Amends the Railroad Retirement Act of 1974 to reduce to 3.5 percent (currently, five percent) the portion of a railroad employee's annuity subject to reduction to offset cost-of-living increases under the Social Security Act.
Applies such reduction to annuity adjustments made after January 1984.
Directs the Railroad Retirement Board to readjust annuity amounts payable after January 1984 to comply with this Act.
Introduced in House
Introduced in House
Referred to House Committee on Energy and Commerce.
Referred to Subcommittee on Commerce, Transportation and Tourism.
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