Viewing page 84 of 127

This transcription has been completed. Contact us with corrections.

-43-

GENERAL

94. Q. Who would administer the Air Line Pilots' Retirement System?

A. The Railroad Retirement Board.

95. Q. Why should the Railroad Retirement Board administer the Air Line Pilots' Retirement System?

A. The Railroad Retirement Board has been engaged for about 12 years in the administration of the Railroad Retirement Act and has accumulated a great fund of experience with respect to the problems involved in operating retirement systems. The Railroad Retirement Act provides for retirement annuities and survivor annuities which are substantially similar to those provided in the Air Line Pilots' Retirement System. Many of the problems involving disabilities of engineers and conductors are similar to those resulting from the disqualifications applicable to pilots. Most of the problems of an Air Line Pilots' Retirement System, therefore, would not be new to the Railroad Retirement Board.

96. Q. Where is the Railroad Retirement Board?

A. The Railroad Retirement Board has its head office in Chicago, but it has regional offices in Atlanta, New York, Cleveland, Dallas, Kansas City, Minneapolis, Denver, and San Francisco, as well as in Chicago, and local offices in 80 other cities. It already has an organization which could handle many of the pilots' problems. A small staff specializing on pilots' work would have to be added, of course. The Railroad Retirement Board could operate a system far more economically than could an agency whose only job was to operate an Air Line Pilots' Retirement System.