Railroad Retirement Solvency Act of 1983

Summary

Railroad Retirement Solvency Act of 1983 - Title I: Benefit Adjustments - Amends the Railroad Retirement Act of 1974 to make certain disabled railroad employees eligible for disability insurance benefits under the Social Security Act. Sets forth formulas for determining annuities for certain individuals who retire before the age of 62. Sets forth the annuity formulas for spouses of such individuals and spouses of disabled employees. Makes such annuities comparable to benefits payable under the Social Security Act. Revises the computation of railroad annuities with respect to cost-of-living adjustments made under the Social Security Act. Changes annuity beginning dates to conform to such dates under such Act. Eliminates post-secondary school students from eligibility for survivors' annuities. Repeals certain provisions to preserve the financial solvency of the Railroad Retirement Act. Title II: Revenue Increases - Amends the Internal Revenue Code to increase the tier II tax on railroad employees, employers, and employee representatives and to extend such tax from July 1, 1984, until June 30, 1986. Provides for adjustments of such tax rates after July 1, 1986, depending upon the tier II benefit deficit and the average Railroad Retirement Account balance requirements imposed by this Act. (Defines "tier II benefit" as benefits paid from the Railroad Retirement Account other than social security equivalent benefits). Requires that social security equivalent benefits of railroad employees be taxed like social security benefits, and that tier II benefits be taxed as benefits received under employer plans. Provides for the transfer of revenue increases to the Railroad Retirement Account. Title III: Borrowing Authority Adjustments - Directs the Secretary of the Treasury to transfer to the Railroad Retirement Account from the general fund such amounts as are determined necessary by the Railroad Retirement Board after the end of each month beginning in October 1983. Amends the Railroad Unemployment Insurance Act to authorize advances to the railroad unemployment insurance account from the Federal unemployment account in the Unemployment Trust Fund. Requires an advance to the railroad unemployment insurance account in an amount sufficient to repay amounts due the Railroad Retirement Account. Title IV: Other Amendments - Changes the maximum percentage of amounts that may be transferred from the Railroad Retirement Account to the Dual Benefits Payments Account to such amount as determined necessary by the Board to pay dual benefits for a particular month. Provides for the transfer of amounts owed to the Railroad Retirement Account for unfunded dual benefits previously paid. Makes technical and conforming amendments.

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Timeline

1. 24 February 1983

   Introduced

   Referred to House Committee on Energy and Commerce.

   Source: IntroReferral

2. 24 February 1983

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 February 1983

   Introduced

   Introduced in House

   Source: IntroReferral

4. 25 February 1983

   Referred

   Referred to Subcommittee on Social Security.

   Source: Committee

5. 28 February 1983

   Referred

   Referred to Subcommittee on Commerce, Transportation and Tourism.

   Source: Committee

6. 1 March 1983

   Committee

   Subcommittee Hearings Held.

   Source: Committee

7. 3 March 1983

   Reported

   Ordered to be Reported (Amended).

   Source: Committee

8. 3 March 1983

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

9. 3 March 1983

   Committee

   Subcommittee on Commerce, Transportation and Tourism Discharged.

   Source: Committee

10. 9 March 1983

    Reported

    Reported to House (Amended) by House Committee on Energy and Commerce. Report No: 98-30 (Part I).

    Source: Committee

11. 9 March 1983

    Reported

    Reported to House (Amended) by House Committee on Energy and Commerce. Report No: 98-30 (Part I).

    Source: Committee

12. 3 May 1983

    Committee

    Subcommittee Hearings Held.

    Source: Committee

13. 7 June 1983

    Committee

    Forwarded by Subcommittee to Full Committee (Amended).

    Source: Committee

14. 7 June 1983

    Committee

    Subcommittee Consideration and Mark-up Session Held.

    Source: Committee

15. 16 June 1983

    Committee

    Forwarded by Subcommittee to Full Committee (Amended).

    Source: Committee

16. 16 June 1983

    Committee

    Subcommittee Consideration and Mark-up Session Held.

    Source: Committee

17. 23 June 1983

    Reported

    Ordered to be Reported (Amended).

    Source: Committee

18. 23 June 1983

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

19. 1 July 1983

    Calendars

    Placed on Union Calendar No: 182.

    Source: Calendars

20. 1 July 1983

    Reported

    Reported to House (Amended) by House Committee on Ways and Means. Report No: 98-30 (Part II).

    Source: Committee

21. 1 July 1983

    Reported

    Reported to House (Amended) by House Committee on Ways and Means. Report No: 98-30 (Part II).

    Source: Committee

22. 26 July 1983

    Floor

    Committee on Rules Granted a Modified Closed Rule Providing Two Hours of Debate; Making in Order the Text of H.R.3619 as an Amendment in the Nature of a Substitute; Waiving all Points of Order Against the Substitute for Failure to Comply with Clause 5(a), Rule XXI; Making in Order Other Amendments Printed in the Record.

    Source: Floor

23. 27 July 1983

    Reported

    Rules Committee Resolution H.Res.286 Reported to House.

    Source: Floor

24. 1 August 1983

    Vote

    Passed House (Amended) by Yea-Nay Vote: 398 - 5 (Record Vote No: 297).

    Source: Floor

25. 1 August 1983

    Vote

    Passed/agreed to in House: Passed House (Amended) by Yea-Nay Vote: 398 - 5 (Record Vote No: 297).

    Source: Floor

26. 1 August 1983

    Passed

    House Agreed to Amendments Adopted by the Committee of the Whole.

