Page:United States Statutes at Large Volume 80 Part 1.djvu/1109

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[80 STAT. 1073]
PUBLIC LAW 89-000—MMMM. DD, 1966
[80 STAT. 1073]

80 STAT. ]

PUBLIC LAW 89-699-OCT. 30, 1966

1073

States Capitol Grounds known as Square 732 in the District of Columbia, bounded by Independence Avenue, S.E., Second Street, S.E., C Street, S.E., and First Street, S.E., and intersected by Carroll Street, for such period of time as said land is not required for building or other purposes by the Architect of the Capitol. Approved October 29, 1966.

Public Law 89-699 AN ACT

October 30, 1966

To amend the Railroad Retirement Act of 1937 and the Railroad Retirement Tax Act, and for other purposes.

[H. R. 17285]

Be it enacted by the Senate and House of Representatives United States of America in Congress assembled, That—

of the

Railroad Retirement Act of 1937 and Railroad Re-

TITLE I — AMENDMENTS T OTHER A I L E O A D E E T I R E - '"^'"-"t Tax Act, M E N T ACT O F 1987 TO P R O VI D E S U P P L E M E N T A L ANNUITIES 1. Section 3 of the Railroad Retirement Act of 1937 is 7 2^stftr\'779°' amended by adding at the end thereof the following new subsection: 45 USC 228c. SECTION

"SUPPLEMENTAL ANNUITIES

" (j)(1) An individual who is entitled to the payment of an annuity under section 2 of this Act (other than subsection (e) or (h) thereof) 73^|ta\!*'26^^' and had a current connection with the railroad industry at the time 45 USC 228b. such annuity began to accrue, shall be entitled to have a supplemental annuity accrue to him for each month beginning with the month in which he has (i) attained the age of sixty-five and (ii) completed twenty-five or more years of service. The amount of the supplemental annuity shall be $45 plus an additional amount of $5 for each year of service that the individual has in excess of 25 years, but in no case shall the supplemental annuity exceed $70: Provided, however, That in cases where an individual's annuity under section 2 of this Act begins to accrue on other than the first day of the month, the amount of any supplemental annuity to which he is entitled for that month shall be reduced by one-thirtieth for each day with respect to which he is not entitled to an annuity under section 2. The supplemental annuity provided by this subsection shall, with respect to any month, be subject to the same provisions of subsection (d) of section 2 of this Act as the individual's annuity under such section 2. Except as provided in subsection (a)(2) of this section, the supplemental annuity ^°^ P- ^°^^provided by this subsection shall not be taken into consideration in determining or computing any other annuity or benefit under this Act. "(2) The supplemental annuity provided by this subsection for an individual shall, with respect to any month, be reduced by the amount of the supplemental pension, attributable to the employer's contribution, that such individual is entitled to receive for that month under any other supplemental pension plan: Provided, however, That the maximum of such reduction shall be equal to the amount of the supplemental annuity less any amount by which the supplemental pension is reduced by reason of the supplemental annuity. "(3) The supplemental annuity provided by this subsection shall terminate with such annuity accruing for the sixtieth month following enactment of this subsection. "(4) The provisions of section 12 of this Act shall not operate to -^s use 228^ exclude the supplemental annuities herein provided for from income