September 2, 2014

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 [...]

Man admits to illegally collecting railroad retirement

BANGOR, Maine – Gerald E. Bailey, 68, of Pittston, Maine pled guilty on Tuesday, April 23 to charges of collecting pension that he was not entitled to. Bailey retired from Springfield Terminal Railway in 2004 and began receiving his pension payments from the Railroad Retirement Board (RRB). According to an affidavit filed by assistant U.S. [...]

Rail unemployment extended benefits to continue

The so-called fiscal cliff bill approved by the House and Senate Jan. 1 allows extended railroad unemployment benefits to continue through Dec. 31, 2013, with Congress appropriating $250,000 to the Railroad Retirement Board to administer those extended benefits under the Railroad Unemployment Insurance Act. The extension affects those railroaders out of work at least six [...]

Sandy victims: Expedited unemployment benefits

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For rail workers furloughed as a result of Hurricane Sandy, the Railroad Retirement Board (RRB) advises those victims may qualify for railroad unemployment benefits. Following a request by UTU International President Mike Futhey to RRB Labor Member Walt Barrows, the RRB has agreed to waive a time-consuming requirement that claims be verified by the carrier, thus [...]