Railroad Retirement and Survivors' Improvement Act of 2001

Summary

Railroad Retirement and Survivors' Improvement Act of 2001 - Amends the Railroad Retirement Act of 1974 to increase benefits to railroad employees and their beneficiaries and to revise financing of the pension part (tier II) of the railroad retirement system. Establishes a Railroad Retirement Trust Fund and a Railroad Retirement Investment Trust to manage and invest Fund assets. Abolishes the Railroad Retirement Supplemental Annuity Account and provides for transfer of its funds to the Fund. Provides for transfer to the Fund of certain portions of the Railroad Retirement Account and of Social Security Equivalent Benefit account funds. Transfers to the disbursing agent from the Dual Benefits Payments Account the amount necessary to make dual benefit payments. Requires the Railroad Retirement Board (RRB) to calculate the ratio of assets to benefits to determine annual tier II tax rates for employers, employee representatives, and employees. Amends the Internal Revenue Code to exempt the Fund from taxation. Repeals a supplemental annuity tax that railroad employers pay to finance a benefit for long-time rail employees. Provides for adjustments to railroad employers, employee representatives, and employee tier II tax rates.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 4 April 2001

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 4 April 2001

   Introduced

   Sponsor introductory remarks on measure. (CR S3448-3450)

   Source: IntroReferral

3. 4 April 2001

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 4 April 2001 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 4 April 2001

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 4 April 2001

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 4 April 2001

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Hatch, Orrin G. [R-UT] · R · Sponsor
• Sen. Baucus, Max [D-MT] · D · Sponsor
• Sen. Hagel, Chuck [R-NE] · R · Sponsor
• Sen. Rockefeller, John D., IV [D-WV] · D · Sponsor
• Sen. Craig, Larry E. [R-ID] · R · Sponsor
• Sen. Bingaman, Jeff [D-NM] · D · Sponsor
• Sen. Crapo, Mike [R-ID] · R · Sponsor
• Sen. Lincoln, Blanche L. [D-AR] · D · Sponsor
• Sen. Brownback, Sam [R-KS] · R · Sponsor
• Sen. Torricelli, Robert G. [D-NJ] · D · Sponsor
• Sen. Warner, John [R-VA] · R · Sponsor
• Sen. Conrad, Kent [D-ND] · D · Sponsor
• Sen. Roberts, Pat [R-KS] · R · Sponsor
• Sen. Kerry, John F. [D-MA] · D · Sponsor
• Sen. Smith, Gordon H. [R-OR] · R · Sponsor
• Sen. Daschle, Thomas A. [D-SD] · D · Sponsor
• Sen. Collins, Susan M. [R-ME] · R · Sponsor
• Sen. Breaux, John B. [D-LA] · D · Sponsor
• Sen. Hutchinson, Tim [R-AR] · R · Sponsor
• Sen. Mikulski, Barbara A. [D-MD] · D · Sponsor
• Sen. Landrieu, Mary L. [D-LA] · D · Sponsor
• Sen. Carper, Thomas R. [D-DE] · D · Sponsor
• Sen. Cleland, Max [D-GA] · D · Sponsor
• Sen. Schumer, Charles E. [D-NY] · D · Sponsor
• Sen. Dorgan, Byron L. [D-ND] · D · Sponsor
• Sen. Biden, Joseph R., Jr. [D-DE] · D · Sponsor
• Sen. Carnahan, Jean [D-MO] · D · Sponsor
• Sen. Nelson, Ben [D-NE] · D · Sponsor
• Sen. Stabenow, Debbie [D-MI] · D · Sponsor
• Sen. Wellstone, Paul D. [D-MN] · D · Sponsor
• Sen. Dayton, Mark [D-MN] · D · Sponsor
• Sen. Sarbanes, Paul S. [D-MD] · D · Sponsor
• Sen. Durbin, Richard J. [D-IL] · D · Sponsor
• Sen. Bayh, Evan [D-IN] · D · Sponsor
• Sen. Miller, Zell [D-GA] · D · Sponsor
• Sen. Burns, Conrad R. [R-MT] · R · Cosponsor
• Sen. Reed, Jack [D-RI] · D · Cosponsor
• Sen. Chafee, Lincoln [R-RI] · R · Cosponsor
• Sen. Specter, Arlen [R-PA] · R · Cosponsor
• Sen. Murray, Patty [D-WA] · D · Cosponsor
• Sen. Byrd, Robert C. [D-WV] · D · Cosponsor
• Sen. Harkin, Tom [D-IA] · D · Cosponsor
• Sen. Johnson, Tim [D-SD] · D · Cosponsor
• Sen. DeWine, Mike [R-OH] · R · Cosponsor
• Sen. Helms, Jesse [R-NC] · R · Cosponsor
• Sen. Levin, Carl [D-MI] · D · Cosponsor
• Sen. Lieberman, Joseph I. [ID-CT] · D · Cosponsor
• Sen. Shelby, Richard C. [R-AL] · R · Cosponsor

Showing 48 of 77 sponsors and actors.

Related records

• related to → Railroad Retirement and Survivors' Improvement Act of 2001
• related to → Railroad Retirement and Survivors' Improvement Act of 2001