Recent Amendments to the Civil Service Retirement Act
نویسنده
چکیده
* 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 other liberalizing changes, provided benefits for survivors of Federal employees, are of equal significance to students of social insurance. For that reason, and because the Bulletin carries monthly data on the operations of the Civil Service Retirement Act as a regular part of its reporting on developments in social insurance and allied fields, it offers the following discussion and evaluation of the recent changes in that act.
منابع مشابه
Tennessee Valley Authority Retirement Plan: Coordination With Old-Age, Survivors, and Disability Insurance
C OVERAGE of employees of the Federal Government under the old-age, survivors, and disability insurance system is in general restricted to those who are not covered by an existing staff retirement system.1 Because of the broad coverage of the civil-service retirement system and because of the existence of a number of small plans, coverage of the general social insurance system is therefore prim...
متن کاملRailroad Retirement Act Amendments of 1951: Financial and Actuarial Aspects
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 surviv...
متن کاملOld-Age and Survivors Insurance: Coverage Under the 1950 Amendments
,T HE Social Security Act Amendments of 1950 extend the protection of old-age and survivors insurance so that, in an average week, a possible 10 million persons, previously excluded, will be covered by the program. Of these, 7.7 million are to be covered on a compulsory basis and 2 million on the basis of voluntary coverage agreements. The addition of the newly covered groups to those protected...
متن کاملFederal Employees' Retirement System Act of 1986.
In June, President Reagan signed the Federal Employees' Retirement System Act of 1986 (Public Law 99-335), which establishes the Federal Employees' Retirement System (FERS) for employees hired after December 31, 1983. The program, which goes into effect on January 1, 1987, features a defined benefit retirement plan to augment mandatory coverage under social security. It also permits FERS partic...
متن کاملOld-Age and Survivors Insurance: Retirement Test Under the 1954 Amendments
On September 1. President Eisenhower signed the Social Security Amendments of 1954 (Public Law No. 761). The new law makes major changes in the retirement test, which in various forms has been a condition for receipt of benefits ever since Congress passed the Social Security Act in 1935. The philosophy underlying the provisions and the changes made by the 1954 amendments are reported in the fol...
متن کامل