| This is the determination of the Railroad
Retirement Board concerning the continuing status of Santa Fe Terminal
Services, Inc. (SFTS) (B.A. No. 4774) as an employer under the Railroad
Retirement Act (45 U.S.C. § 231, et seq.) (RRA) and the Railroad
Unemployment Insurance Act (45 U.S.C. § 351, et seq.) (RUIA). SFTS
was ruled to be an employer under the RRA and RUIA effective January
2, 1974.
Mr. Alan M. Annis, Assistant
Director of Taxes for the Burlington Northern and Santa Fe Railway
Company, reported that SFTS business activities ceased in the early
1990’s. He further advised that SFTS is a corporate shell and
has no employees and no on-going operations. He has no information
on the exact date on which business activities ceased and he advised
that there is no information available as to the disposition of any
SFTS assets. RRB records show that the last report of employee compensation
for SFTS was for the fourth quarter of 1992.
Based on the information set forth above, it is
the determination of the Railroad Retirement Board that Santa Fe Terminal
Services, Inc. ceased being an employer covered under the RRA and
RUIA as of the close of business on December 31, 1992, the last day
of the last year in which its employees were reportedly compensated.
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