Minnesota Session Laws - 1983, Regular Session

  

                         Laws of Minnesota 1983 

                       RESOLUTION 4--S.F.No. 1195
 A resolution memorializing the United States Congress 
to vote favorably on the bill H.R. 1646, the Railroad 
Retirement Solvency Act of 1983. 
    WHEREAS, many residents of the State of Minnesota are 
currently engaged in railroad employment or have engaged in such 
employment in the past and look to the railroad retirement 
system to provide benefits when they retire; and 
    WHEREAS, many residents of the State of Minnesota are 
currently receiving benefits under the railroad retirement 
system and rely on such benefits to a large extent to meet the 
normal costs of living; and 
    WHEREAS, any reduction in the amount of benefits received 
by beneficiaries under the railroad retirement system would have 
a drastic affect on the ability of these beneficiaries to meet 
normal living expenses; and 
    WHEREAS, projections of the financial condition of the 
railroad retirement system show that unless corrective action is 
taken, monthly annuities will have to be reduced significantly 
beginning with the annuity checks to be sent out October 1, 
1983, with additional reductions required in the future; and 
    WHEREAS, a bill, H.R. 1646, titled the Railroad Retirement 
Solvency Act of 1983, was introduced in the United States House 
of Representatives on February 24, 1983, by Mr. Florio; and 
    WHEREAS, H.R. 1646 would resolve the short-term and 
long-term financial problems of the railroad retirement system, 
through an even-handed approach of tax increases on railroad 
employers and employees and adjustments of benefits to current 
and future beneficiaries, thereby preserving and protecting the 
rights and expectations of those currently receiving benefits 
and those who would receive such benefits in the future; NOW, 
THEREFORE, 
    BE IT RESOLVED by the Legislature of the State of Minnesota 
that the members of Congress should vote favorably on H.R. 1646, 
the Railroad Retirement Solvency Act of 1983. 
    BE IT FURTHER RESOLVED that the Secretary of State of the 
State of Minnesota is directed to prepare certified copies of 
this resolution and transmit them to the President and Secretary 
of the United States Senate, the Speaker and Chief Clerk of the 
United States House of Representatives, and to the Senators and 
Representatives in Congress from Minnesota. 
    Approved April 22, 1983