[Code of Federal Regulations]

[Title 20, Volume 1]

[Revised as of April 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 20CFR323.2]



[Page 557]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 323_NONGOVERNMENTAL PLANS FOR UNEMPLOYMENT OR SICKNESS INSURANCE

--Table of Contents

 

Sec.  323.2  Definition of nongovernmental plan for unemployment or 

sickness insurance.



    A nongovernmental plan for unemployment or sickness insurance is a 

benefit plan, program or policy that is in the nature of insurance and 

is designed and established by an employer for the purpose of 

supplementing the benefits that an employee of such employer may receive 

under the Railroad Unemployment Insurance Act during a period of 

unemployment or sickness. A nongovernmental plan may be established by 

labor-management agreement or by unilateral employer action. Payments 

under such plans are referred to as supplemental unemployment benefits 

(SUB pay) or supplemental sickness benefits, rather than as wages, 

salary or pay for time lost, because their inherent nature is to 

supplement benefit payments under the Railroad Unemployment Insurance 

Act rather than to replace or duplicate such payments.