42 U.S.C. § 1395i–1 — Authorization of appropriations

submitted 61 years ago by Pub. L. 89-97 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 206 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section authorizes payments into the Federal Hospital Insurance Trust Fund to account for certain qualified railroad retirement beneficiaries, related administrative costs, and lost interest. The payments are meant to leave the Trust Fund in the position it would have occupied if those individuals had not received Part A benefits.

Amounts may be appropriated from time to time to the Federal Hospital Insurance Trust Fund established by section 1395i of this title, in amounts the Secretary considers necessary for a fiscal year, for: (1) Part A payments for individuals who are qualified railroad retirement beneficiaries and who would not be entitled to the relevant monthly insurance benefits even if post-December 31, 1936 railroad employment were counted as "employment" under this chapter; (2) additional administrative costs resulting or expected to result from those payments; and (3) interest the Trust Fund loses because of those payments. The purpose is to put the Trust Fund at the end of the fiscal year in the same position it would have been in if those individuals had not been entitled to Part A benefits. This section does not define "qualified railroad retirement beneficiary," "employment," or "administrative expenses."

the actual law source: uscode.house.gov ↗public domain

There are authorized to be appropriated to the Federal Hospital Insurance Trust Fund (established by section 1395i of this title) from time to time such sums as the Secretary deems necessary for any fiscal year, on account of—

(1)

payments made or to be made during such fiscal year from such Trust Fund under this part with respect to individuals who are qualified railroad retirement beneficiaries (as defined in section 426(c) 1 of this title) and who are not, and upon filing application for monthly insurance benefits under section 402 of this title would not be, entitled to such benefits if service as an employee (as defined in the Railroad Retirement Act of 1937 [45 U.S.C. 228a et seq.]) after December 31, 1936, had been included in the term “employment” as defined in this chapter,

(2)

the additional administrative expenses resulting or expected to result therefrom, and

(3)

any loss of interest to such Trust Fund resulting from the payment of such amounts,

in order to place such Trust Fund in the same position at the end of such fiscal year in which it would have been if the individuals described in paragraph (1) had not been entitled to benefits under this part.

Source credit: (Pub. L. 89–97, title I, § 111(d), July 30, 1965, 79 Stat. 343.)

history & why it existsrecord from the source credit

1965Enacted · Pub. L. 89-97 · 79 Stat. 343

A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-97 on 1965-07-30.

all 0 arguments · sorted by: best

no arguments yet — make the first case