Page images
PDF
EPUB

"(5) with respect to wages received during the calendar years 1969 to 1971, both inclusive, the rate shall be 44 percent; and

"(6) with respect to wages received after December 31, 1971, the rate shall be 4% percent.'

TAX ON EMPLOYERS

(c) Section 3111 of such Code (relating to rate of tax on employers under the Federal Insurance Contributions Act) is amended to read as follows:

"SEC. 3111. RATE OF TAX.

"In addition to other taxes, there is hereby imposed on every employer an excise tax, with respect to having individuals in his employ, equal to the following percentages of the wages (as defined in section 3121(a)) paid by him with respect to employment (as defined in section 3121(b))—

"(1) with respect to wages paid during the calendar year 1961, the rate shall be 3 percent;

"(2) with respect to wages paid during the calendar year 1962, the rate shall be 34 percent;

"(3) with respect to wages paid during the calendar years 1963 to 1965, both inclusive, the rate shall be 334 percent;

"(4) with respect to wages paid during the calendar years 1966 to 1968, both inclusive, the rate shall be 44 percent;

"(5) with respect to wages paid during the calendar years 1969 to 1971, both inclusive, the rate shall be 44 percent; and

"(6) with respect to wages paid after December 31, 1971, the rate shall be 4% percent.'

TITLE IV-MISCELLANEOUS PROVISIONS

DECLARATION OF POLICY ON RAILROAD RETIREMENT AND CIVIL SERVICE ANNUITANTS

SEC. 401. It is hereby declared to be the policy of the Congress in enacting this Act to include as many retired people as possible under the type of program established by this Act and to provide that their benefits should, to the extent possible, be financed by contributions made by them (and their employers) during their working years. To further this policy, the Congress should take action as soon as possible to make available to persons receiving annuities under the Railroad Retirement Act and the Civil Service Retirement Act a program under which such individuals can obtain the same type of services made available by this Act to those who are receiving old-age and survivors insurance benefits.

STUDY OF HEALTH NEEDS OF INDIVIDUALS

Sec. 402. Section 702 of the Social Security Act is amended by inserting "(a)” after "702"; by adding at the end thereof the following new subsection:

"(b) The Secretary shall conduct a continuing study and investigation of the health needs of individuals who have reached retirement age, and the means by which such needs may most effectively and efficiently be met. In connection with such study and investigation, the Secretary shall institute and conduct appropriate demonstration programs relating to the health needs of such individuals and the manner and means by which such needs may be fulfilled. The Secretary is authorized to provide for the carrying on of such research studies pertaining to health care and the administration of such care as may be recommended by the advisory council designated pursuant to section 226(f). Such research studies may be carried on directly by the Department of Health, Education, and Welfare, by others under contracts negotiated for, or grants made by the Secretary for, such purpose."

SEC. 403. As used in the provisions of the Social Security Act, amended by this Act, the term "Secretary" means the Secretary of Health, Education, and Welfare.

ELIMINATING AGE DISCRIMINATION IN EMPLOYMENT

A BILL To eliminate discriminatory employment practices for reasons of age, by Federal Government contractors and subcontractors.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SHORT TITLE

SECTION 1. This Act may be cited as the "Equality of Employment Opportunity for Older Workers Act."

FINDINGS OF FACT

SEC. 2. (a) The Congress finds and declares that ability, and not age; should be the criterion for the hiring and retaining of employees; that discriminatory personnel practices with regard to age are often arbitrary and capricious and bear no relevance to the ability of the individual concerned to perform satisfactorily the work or services in question; and that with an increasingly aging population in the work force such practices have now become a matter for public concern.

(b) The Congress further finds and declares that the practice of arbitrarily denying employment opportunities to large segments of our population, solely because of age, constitutes an unnecessary waste of human resources; that such practice constitutes an injustice to those who are denied employment opportunities because of it, many of whom are thereby deprived of the means of satisfying the basic necessities of life for themselves and their families; and that the hardships occasioned by such practice places an unnecessary and unreasonable burden upon the taxpayers of the Nation who must render assistance to those who are the victims of it.

POLICY

SEC. 3. It is therfore the policy of the Congress that the practice of arbitrary denial of employment opportunities to individuals solely because of age be eliminated, and that, in considering individuals for employment, employers should be governed, not by the age of the individual concerned, but by considerations of his qualifications to perform satisfactorily the work or services in question.

GOVERNMENT CONTRACTS

SEC. 4. (a) The President is authorized and directed to adopt such measures and establish such procedures, governing the terms and conditions under which contracts and subcontracts in behalf of the United States may be entered into, as may be necessary or appropriate to insure that persons furnishing goods or services to the United States be required to observe personnel policies for all applicants and employees aged twenty-five through sixty-four, which are in accord with the policy set forth in section 3 of this Act; except that the President may promulgate regulations exempting from the application of such measures or procedures certain types of categories of contracts when he determines that the national interest so requires.

(b) The President is authorized and directed to require compliance with the policy set forth in section 3 of this Act as a condition of approving Government contracts and subcontracts.

