45 USC 231o: Private pensions
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45 USC 231o: Private pensions Text contains those laws in effect on December 24, 2024
From Title 45-RAILROADSCHAPTER 9-RETIREMENT OF RAILROAD EMPLOYEESSUBCHAPTER IV-RAILROAD RETIREMENT ACT OF 1974
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§231o. Private pensions

Nothing in this subchapter shall be taken as restricting or discouraging payment by employers to retired employees of pensions or gratuities in addition to the annuities paid to such employees under this subchapter, nor shall this subchapter be taken as terminating any trust heretofore created for the payment of such pensions or gratuities. The annuity, except a supplemental annuity under section 231a(b) of this title, of an individual shall not be reduced on account of any pension or gratuity paid by an employer to such individual.

(Aug. 29, 1935, ch. 812, §16, as restated June 24, 1937, ch. 382, pt. I, 50 Stat. 307 , as restated Pub. L. 93–445, title I, §101, Oct. 16, 1974, 88 Stat. 1349 .)