November 1, 2014

Medicare Part B premiums remain the same in 2015

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The standard Medicare Part B monthly premium will be $104.90 in 2015, the same amount as in 2014. Some beneficiaries will continue to pay higher premiums based on their modified adjusted gross income, but these amounts are also remaining the same as in 2014. The monthly premiums that include income-related adjustments for 2015 will be [...]

Barrows named for second term as RRB labor member

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President Barack Obama announced Oct. 8 his intent to nominate Walter A. Barrows to a second term as the labor member to the U.S. Railroad Retirement Board. His nomination must be confirmed by the U.S. Senate. Obama first nominated Barrows as the board’s labor member in 2011. His appointment was confirmed by the Senate on [...]

Credit for military service under the RRA

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Many railroad employees have at some time served in the Armed Forces of the United States. Under certain conditions, their military service may be credited as rail service under the Railroad Retirement Act. The following questions and answers provide information on how military service may be credited towards railroad retirement benefits. 1. Under what conditions [...]

RRB submits annual financial reports to Congress

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The Railroad Retirement Board (RRB) is required by law to submit annual financial reports to Congress on the financial condition of the railroad retirement system and the railroad unemployment insurance system. These reports must also include recommendations for any financing changes which may be advisable in order to ensure the solvency of the systems. In [...]

RRB announces additional pre-retirement seminars

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Additional locations have now been added to the U.S. Railroad Retirement Board’s (RRB) schedule of Pre-Retirement Seminars for railroad employees and their spouses. Designed for railroad employees and spouses planning to retire within five years or less, the seminars will familiarize attendees with the retirement benefits available to them, and also guide them through the [...]

RRB annuitants: Laws about working after retirement

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Retirees, and those planning retirement, should be aware of the railroad retirement laws governing benefit payments to annuitants who work after retirement. The following questions and answers describe these railroad retirement work restrictions and earnings limitations on post-retirement employment, and how these rules can affect retirees engaging in self-employment. To protect the integrity of its [...]

RRB discusses Medicare for railroad families

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The federal Medicare program provides hospital and medical insurance protection for railroad retirement annuitants and their families, just as it does for social security beneficiaries. Medicare has the following parts: Medicare Part A (hospital insurance) helps pay for inpatient care in hospitals and skilled nursing facilities (following a hospital stay), some home health care services, [...]

RRB announces pre-retirement seminars

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Railroad employees and their spouses closing in on retirement will be able to learn the latest benefit information and application requirements as part of a new program announced by Labor Member of the U.S. Railroad Retirement Board Walter A. Barrows. Designed for railroad employees and spouses planning to retire within five years, the new Pre-Retirement [...]

Anthony nominated as RRB management member

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President Barack Obama Sept. 24 nominated Steven Anthony as the management member of the U.S. Railroad Retirement Board, replacing Jerome F. Kever, whose term is expiring. Anthony’s appointment will require Senate confirmation. Anthony most recently served as senior general counsel and secretary for the Norfolk Southern Corporation from 2007 to 2012. Previously, he was a [...]

Applying for a Railroad Retirement annuity

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Railroad employees who are planning to retire should be aware of what steps to take and what documents are required when applying for an annuity from the Railroad Retirement Board (RRB). Being prepared can prevent needless delays and ensure that payments from the RRB begin as soon as possible after retirement. The following questions and [...]