LABOR-MANAGEMENT CONFERENCES

SEC. 5. The Secretary of Labor shall from time to time organize and hold, in various geographical areas of the United States, conferences between labor or other employee organizations and management, for the purpose of considering possible measures of implementing the policy set forth in section 3 of this Act, and for disseminating information concerning the work performance ability of older workers.

STUDIES AND REPORTS

SEC. 6. The Secretary of Labor shall conduct from time to time (but not less often than once each two years) studies of the progress which has been realized in implementing and complying with the policy set forth in section 3 of this Act, and shall submit to the Congress a report containing the results of such studies, together with his recommendations with respect to such policy and the further implementation thereof.

CONSTANT PURCHASING POWER BONDS

A BILL To assist individuals to obtain retirement benefits protected against increases in the cost of living by providing for the issuance by the Treasury of a new series of bonds containing adjustments, under certain conditions, in maturity and redemption values to compensate for increases in the cost of living which may be purchased by individuals and eligible institutions.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Second Liberty Bond Act, as amended, is amended by adding at the end thereof the following new section:

"SEC. 26. (a) The Secretary of the Treasury is authorized and directed to issue, for purchase only by individuals and eligible institutions (as defined in subsection (b) (2)), United States bonds which shall, in the manner and to the extent provided by this section, compensate the holders of such bonds for increases in the cost of living occurring after the date of purchase of such bonds. The various issues and series of bonds issued under the authority of this section shall be in such forms, shall be offered in such amounts (subject to the limitation imposed by section 21 of this Act), and shall be issued in such manner and subject to such terms and conditions consistent with this section, as the Secretary of the Treasury may from time to time prescribe. Except as otherwise provided in this section, bonds issued under authority of this section for purchase by individuals shall be subject to all provisions of law (including this Act) applicable in the case of bonds issued under authority of section 22 of this Act, and bonds issued for purchase by eligible institutions shall be subject to all provisions of law (including this Act) applicable in the case of bonds issued under authority of the first section of this Act.

"(b) For purposes of this section

"(1) The term 'approved pension or profit-sharing plan' means a pension plan, or a profit-sharing plan the primary purpose of which is to provide retirement benefits for employees and benefits for their beneficiaries, which

"(A) meets the requirements of sections 401(a) (3), (4), (5), and (6) of the Internal Revenue Code of 1954, and

"(B) is approved by the Secretary of the Treasury, under regulations prescribed by him, as providing satisfactory periodical adjustments of benefits under such plan to compensate for increases in the cost of living.

The adjustments under subparagraph (B) must be required under the plan to be made at least annually and not more frequently than quarterly.

"(2) The term 'eligible institution' means—

"(A) a trust described in section 401 (a) of the Internal Revenue Code of 1954 and exempt from tax under section 501 (a) of such Code which is a part of a pension or profit-sharing plan of an employer, and

"(B) a life insurance company (as defined in section 801(a) of the Internal Revenue Code of 1954) which has obligations under contracts described in sections 805(d)(1) (A), (B), (C), and (D) of such Code.

"(c) Bonds issued under authority of subsection (a)—

"(1) may be issued on an interest-bearing basis or, in the case of bonds issued for purchase by individuals, on a discount basis or on a combination interest-bearing and discount basis;

"(2) shall mature twenty years from the date as of which issued;

"(3) shall be sold at such price or prices, and may be redeemed before maturity, upon such terms and conditions as the Secretary of the Treasury may prescribe;

"(4) shall provide an interest rate (or in the case of bonds issued at a discount, an investment yield) which is the same as that provided for savings bonds issued under section 22 of this Act;

"(5) shall be issued in such denominations, expressed in terms of their maturity values, as the Secretary of the Treasury from time to time determines fulfills the needs of individuals and eligible institutions;

"(6) may, under regulations prescribed by the Secretary of the Treasury with the approval of the President, be retained after maturity by their owners and continue to yield interest at rates consistent with the provisions of paragraph (4);

"(7) shall be nontransferable; and

"(8) may be purchased only by or for individuals and eligible institutions. "(d) (1) The amount of bonds issued under authority of subsection (a) which may be purchased by or for an individual in any one year shall not exceed $10,000

(computed with respect to the issue price). The total amount of such bonds which may be held by or for an individual at any time shall not exceed $60,000 (computed with respect to the issue price).

"(2) The total face amount of bonds issued under authority of subsection (a) which may be held at any time by an eligible institution shall not exceed—

"(A) in the case of an eligible institution which is a trust described in section 401 (a) of the Internal Revenue Code of 1954, an amount (determined under regulations prescribed by the Secretary of the Treasury) necessary to meet obligations of the trust under an approved pension or profit-sharing plan; and

"(B) in the case of an eligible institution which is a life insurance company, an amount equal to the pension plan reserves which are allocable to contracts described in sections 805 (d) (1) (A), (B), (C), and (D) of the Internal Revenue Code of 1954 which are purchased or provided under an approved pension or profit-sharing plan.

