Page:United States Statutes at Large Volume 87.djvu/1050

 1018

PUBLIC LAW 93-236-JAN. 2, 1974

[87 STAT.

relationship is severed in accordance with subsection (d) of this section, shall oe entitled to receive a lump-sum separation allowance not to exceed $20,000 in lieu of all other benefits provided by this title. Said lump-sum separation allowance, in the case of a protected employee who had not less than e nor more than 5 years of service as of the date 3 of this Act, shall amount to 270 days' pay at the rate of the position last held and, in the case of a protected employee having had 5 or more years' service, shall amount to the number of days' pay indicated below at the rate of the position last held dependent upon the age of the protected employee at the time of such termination of employment: 60 or under 360 days' pay 61 300 days' pay 62 240 days' pay 63 180 days' pay 64 120 days' pay. (f) TERMINATION ALLOWANCE.—The Corporation may terminate

the employment of an employee of a railroad in reorganization, who has less tlian 3 years' service as of the effective date of this Act: Provided, however, That in such event the terminated employee shall be entitled to receive a lump sum separation allowance in an amount determined as follows: 2 to 3 years' service

180 days' pay at the rate of the position last held. 1 to 2 years' service 90 days' pay at the rate of the position last held. Less than 1 year's service .5 days' pay at the rate of the position last held for each month of service. (g) MOVING EXPENSE BENEFITS.—Any protected employee who is

recjuired to make a change of residence as the result of a transaction shall be entitled to the following benefits— (1) Reimbursement for all expenses of moving his household and other personal effects, for the traveling expense of himself and members of his family, including living expenses for himself and his family, and for his own actual wage loss, not to exceed 10 working days. Provided, That the Corporation or acquiring railroad shall, to the same extent provided above, assume said expenses for any employee furloughed within 3 years after changing his point of employment as a result of a transaction^ who elects to move his place of residence back to his original point of employment. No claim for reimbursement shall be paid under the provisions of this section unless such claim is presented to the Corporation or acquiring railroad within 90 days after the date on which the expenses were incurred. (2)(A)(i) If the protected employee owns, or is under a contract to purchase, his own home in the locality from which he is required to move and elects to sell said home, he shall be reimbursed for any loss suffered in the sale of his home for less than its fair market value. I n each case the fair market value of the home in question shall be determined as of a date sufficiently prior to the date of the transaction so as to be unaft'ected thereby. The Corporation or an acquiring railroad shall in each instance be afforded an opportunity to purchase the home at such fair market value before it is sold by the employee to any other person. (ii) A protected employee may elect to waive the provisions of paragraph (2)(A)(i) of this subsection and to receive, in lieu thereof, an amount equal to his closing costs which are ordinarily paid for and assumed by a seller of real estate in the jurisdiction

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