Celebrating the 19th Amendment/Closure Notices

On August 6, join AmericasTownHall virtual celebration "The 19th at 100!" Presented with All in Together, 19th News, the US National Archives, and presidential libraries, a group of women luminaries, and other leading figures will discuss the past, present, and future of women’s equality. The celebration occurs on August 6, 4:00 pm-6:00 pm PDT, to register for this free online event, please see the invitation at https://www.eventbrite.com/e/19th-amendment-past-present-and-future-tick...

LIBRARY CLOSURE

We're sorry. Due to the coronavirus public health emergency, the Ronald Reagan Presidential Library & Museum will be closed to the public beginning March 14th until further notice. This includes docents, volunteers and interns. We will continue to respond to written reference requests at reagan.library@nara.gov. Please check our website, reaganlibrary.gov or www.archives.gov/coronavirus  for updates on our operating hours and status.

All public events at the Reagan Library facilities are cancelled until further notice. This includes in-person public programs, tours, school group visits, public meetings, external conferences, and facility rentals. Where possible, we will conduct public events and outreach activities online and through virtual meetings. For online education information, please see our educational resources.

Notice to NARA Researchers and FOIA Requestors

Due to the COVID-19 pandemic and pursuant to guidance received from the Office of Management and Budget (OMB), NARA has adjusted its normal operations to balance the need of completing its mission-critical work while also adhering to the recommended social distancing for the safety of our staff.  As a result of this re-prioritization of activities, you may experience a delay in receiving an initial acknowledgment as well as a substantive response to your reference or FOIA request or appeal.  We apologize for this inconvenience and appreciate your understanding and patience.  Read more on how NARA is addressing COVID-19 (coronavirus) https://www.archives.gov/coronavirus

RESEARCHERS: Please see a "Letter to Researchers" from the Archivist of the United States for a further update.

 


 

Remarks on Signing the Railroad Retirement Solvency Act of 1983

August 12, 1983

Just a few months ago, there was legitimate alarm that the Railroad Pension System would soon run out of money. Without legislative action, rail industry pensions would have been reduced by 40 percent beginning this October. In addition, a second crisis has arisen. The Railroad Unemployment and Sickness Insurance System was so insolvent that the interest on its debt to the Rail Pension Fund would exceed its income. It was time to act and act in a spirit of bipartisan cooperation.

This bill will prevent the drastic rail pension reductions that would otherwise have been necessary to save the system from insolvency. According to the Railroad Retirement Board's actuary, it'll assure the solvency of the Railroad Pension System, at least until the end of the decade. This will be accomplished through real contributions and sacrifices on the part of all parties involved and through Federal participation.

In February, railroad labor and management requested financing changes that provided a sound starting point for designing a solution to the problem. The process of negotiation and compromise needed to devise legislation that would be acceptable to all parties involved railroad employees, railroad management, railroad retirees, and the American taxpayer, and it was long and arduous.

While recognizing the real contributions proposed by the rail-sector participants, Congressman Broyhill, Senator Hatch, and others joined the administration in pointing to the need for further improvements to make the bill fair and equitable to all involved. The Ways and Means Committee recognized the need for additional rail-sector contributions and for measures to address the Rail Unemployment and Sickness Program funding crisis. With the strong leadership of Chairman Rostenkowski, subcommittee chairmen Pickle and Ford, and the active cooperation of Representative Florio, major improvements were made in the bill. Without their important work and Senator Dole's prompt action in the Senate, we wouldn't be signing this bill today.

None of us would pretend that this bill is perfect. It is a compromise, a reconciliation of differences with a common concern for the need to assure timely payment of full rail pensions to 1 million railroad retirees, the majority of whom are elderly. But given the need for prompt action, it is acceptable to the administration.

While I would have preferred a bill that also resolves the long-term financing problems of the Railroad Unemployment and Sickness Program, this bill will at least put us on the road to real reform of that troubled system.

In the interest of all railroad retirees, I want to thank the people who played such an important role in the development of the legislation. There are so many people who deserve credit for this effort -- the members of the Energy and Commerce Committee, the Ways and Means Committee, the Senate Finance Committee, the Labor and Human Resources Committee; and the leadership of the Senate and the House and railroad labor and management were all instrumental. As was the case with the Social Security Commission, the spirit of bipartisanship displayed by all who were involved was the key to developing an acceptable solution.

And now I am pleased to sign the Railroad Retirement Solvency Act of 1983 into law.

Note: The President spoke at 10:15 a.m. in the Rose Garden at the White House. Attending the ceremony were Members of Congress and railroad management and union leaders.

As enacted, H.R. 1646 is Public Law 98 - 76, approved August 12.