45 U.S.C. § 404 — Temporary increase in employers’ contribution rate
submitted 65 years ago by Pub. L. 87-7 to r/title-45-RAILROADS · 64 words · no verdicts yet
For about two years — from 1962 through 1963 — employers under the Railroad Unemployment Insurance Act had to pay a contribution rate of 4 percent, instead of the usual rate.
Normally, section 358(a) of this title sets the contribution rate employers must pay under the Railroad Unemployment Insurance Act.
This law temporarily overrides that rate. For compensation paid after December 31, 1961, and before January 1, 1964, every employer covered by the Railroad Unemployment Insurance Act had to pay a contribution rate of 4 percent instead.
Notwithstanding the provisions of section 358(a)2 1 of this title, the rate of contribution required to be paid under the Railroad Unemployment Insurance Act [45 U.S.C. 351 et seq.] by every employer as defined in such Act shall be 4 per centum with respect to compensation as defined in such Act, paid after December 31, 1961, and before January 1, 1964.
Source credit: (Pub. L. 87–7, § 5, Mar. 24, 1961, 75 Stat. 17.)
- 1961Enacted · Pub. L. 87-7 · 75 Stat. 17
A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-7 on 1961-03-24.
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