Railroad Unemployment Insurance: Hearings on H.R. 5711

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Página 40 - First year Second year Third year., Fourth year Fifth year Sixth year Seventh year Eighth year Ninth year Tenth year Eleventh year Twelfth year Thirteenth year Fourteenth year Fifteenth year...
Página 2 - As soon as practicable following the enactment of this Act, the Board shall determine and proclaim the balance to the credit of the account as of the close of business on September 30...
Página 42 - Railway Carmen of America; International Brotherhood of Firemen and Oilers; Brotherhood of Railway and Steamship Clerks, Freight Handlers, Express and Station Employees; Brotherhood of Maintenance of Way Employees; Brotherhood of Railroad Signalmen of America; National Organization Masters, Mates and Pilots of America; National Marine Engineers...
Página 19 - The Fund shall be invested as a single fund, but the Secretary of the Treasury shall maintain a separate book account for each State agency and shall credit quarterly on March 31, June 30, September 30, and December 31, of each year, to each account, on the basis of the average daily balance of such account, a proportionate part of the earnings of the Fund for the quarter ending on such date.
Página 40 - So the committee will now stand adjourned until 10 o'clock tomorrow morning. (Thereupon, at...
Página 2 - If the balance to the credit of the railroad unemployment Insurance account as of the close of business on September 30, of any year, as determined by the Board, is...
Página 2 - Every employer shall pay a contribution, with respect to having employees in his service, equal to the percentage determined as set forth below of so much of the compensation as is not in excess of $300 for any calendar month paid by him to any employee for services rendered to him after June 30, 1939...
Página 3 - The Secretary of the Treasury shall maintain in the unemployment trust fund established pursuant to section 904 of the Social Security Act an account to be known as the railroad unemployment insurance account.
Página 42 - Committee and the Brotherhood of Locomotive Engineers, the Brotherhood of Locomotive Firemen and Enginemen, the Order of Railway Conductors and Brakemen, the Brotherhood of Railroad Trainmen, and the Switchmen's Union of North America.
Página 4 - These great sums of money are being withdrawn from useful purposes within the railroad industry and placed in a sterile fund already tremendously inflated. I have briefly outlined the existing abuse which makes it necessary that HR 5711, or similar legislation, be enacted. That bill would correct the abuse by substituting for the flat 3 percent pay roll tax, now paid by the railroads, a graduated scale of taxes dependent upon the amount of the surplus reserve fund. Under the graduated scale of taxes...

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