in such second 7 paragraph the following new clauses: "(vi) individuals not entitled to an annuity under section 2 or 5 of this Act shall not be included in the computation under such first proviso except a spouse who could quality for an annuity under section 2 (e) or (h) |