Page:United States Statutes at Large Volume 85.djvu/131

 85 STAT. ]

PUBLIC LAW 92-46-JULY 2, 1971

101

Public Law 92-46 AN ACT To amend the Railroad Retirement Act of 1937 to provide a 10 i^er centum increase in annuities.

July 2, 1971 [H. R. 6444"

Be it enacted by the Senate and House of Representatives of the Railroad United States of America in Congress assembled, That section 3(a) of ment Act of Retire1937, the Eailroad Ketirement Act of 1937 is amended by inserting at the end amendments. A n n u i t i e s, inthereof the following new paragraph: crease. "(4) The annuity computed under the preceding provisions of this 82 Stat. 17; subsection and that part of subsection (e) of this section which pre- 84 Stat. 791. 45 USC 228c, cedes the first proviso shall be increased by 10 per centum." S SEC. 2, (a) Section 2(e) of the Eailroad Eetirement Act of 1937 is ity. p o u s e ' s annu84 Stat. 791. amended— (1) by striking out "section 3(a)(3) of this Act*' and insert- 45 USC 228b., ing in lieu thereof "section 3(a)(3) or (4) of this Act"; (2) by inserting "(before any reduction on account of age)"' immediately after "shall" in the first sentence of the last paragraph; (3) by striking out the last sentence; and (4) by adding at the end thereof the following new paragraph: "The spouse's annuity computed under the other provisions of this section shall (before any reduction on account of age) be increased by 10 per centum. The preceding sentence and the next preceding paragraph shall not operate to increase the annuity to an amount in excess of the maximum amount of a spouse's annuity as provided in the first sentence of this subsection. This paragraph shall be disregarded in the application of the preceding paragraph." (b)(1) Section 2(i) of such Act is amended by striking out "the last paragraph" and inserting in lieu thereof "the last two paragraphs". (2) Section 2(i) of such Act is further amended by inserting "or in that part of section 3(e) preceding the first proviso, or of the pension," immediately after "section 3(a)(1)". (c) Section 2(j) of such Act is amended by inserting ". or section 80 Stat. 1080. 5(a) of this Act," after "this section". SEC. 3. Section 5 of the Eailroad Eetirement Act of 1937 is amended 8460 Stat. 9729; Stat. 7 1. by inserting at the end thereof the following subsection: 45 USC 228e. "(o) The annuity computed under the preceding provisions of this section shall be increased by 10 per centum." Percenta SEC. 4. For the purposes of approximating the offsets in railroad adjustment.g e retirement benefits for increases in social security benefits by reason of amendments prior to the Social Security Amendments of 1971, the Eailroad Eetirement Board is authorized to prescribe adjustments in the percentages in the Eailroad Eetirement Act of 1937, and laws pertaining thereto, in order that these percentages, when applied against current social security benefits not in excess of $275.80 ' a month, will produce approximately the same amounts as those computed under the law in effect, except for changes in the wage base, before the Social Security Amendments of 1971 were enacted. SEC. 5. All pensions under section 6 of the Eailroad Eetirement Act of 1937, and all annuities under the Eailroad Eetirement Act of 1935, 50 Stat. 312. 49 Stat. 967. shall be increased by 10 per centum. All survivor annuities deriving 45 USC 228f; from joint and survivor annuities under the Eailroad Eetirement Act 215-228 note s. of 1937 and all widows' and widowers' insurance annuities which are payable in the amount of the spouse's annuity to which the widow or widower was entitled shall, in cases where the employee died in or before the month in which the increases in annuities provided in section 2 of this Act are effective, be increased by 10 per centum. Joint

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