July 24, 2014

New RRB labor member; NMB nominees await Senate

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WASHINGTON – A former secretary-treasurer of the Brotherhood of Railroad Signalmen – Walt Barrows – is the new labor member of the Railroad Retirement Board following his Senate confirmation Sept. 27. He succeeds Butch Speakman, who chose to retire. Barrows began his railroad career as a signalman with Norfolk & Western Railway (now part of [...]

RRB to withhold Medicare Parts C&D premiums

The Railroad Retirement Board will begin June 1 to withhold from benefits checks premiums for Medicare Part C (Medicare Advantage plans) and Medicare Part D (prescription drug plans). Withholding is voluntary, and beneficiaries should contact their plans to request withholding by the Railroad Retirement Board of these premiums from their monthly benefits payments. Part C [...]

RRB 2010 earnings forms to be mailed in June

The Railroad Retirement Board will mail to railroad workers in June their annual Certificate of Service Months and Compensation (Form BA-6), showing creditable railroad service and compensation for 2010. If you do not receive this Form BA-6 by July 1, or if you find the information to be incorrect or incomplete, contact your nearest Railroad [...]

RRB adjusts withholding for 140,000 annuitants

The Railroad Retirement Board reports it has adjusted benefits — effective with February benefits checks — for more than 140,000 beneficiaries to reflect new federal income tax withholding rates. The new rates comply with provisions of the congressionally passed Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. The new rates apply to [...]

Rail sickness benefits now available online

Rail workers may now file biweekly claims for railroad sickness benefits directly online with the Railroad Retirement Board. The agency said rail workers may now access this online service at www.rrb.gov by clicking on “Benefit Online Services.” The RRB implemented a similar system for unemployment benefits in 2004. First-time users must request a password request [...]

Rail Retirement benefits frozen for 2011

The Railroad Retirement Board has confirmed for rail workers what the Social Security Administration already has told Social Security recipients: There will be no increase in benefits in 2011. The reason is there was no increase in the Consumer Price Index (CPI) from the third quarter of 2009 to the corresponding period of the current [...]

RRB acts for impaired beneficiaries

The Railroad Retirement Board’s policy is that every annuitant has the right to manage his or her own benefits. However, when physical or mental impairments make a railroad retirement annuitant incapable of properly handling benefit payments, or where the Railroad Retirement Board (RRB) determines that the interests of the annuitant so require, the RRB can [...]

Rail Retirement finances remain strong

The Railroad Retirement Board (RRB) is required by law to submit annual 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 June, [...]

Proposal mandates electronic RRB checks

Paper checks may be a thing of the past for U.S. Railroad Retirement Board (RRB) beneficiaries who still receive them, under a recent initiative announced by the Department of the Treasury, according to the Railroad Retirement Board. One part of the Treasury initiative would eliminate the vast majority of paper checks for federal benefit payments [...]

RRB benefits subject to age reductions

Railroad retirement benefits are subject to reduction if an employee with less than 30 years of service retires before attaining full retirement age. While employees with less than 30 years of service may still retire at age 62, the age at which full retirement benefits are payable has been gradually increasing since the year 2000, [...]