Sec. 705. election and treatment of benefits
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/statute-compilations/comps-1802/sec-705A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## Sec. 705 election and treatment of benefits ###
(a)Election ####
(1)Any employee who accepts any benefits under an agreement entered into under section 701 of this Act or a termination allowance under section 702 of this Act, shall, except as provided in paragraph
(2)of this subsection, be deemed to waive any employee protection benefits otherwise available under any other provision of law or any contract or agreement in effect on the effective date of this title, except benefits under sections 703 and 704 of this Act, and shall be deemed to waive any cause of action for any alleged loss of benefits resulting from the provisions of or the amendments made by the Northeast Rail Service Act of 1981. ####
(2)Nothing in paragraph
(1)of this subsection shall affect the right of any employee described in such paragraph to benefits under the Railroad Retirement Act of 1974 or the Railroad Unemployment Insurance Act. ###
(b)Treatment of Benefits Any benefits received by an employee under an agreement entered into pursuant to section 701 of this Act and any termination allowance received under section 702 of this Act shall be considered compensation solely for purposes of— ####
(1)the Railroad Retirement Act of 1974 (45 U.S.C. 231 et seq.); and ####
(2)determining the compensation received by such employee in any base year under the Railroad Unemployment Insurance Act (45 U.S.C. 351 et seq.). **[**[45 U.S.C. 797d](/us/usc/t45/s797d)**]**
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