A bill to amend the Railroad Retirement Act of 1974 to eliminate the "last employer" rule, and certain related rules, as they affect the portion of certain annuities commonly referred to as "tier I" and to provide that certain deductions for work be made from such portion.

Summary

Amends the Railroad Retirement Act of 1974 to provide that a tier I annuity benefit (subject to the social security earnings limit) shall be payable (from the social security equivalent account) to an individual (or to a spouse, divorced spouse, or survivor) without regard to the "last employer" rule and certain related rules. Applies certain social security work deductions to such tier I annuities.

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Documents

1 official file

• Introduced in House

  summary · EN · 15 May 1985

  Open at official source

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