[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1871 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 1871

    To modify certain vesting requirements for Railroad Retirement 
                               annuities.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 16, 2001

Mr. Greenwood introduced the following bill; which was referred to the 
Committee on Transportation and Infrastructure, and in addition to the 
Committee on Ways and Means, for a period to be subsequently determined 
 by the Speaker, in each case for consideration of such provisions as 
        fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
    To modify certain vesting requirements for Railroad Retirement 
                               annuities.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That, notwithstanding 
any other provision of law--
            (1) an individual who would be eligible for an annuity 
        under section 2(a) of the Railroad Retirement Act of 1974 
        except for the failure to complete 10 years of service shall, 
        if that individual has completed 5 years of service, be 
        eligible for that portion of an annuity under section 2(a) of 
        that Act as is computed under section 3(b) of that Act, and
            (2) amounts received by an individual by reason of 
        paragraph (1) shall be treated as distributions from an 
        individual retirement plan (as defined in section 7701(a)(37) 
        of the Internal Revenue Code of 1986) of such individual for 
        purposes of section 408(d)(3)(A) of such Code, and section 
        408(d)(3)(B) of such Code shall not apply to such amounts.
                                 <all>