A bill to amend the Regional Rail Reorganization Act of 1973 to provide a payment for certain protected employees to insure that such employees were not disadvantaged between April 1 and September 30, 1976, with respect to preretirement life and medical insurance benefits.

[AI summary unavailable — showing source text] Amends the Regional Rail Reorganization Act of 1973 to direct the Consolidated Rail Corporation to pay specified employees a sum in compensation for disadvantages incurred with respect to any voluntary relief plan benefits or pre-retirement benefits provided under any life or medical insurance plan. Excludes such sum from the aggregate amount of paid-out benefits reimbursable by the Railroad Retirement Board.…