    Source: Floor

27. 1 August 1983

    Floor

    Called up by House by Rule.

    Source: Floor

28. 1 August 1983

    Passed

    Rule Passed House.

    Source: Floor

29. 2 August 1983

    Vote

    Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 95-2. Record Vote No: 240.

    Source: Floor

30. 2 August 1983

    Floor

    Measure laid before Senate by unanimous consent.

    Source: Floor

31. 2 August 1983

    Introduced

    Received in the Senate, read twice.

    Source: IntroReferral

32. 10 August 1983

    Floor

    Presented to President.

    Source: Floor

33. 10 August 1983

    President

    Presented to President.

    Source: President

34. 10 August 1983

    Floor

    Measure Signed in Senate.

    Source: Floor

35. 12 August 1983

    Became law

    Became Public Law No: 98-76.

    Source: President

36. 12 August 1983

    President

    Signed by President.

    Source: President

37. 12 August 1983

    Became law

    Signed by President.

    Source: BecameLaw

Votes

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

5 official files

• Public Law (PDF)

  Public Law · EN · 13 August 1983

  ViewDownloadOpen at official source

• Passed House amended

  summary · EN · 1 August 1983

  Open at official source

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• Reported to House amended, Part II

  summary · EN · 1 July 1983

  Open at official source

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  Vertaal document

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

• Reported to House amended, Part I

  summary · EN · 9 March 1983

  Open at official source

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  Vertaal document

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

• Introduced in House

  summary · EN · 24 February 1983

  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

• Rep. Florio, James J. [D-NJ-1] · D · Sponsor
• Rep. Richardson, Bill [D-NM-3] · D · Sponsor
• Rep. Dowdy, Wayne [D-MS-4] · D · Sponsor
• Rep. Applegate, Douglas [D-OH-18] · D · Cosponsor
• Rep. Brown, George E., Jr. [D-CA-42] · D · Cosponsor
• Rep. Howard, James J. [D-NJ-3] · D · Cosponsor
• Sen. Torricelli, Robert G. [D-NJ] · D · Cosponsor
• Rep. Kildee, Dale E. [D-MI-5] · D · Cosponsor
• Rep. Dwyer, Bernard J. [D-NJ-6] · D · Cosponsor
• Rep. Lantos, Tom [D-CA-12] · D · Cosponsor
• Rep. Carr, Bob [D-MI-8] · D · Cosponsor
• Rep. Hubbard, Carroll, Jr. [D-KY-1] · D · Cosponsor
• Rep. Roe, Robert A. [D-NJ-8] · D · Cosponsor
• Rep. Hall, Sam B., Jr. [D-TX-1] · D · Cosponsor
• Rep. McCloskey, Frank [D-IN-8] · D · Cosponsor
• Sen. Mikulski, Barbara A. [D-MD] · D · Cosponsor
• Rep. Bonker, Don [D-WA-3] · D · Cosponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Cosponsor
• Rep. Ray, Richard B. [D-GA-3] · D · Cosponsor
• Rep. Hillis, Elwood H. [R-IN-5] · R · Cosponsor
• Rep. Biaggi, Mario [D-NY-19] · D · Cosponsor
• Rep. Albosta, Donald J. [D-MI-10] · D · Cosponsor
• Rep. Mavroules, Nicholas [D-MA-6] · D · Cosponsor
• Rep. Sikorski, Gerry E. [D-MN-6] · D · Cosponsor
• Rep. Scheuer, James H. [D-NY-8] · D · Cosponsor
• · hswm00 · Standing
• · hsif00 · Standing

Related records

• related to → A bill to amend the Railroad Retirement Act of 1974 to assure that surviving parents receive benefits that are equal to those analogous surviving parents receive under the Social Security Act.
• related to → A bill to amend the Railroad Retirement Act of 1974 to require the inclusion of certain compensation in the computation of benefits if that compensation is taxed for railroad retirement purposes.
• related to → A bill to amend the Railroad Retirement Act of 1974 to eliminate deductions from certain annuities on account of military pensions, disability compensation, and other gratuitous benefits given under other Acts of Congress.
• related to → A bill to amend the Railroad Retirement Act of 1974 with regard to the definition of the term "spouse".
• related to ← A bill to amend the Railroad Retirement Act of 1974 with respect to the exemption from legal process of certain benefits under such Act.
• related to ← Railroad Retirement Solvency Act of 1983
• related to ← Railroad Retirement Solvency Act of 1983
• amends ← An amendment to instruct the Railroad Retirement Board to honor court orders that treat non Tier I railroad retirement benefits as property subject to division in divorce proceedings. Also, direct the board to make payments directly to the divorced spouse in accordance with court approved separation agreements, divorce decrees, and property settlement agreements.
• amends ← An amendment to the Pickle amendment to phase in changes affecting retirees who retire between the ages of 60 and 62 with at least 30 years of service. The amendment would allow employees who reach age 60 by 6/30/84, to retire under the conditions of the present Tier I system, and it would allow employees who reach age 60 by 12/31/85 and opt for early retirement, to have their Tier 1 benefit reduced by 10 percent rather than 20 percent as provided in the bill.
• amends ← An amendment to move up the date of the first increase in Tier II employer and employee payroll tax from 7/1/84 to 1/1/84. Also it moves up the date on which railroad retirement payroll taxes would have to be deposited in the Railroad Retirement Account under the same schedule that other industries deposit taxes in the Social Security system from 1/1/86 to 1/1/84.

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