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CED-80-16 1 (1979-12-05)

handle is hein.gao/gaobabaaw0001 and id is 1 raw text is: REPORT BY THE Comptroller General OF THE UNITED STATES Employee Protection Provisions Of The Rail Act Need Change Title V of the Regional Rail Reorganization Act authorized a $250 million fund to pay workers whose compensation or working con- ditions were adversely affected by the reorga- nization of bankrupt railroads into Conrail. It is expected that the fund will be depleted in late 1979; however, the law requires em- ployers to continue paying eligible em- ployees. After more than 3 years, the program has shown that costs will extend far beyond original expectations. Estimates of the even- tual cost range from $884 million to $1.7 billion. However, none of the estimates could be used confidently to predict total cost, and GAO recommends that a better estimate be made. One of the factors that makes the program costly is the length of time employees are eli- gible. Title V gives employees protection to age 65 while other federally funded plans limit protection to 6 years. GAO is recom- mending, among other things, that the law be revised. Zs2 o 80 9 111100 CED-80-16 DECEMBER 5, 1979 b'a4

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