((a)) ** Authorization; time for agreement; use of funds** The Secretary and the representatives of the various classes and crafts of employees of the Rock Island Railroad shall, not later than 90 days after , enter into an agreement providing protection for employees of the Rock Island Railroad who are adversely affected as a result of a reduction in service by such Railroad. Such agreement may provide for the use of funds described in subsection (c) of this section for the following purposes:

((1)) Subsistence allowances to employees.

((2)) Moving expenses for employees who must make a change in residence.

((3)) Retraining expenses for employees who are seeking employment in new areas.

((4)) Separation allowances for employees.

((5)) Health and welfare insurance premiums.

((6)) Such other purposes as may be agreed upon by the parties.

((b)) ** Failure to reach agreement; benefit schedule** If the parties are unable to reach agreement within the time period specified in subsection (a) of this section, the Secretary shall, within 30 days after the expiration of such time period, prescribe a schedule of benefits for employee protection not inconsistent with the provisions of this chapter.

((c)) ** Limitations on funds** Any agreement entered into under subsection (a) of this section, and any benefit schedule prescribed under subsection (b) of this section, shall not require the expenditure of funds in excess of amounts authorized to be appropriated under , nor shall any individual employee receive benefits in excess of $20,000 under such agreement or benefit schedule. No benefits or assistance may be provided under any agreement entered into or benefit schedule prescribed under this section after .section 727(f)(1)(C) of this titleApril 1, 19841984-04-01

((d)) ** Administration of funds; promulgation of regulations** The Board shall, in such manner as it shall prescribe by regulation, administer the distribution of funds under any agreement entered into or benefit schedule prescribed under this section, and shall determine the amount for which each employee is eligible under such agreement or benefit schedule. Such regulation shall include procedures to resolve by final and binding arbitration any dispute over an employee’s eligibility or claim.