Page:United States Statutes at Large Volume 73.djvu/66

 28 45 USC 228s-1.

Veterans. 72 Stat. 1136. A n n u i t y increase. 45 USC 228f.

45 USC 228e.

Effective dates.

Recertifications.

PUBLIC LAW 86-28-MAY 19, 1959

[73

ST A T.

SEC. 4. Section 20 of the Kailroad Ketirement Act of 1937 is amended (1) by inserting " (a) " immediately after "SEC. 20."; and (2) by adding at the end thereof the following new subsection: " (b) Pensions and annuities under this Act or the Railroad Retirement Act of 1935 shall not be considered as income for the purposes of section 522 of title 38 of the United States Code." SEC. 5. All pensions under section 6 of the Railroad Retirement Act of 1937, all joint and survivor annuities and survivor annuities deriving from joint and survivor annuities under that Act awarded before the month next following the month of enactment of this Act, all widows' and widowers' insurance annuities which began to accrue before the second calendar month next following the month of such enactment, and which, in accordance with the proviso in section 5(a) or section 5(b) of the Railroad Retirement Act of 1937, are payable in the amount of the spouse's annuity to which the widow or widower was entitled, and all annuities under the Railroad Retirement Act of 1935, are increased by 10 per centum. SEC. 6. (a) The amendments made by section 1 (other than subsection (b) thereof), by subsections (a) and (c) of section 2, and by subsection (b) of section 3 shall be effective only with respect to annuities (not including annuities to which section 5 applies) accruing for months after the month of enactment of this Act. The amendment made by subsection (b) of section 1 and by subsection (c) of section 3 shall be effective with respect to annuities accruing during the calendar year 1959 and subsequent calendar years. The amendment made by subsection (a) of section 3 shall be effective only with respect to lumpsum payments (under section 5(f)(2) of the Railroad Retirement Act of 1937) in the case of deaths occurring after the month of enactment of this Act. The amendments made by subsection (f) of section 3 shall be effective only with respect to annuities accruing for months after the month of enactment of this Act and lump-sum payments (under section 5(f)(1) of the Railroad Retirement Act of 1937) in the case of deaths occurring after the month of enactment of this Act. Sections 4 and 5 shall be effective only with respect to pensions due in calendar months after the month next following the month of enactment of this Act and annuities accruing for months after the month of enactment of this Act. (b) All recertifications required by reason of the amendments made by this part shall be made by the Railroad Retirement Board without application therefor. PART II — AMENDMENTS TO THE RAILROAD RETIREMENT T A X ACT

68A Stat. 431. 26 USC 3201.

Employees.

SEC. 201. (a) Section 3201 of the Railroad Retirement Tax Act is amended to read as follows: "SEC. 3201. RATE OF TAX. " I n addition to other taxes, there is hereby imposed on the income of every employee a tax equal to— "(1) 6% percent of so much of the compensation paid to such employee for services rendered by him after the month in which this provision was amended in 1959, and before January 1, 1962, and "(2) 71/4 percent of so much of the compensation paid to such employee for services rendered by him after December 31, 1961, as is not in excess of $400 for any calendar month: Provided, That

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