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45 U.S.C. § 231oPrivate pensions

submitted 91 years ago by Pub. L. 93-445 to r/title-45-RAILROADS · 87 words · no verdicts yet

in plain englishAI-generated · not legal advice

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.

This section is one undivided provision, with no lettered subsections. Nothing in this subchapter stops or discourages an employer from paying a retired employee a pension or gratuity in addition to the annuity that employee already gets under this subchapter. Nothing in this subchapter ends any pension or gratuity trust that an employer had already created before this law existed. A person's annuity under this subchapter cannot be reduced because an employer also pays that person a pension or gratuity — with one exception: this protection does not cover the "supplemental annuity" described in section 231a(b), so a supplemental annuity can still be affected by an employer pension.
the actual law source: uscode.house.gov ↗public domain

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.)

history & why it existsrecord from the source credit
  • 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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