H.R.2233 - Railroad Retirement and Railroad Unemployment Insurance Amendments Act of 1995104th Congress (1995-1996)
Summary: H.R.2233 — 104th Congress (1995-1996)
Introduced in House (08/04/1995)
TABLE OF CONTENTS:
Title I: Financial Amendments
Title II: Benefit Amendments
Title III: Administrative Simplification Amendments
Title IV: Debt Collection Amendments
Title V: Penalty Amendments
Railroad Retirement and Railroad Unemployment Insurance Amendments Act of 1995 - Title I: Financial Amendments - Amends the Internal Revenue Code to require disclosure of information about certain taxes to the Railroad Retirement Board for its administration of the Railroad Retirement and Railroad Unemployment Insurance Acts.
(Sec. 102) Amends Federal law to require that the proceeds of checks drawn on accounts established under the Railroad Retirement and Railroad Unemployment Insurance Acts, which have been uncashed and canceled by the Secretary, be reaccredited to such accounts.
Title II: Benefit Amendments - Amends the Railroad Retirement Act of 1974 to revise provisions for the assignability of railroad retirement annuities treated as community property for purposes of, or property subject to, distribution in accordance with a court decree of divorce, annulment, or legal separation or court-approved property settlement.
(Sec. 202) Declares that the Board, as a condition for either the receipt of an annuity or to be included in the computation of an annuity under this Act, shall require an individual to furnish satisfactory proof of a Social Security account number.
(Sec. 203) Amends the Railroad Unemployment Insurance Act to repeal the employee entitlement to supplemental unemployment benefits in certain circumstances.
Title III: Administrative Simplification Amendments - Amends the Railroad Retirement Act of 1974 and the Railroad Unemployment Insurance Act to authorize the expenditure out of the Railroad Retirement Account, the Railroad Retirement Supplemental Account, the Social Security Equivalent Benefit Account, and the railroad unemployment insurance account of such sums as the Congress may deem appropriate to pay the costs of administration of such Acts.
Abolishes the railroad unemployment insurance administration fund.
(Sec. 302) Establishes within the Railroad Retirement Account a Continuing Disability Review Account. Requires the Board to use funds from the Account to carry out continuing disability reviews.
Title IV: Debt Collection Amendments - Amends the Railroad Retirement Act of 1974 to revise provisions regarding the Board's recovery of overpayment or erroneous payment of retirement or unemployment insurance benefits.
Title V: Penalty Amendments - Increases the criminal penalties for persons who fail to furnish, or who provide fraudulent, information to the Board.
(Sec. 502) Amends Federal law to require any penalty or assessment imposed by the Board with respect to claims to retirement or unemployment insurance benefits to be deposited in the Railroad Retirement Account and Railroad Unemployment Insurance Account, respectively.