45 U.S.C. § 231o — Private pensions
submitted 91 years ago by Pub. L. 93-445 to r/title-45-RAILROADS · 87 words · no verdicts yet
This section protects private pensions alongside railroad retirement benefits. Employers may still pay retired employees extra pensions or gifts on top of their railroad retirement annuity, and older pension trusts stay in effect. A person's annuity cannot be reduced just because an employer also pays a pension or gratuity.
Nothing in this subchapter shall be taken as restricting or discouraging payment by employers to retired employees of pensions or gratuities in addition to the annuities paid to such employees under this subchapter, nor shall this subchapter be taken as terminating any trust heretofore created for the payment of such pensions or gratuities. The annuity*, except a supplemental annuity under section 231a(b) of this title, of an individual shall not be reduced on account of any pension or gratuity paid by an employer* to such individual.
Source credit: (Aug. 29, 1935, ch. 812, § 16, as restated June 24, 1937, ch. 382, pt. I, 50 Stat. 307, as restated Pub. L. 93–445, title I, § 101, Oct. 16, 1974, 88 Stat. 1349.)
- 1935Enacted · Pub. L. 93-445 · 50 Stat. 307
A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-445 on 1935-08-29.
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