Railroad Retirement Act Amendments of 1951: Financial and Actuarial Aspects
نویسنده
چکیده
The benefit provisions and legislative history of the 1951 amendments to the Railroad Retirement Act were summarized in the February Bulletin. In this issue the Chief Actuary of the Social Security Administration discusses the financial and actuarial implications of the amended law, with special emphasis on the provisions coordinating in some measure the railroad program with old-age and survivors insurance.
منابع مشابه
The Second Actuarial Valuation of the Railrod Retirement Act
" A T INTERVALS not longer t han 3 years the Board shall make an estimate of the liabilities created by this Act and the Railroad Retirement Act of 1 9 3 5 and shall include such estimate in its annual report ."1 In accordance with this s tatutory mandate , the Railroad Retirement Board has issued the second actuarial valuation, along with its recommendations and a s ta tement of the Actuarial ...
متن کاملThirteenth valuation of the railroad retirement system.
The most recent valuation of the financial condition of the railroad retirement system reveals that an existing actuarial deficiency will become more pronounced over time unless corrective action is taken. After projecting the progress of the fund under present law and certain assumptions about the future, the Railroad Retirement Board has concluded that the present value of benefits can be mai...
متن کاملRecent changes to the Railroad Retirement Act.
Recent Changes to the Railroad Retirement Act* The Social Security taxes shown are the employee taxes only and are derived by applying the combined OASDI and HI tax rates in the present law to the projected earnings amounts. The Federal income taxes shown are approximate and are based on a summary of the provisions of The Economic Recovery Tax Act of 1981 (Public Law 97-34). For the years 1985 ...
متن کاملThe 1946 amendments to the Railroad Retirement and Railroad Unemployment Insurance Acts.
T H E AMENDMENTS to the Railroad Ret irement and Railroad Unemployment Insurance Acts, approved on July 31, 1 not only give railroad workers the most comprehensive system of social insurance i n the United States, i n terms of risks covered, but provide the first major, i f par t ia l , extension of the coverage of old-age and survivors insurance since the Social Security Act Amendments of 1939...
متن کاملRecent Amendments to the Civil Service Retirement Act
* A c t u a r i a l C o n s u l t a n t , S o c i a l S e c u r i t y A d m i n i s t r a t i o n . Provision of survivor benefits under Federal old-age and survivors insurance in 1939 and under the Railroad Retirement Act in 1946 greatly strengthened and extended the protection given to wage earners and their families. The recent amendments to the Civil Service Retirement Act which, among othe...
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