Summary: S.929 — 99th Congress (1985-1986)All Information (Except Text)

There is one summary for S.929. Bill summaries are authored by CRS.

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Introduced in Senate (04/17/1985)

Amends the Railroad Retirement Act of 1974 to reduce from five percent to 3.5 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.