"(e) (1) Subject to the conditions prescribed in paragraphs (2) and (3), upon the surrender at or after maturity, or upon redemption before maturity, of a bond issued under authority of subsection (a), of the Consumer Price Index (as published by the Secretary of Labor) for the month preceding the month in which such bond is surrendered or redeemed exceeds the Consumer Price Index for the month in which such bond was issued, there shall be paid to the holder of such bond (in lieu of the amount otherwise payable with respect to such bond without regard to the provisions of this paragraph) an amount determined—

"(A) by multiplying the amount otherwise payable with respect to such bond by the Consumer Price Index for the month preceding the month in which such bond is surrendered or redeemed, and

"(B) by dividing the product obtained under subparagraph (A) by the Consumer Price Index for the month in which such bond was issued.

"(2) Paragraph (1) shall apply with respect to a bond purchased by or for an individual only if such individual

"(A) before the month in which such bond is surrendered or redeemed, has attained the age of sixty years or has died after attaining the age of sixty years, or

"(B) after the purchase of such bond, has become disabled or has died after becoming disabled. For purposes of this paragraph, in the case of a bond purchased by or for two individuals as joint owners or as co-owners, any condition prescribed in subparagraph (A) or (B) shall be satisfied with respect to such bond if such condition is satisfied by either of such individuals. For purposes of subparagraph (B), an individual shall be considered to be disabled only if he is unable to engage in any substantial gainful activity by reason of a medically determinable physical or mental impairment which can be expected to result in death or to be of longcontinued and indefinite duration, and if proof of the existence thereof is furnished in such form and manner as the Secretary of the Treasury may require. "(3) Paragraph (1) shall apply with respect to a bond purchased by an eligible institution only if

"(A) such bond is held to maturity, or

661 (B) in the case of a bond redeemed before maturity, the eligible institution establishes to the satisfaction of the Secretary of the Treasury that such redemption is necessary to enable the eligible institution to fulfill obligations described in subsection (d) (2) (A) or contracts described in subsection (d) (2) (B).”

SEC. 2. Section 21 of the Second Liberty Bond Act, as amended, is amended by adding at the end thereof the following new sentence: "For purposes of this section, the face amount of obligations issued under authority of section 26 shall be determined without regard to the provisions of subsection (e) of such section.'

A SENIOR CITIZENS SERVICE TRAINING PROGRAM

A BILL To provide for the establishment of a senior citizens service training program.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SHORT TITLE

SECTION 1. This Act may be cited as the "Senior Citizens Service Training Program Act."

FINDINGS OF FACT AND DECLARATION OF PURPOSE

SEC. 2. (a) The Congress finds and declares that, within the large number of retired Americans, there are thousands of men and women who are able and willing to make significant contributions to the civic development of their communities and Nation, and who constitute a vast reservoir of manpower capable of being trained or retrained for currently unfilled roles in the broad area of occupations which obtain in the fields of health, education, and welfare; that, by assisting and encouraging retired Americans to perform on a part-time basis occupational roles (whether presently in existence or yet to be created) in such fields, the Federal Government, in cooperation with State and local governments and civic-minded organizations, cannot only greatly contribute to the general civic development of the Nation, but also to the restoration of dignity and of a meaningful life to our otherwise retired population.

(b) It is therefore the purpose of this Act to provide for the training or retraining of retired Americans for part-time occupational roles in the broad area of health, education, and welfare so as to enable them to lead more active and meaningful lives and, at the same time, to alleviate the existing shortage of personnel in this area of community service occupations.

MANPOWER SURVEYS

SEC. 3. (a) The Secretary of Health, Education, and Welfare (hereinafter referred to as the "Secretary") shall conduct manpower surveys, on a regional basis, within the fields of health, education, and welfare with a view to determining the kind and extent of part-time employment opportunities within such fields which are available to retired individuals. In carrying out such surveys, the Secretary shall cooperate with the Secretary of Labor, and shall have authority to utilize, on a reimbursable basis, such of the personnel and facilities of the Department of Labor, or of any other department or agency of the Government, as he deems necessary or desirable.

(b) On the basis of data collected by or made available to him as a result of such surveys or otherwise, the Secretary shall publish and disseminate among retired individuals and appropriate officials, groups, agencies, and organizations, within each region of the United States, information relating to

(1) the kinds of positions within the fields of health, education, and welfare which are available within such region to retired individuals;

(2) the number of each kind of such positions which are so available; and (3) the training required to qualify for such positions.

TRAINING PROGRAMS

SEC. 4. (a) The Secretary shall, from time to time and in cooperation with State and local governments and civic organizations, establish and conduct, within the various regions of the United States, occupational training programs which are designed to qualify retired individuals living within such regions for locally available positions in the fields of health, education, and welfare.

(b) In determining whether to establish and conduct one or more training programs within any particular region of the United States, the Secretary shall be guided by the following considerations:

(1) The number of positions within the fields of health, education, and welfare (within such region) which would be available to retired individuals, if properly qualified;

(2) The number of retired individuals desiring to participate in any such training program; and

(3) The type and extent of training required to qualify such individuals for such positions.

« PreviousContinue »