Railroad Retirement Act Amendments of 1972, Hearing Before ..., 92-2, on H.R. 15927 (and All Identical and Similar Bills) .., and H.R. 15922 (and All Identical Bills) .., July 26, 19721972 - 62 lappuses |
Bieži izmantoti vārdi un frāzes
1937 is amended 20 per centum 20 percent 20-percent increase 2d session 92d Congress accruing for months actuarial deficiency actuarial soundness allowed to expire 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 COWEN due in calendar enacted end thereof increase in benefits increase in railroad increase in social increased by 20 July July 26 June 30 legislation lieu thereof ment million Moss paid paragraph pensions due percentage increase PODELL preceding 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 retired railroad road Retirement ROONEY SCHOENE Social Security Act Social Security Administration social security amendments social security benefits special annuity spouse's annuity SPRINGER STAGGERS statement subsection temporary increase United Transportation Union widows
Populāri fragmenti
43. 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...
24. lappuse - ... Railroad Retirement Board is authorized to prescribe adjustments in the percentages in the Railroad Retirement Act, and laws pertaining thereto, in order that these percentages, when applied against current social security benefits not in excess of $275.80 a month, 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.
60. 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,...
39. 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...
25. lappuse - Act concerns entitlement to dual benefits, that is, entitlement to to benefits under both the Railroad Retirement Act and the Social Security Act on the basis of the earnings record of a single individual. Under present law, if an individual engages in employment covered under the Railroad Retirement Act and also engages in employment covered under the Social Security Act, he, and his spouse, can become entitled to benefits under both Acts, assuming, of course...
9. lappuse - Act of 1937 and all widows' and widowers' insurance annuities which, in accordance with the proviso in section 5 (a) or section 5(b) of the Railroad Retirement Act of 1937 are payable in the amount of the spouse's annuity to which the widow or widower was entitled shall, in cases where the employee died in or before the month in which the increases in annuities provided in section 1 are effective, be increased by 15...
23. lappuse - Railroad Retirement Act of 1937 to provide a 10 per centum increase in annuities, and for other purposes.
43. 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....
40. lappuse - ... temporary feature, it must be observed that increases once provided are, to say the least, difficult to withdraw or modify later on. In these circumstances, we believe it would be most imprudent to enact the bill at this time, before there has been opportunity to consider deliberately the soon-to-be released report and findings of the Commission which Congress saw the need to establish. There is no urgency or crisis that would justify hasty action at this time to further increase railroad retirement...
41. lappuse - ... at or near the bottom of the list of groups of leading business corporations. In 1971 the railroads' rate of return on this basis was only 2.1 percent as compared with averages of 10.5 percent for public utilities and 10.8 percent for manufacturing corporations. At this time, six major railroad companies — almost one-fifth of the industry in terms of revenues — are in reorganization proceedings under the Bankruptcy Act, and another dozen which failed to earn their fixed charges in 1971 are...