Page:United States Statutes at Large Volume 115 Part 1.djvu/900

 115 STAT. 878 PUBLIC LAW 107-90 —DEC. 21, 2001 Public Law 107-90 107th Congress Dec. 21, 2001 [H.R. 10] Railroad Retirement and Survivors' Improvement Act of 2001. 45 USC 231t note. An Act To modernize the financing of the raiilroad retirement system and to provide enhanced benefits to employees and beneficiaries. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; TABLE OF CONTENTS. (a) SHORT TITLE.— This Act may be cited as the "Railroad Retirement and Survivors' Improvement Act of 2001". (b) TABLE OF CONTENTS.— The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. TITLE I—AMENDMENTS TO RAILROAD RETIREMENT ACT OF 1974 Sec. 101. Expansion of widow's and widower's benefits. Sec. 102. Retirement age restoration. Sec. 103. Vesting requirement. Sec. 104. Repeal of railroad retirement maximum. Sec. 105. Investment of railroad retirement assets. Sec. 106. Elimination of supplemental annuity account. Sec. 107. Transfer authority revisions. Sec. 108. Annual ratio projections and certifications by the Railroad Retirement Board. TITLE II—AMENDMENTS TO THE INTERNAL REVENUE CODE OF 1986 Sec. 201. Amendments to the Internal Revenue Code of 1986. Sec. 202. Exemption from tax for National Railroad Retirement Investment Trust. Sec. 203. Repeal of supplemental annuity tax. Sec. 204. Employer, employee representative, and employee tier 2 tax rate adjustments. TITLE I—AMENDMENTS TO RAILROAD RETIREMENT ACT OF 1974 SEC. 101. EXPANSION OF WIDOWS AND WIDOWER'S BENEFITS. (a) IN GENERAL.—Section 4(g) of the Railroad Retirement Act of 1974 (45 U.S.C. 231c(g)) is amended by adding at the end the following new subdivision: "(10)(i) If for any month the unreduced annuity provided under this section for a widow or widower is less than the widow's or widower's initial minimum amount computed pursuant to paragraph (ii) of this subdivision, the unreduced annuity shall be increased to that initial minimum amount. For the purposes of this subdivision, the unreduced annuity is the annuity without regard to any deduction on account of work, without regard to any reduction for entitlement to an annuity under section 2(a)(1) of this Act, without regard to any reduction for entitlement to

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