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Railroad Retirement and Survivors' Improvement Act of 2001

Introduced: April 4, 2001 See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 4, 2001
Read twice and referred to the Committee on Finance.
Apr 4, 2001
Sponsor introductory remarks on measure. (CR S3448-3450)
Apr 4, 2001
Introduced in Senate
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 Plain-English summary Congressional Research Service
Railroad Retirement and Survivors' Improvement Act of 2001 - Amends the Railroad Retirement Act of 1974 to increase benefits to railroad employees and their beneficiaries and to revise financing of the pension part (tier II) of the railroad retirement system.

Establishes a Railroad Retirement Trust Fund and a Railroad Retirement Investment Trust to manage and invest Fund assets. Abolishes the Railroad Retirement Supplemental Annuity Account and provides for transfer of its funds to the Fund. Provides for transfer to the Fund of certain portions of the Railroad Retirement Account and of Social Security Equivalent Benefit account funds. Transfers to the disbursing agent from the Dual Benefits Payments Account the amount necessary to make dual benefit payments.

Requires the Railroad Retirement Board (RRB) to calculate the ratio of assets to benefits to determine annual tier II tax rates for employers, employee representatives, and employees.

Amends the Internal Revenue Code to exempt the Fund from taxation. Repeals a supplemental annuity tax that railroad employers pay to finance a benefit for long-time rail employees. Provides for adjustments to railroad employers, employee representatives, and employee tier II tax rates.

What's happening now April 4, 2001

Read twice and referred to the Committee on Finance.

 Related & companion bills 2
  • HR 180 Related bill Railroad Retirement and Survivors' Improvement Act of 2001
  • HR 1140 Related bill Railroad Retirement and Survivors' Improvement Act of 2001
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 8
All 8 Democratic 5 Republican 3
R
McConnell, Mitch
Kentucky · Jun 12, 2001
 D
Cantwell, Maria
Washington · May 14, 2001
 D
Murray, Patty
Washington · Apr 6, 2001
 D
Reed, Jack
Rhode Island · Apr 5, 2001
 R
Collins, Susan M.
Maine · Apr 4, 2001
 R
Crapo, Mike
Idaho · Apr 4, 2001
 D
Durbin, Richard J.
Illinois · Apr 4, 2001
 D
Schumer, Charles E.
New York · Apr 4, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). S. 697: Railroad Retirement and Survivors' Improvement Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-S-697/
MLA
"S. 697: Railroad Retirement and Survivors' Improvement Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-697/.
Bluebook (legal)
S. 697, 107th Cong. (2026), https://openamerica.io/bill/107-S-697/.
Markdown link
[S. 697: Railroad Retirement and Survivors' Improvement Act of 2001](https://openamerica.io/bill/107-S-697/)
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