railroad retirement amendments

railroad retirement amendments Sec. 105. (a) (1) The Railroad Retirement Act of 1937 is amended by adding after section 20 the following new section: “hospital insurance benefits for the aged “Sec. 21. For the purposes of part A of title XVIII of the Social Security Act, in order to provide hospital insurance benefits for annuitants, pensioners, and certain other aged individuals, the Board shall, upon request of the Secretary of Health, Education, and Welfare, certify to the Secretary the name of any individual who has attained age 65 and who (1) is entitled to an annuity or pension under this Act, (2) would be entitled to such an annuity had he (i) ceased compensated service and (in the case of a spouse) had such spouse’s husband or wife ceased compensated service and (ii) applied for such annuity, or (3) bears a relationship to an employee which, by reason of section 3(e) of this Act, has been, or would be, taken into account in calculating the amount of an annuity of such employee or his survivors. Such a certification shall include such additional information as may be necessary to carry out the provisions of part A of title XVIII of the Social Security Act, and shall become effective on the date of certification or on such earlier date not. more than one year prior to the date of certification as the Board states that such individual first met the requirements for certification. The Board shall notify the Secretary or the date on which such individual no longer meets the requirements of this section.” (2) For purposes of section 21 of the Railroad Retirement Act of 1937 (and sections 1840, 1843, and 1870 of the Social Security Act), entitlement to an annuity or pension under the Railroad Retirement Act of 1937 shall be deemed to include entitlement under the Railroad Retirement. Act of 1935. (b) (1) Section 3201 of the Internal Revenue Code of 1954 (relating to rate of tax on employees under the Railroad Retirement Tax Act) is amended by striking out “the rate of the tax imposed with respect to wages by section 3101 at such time exceeds the rate provided by paragraph (2) of such section 3101 as amended by the Social Security Amendments of 1956” and inserting in lieu thereof “the rate of the tax imposed with respect to wages by section 3101(a) at such time exceeds 2% percent (the rate provided by paragraph (2) of section 3101 as amended by the Social Security Amendments of 1956)”. (2) Section 3211 of such Code (relating to the rate of tax on employee representatives under the Railroad Retirement Tax Act) is amended by striking out “the rate of the tax imposed with respect to wages by section 3101 at such time exceeds the rate provided by paragraph (2) of such section 3101 as amended by the Social Security Amendments of 1956” and inserting in lieu thereof “the rate of the tax imposed with respect to wages by section 3101(a) at such time exceeds 2% percent (the rate provided by paragraph (2) of section 3101 as amended by the Social Security Amendments of 1956)”. (3) Section 3221(b) of such Code (relating to the rate of tax on employers under the Railroad Retirement Tax Act) is amended by striking out “the rate of the tax imposed with respect to wages by section 3111 at such time exceeds the rate provided by paragraph (2) 79 Stat. 336of such section 3111 as amended by the Social Security Amendments of 1956” and inserting in lieu thereof “the rate of the tax imposed with respect to wages by section 3111(a) at such time exceeds 2% percent (the rate provided by paragraph (2) of section 3111 as amended by the Social Security Amendments of 1956)”. (4) The amendments made by this subsection shall be effective with respect to compensation paid for services rendered after December 31, 1965. (c) For amendments preserving relationship between the railroad retirement and old-age, survivors, and disability insurance systems, see section 326 of this Act.