An act to amend the Railroad Retirement Act of 1974 to extend certain cost-of-living increases.

[AI summary unavailable — showing source text] Amends the Railroad Retirement Act of 1974 to extend, for one year, cost-of-living increases for railroad employee annuitants and to place related financial interchange between the Railroad Retirement Account and the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, and the Federal Hospital Insurance Trust Fund on a current basis (relating to the source or payment of benefits to railroad employee annuitants). Directs the Railroad Retirement Board, by February 15, 1981, to submit to the Senate Committee on Labor and Human Resources and the House Committee on Interstate and Foreign Commerce a report containing: (1) proposals affecting the income received by and the expenditures made from the Railroad Retirement Account; and (2) statements as to the cost impact of each such proposal.…