May 30, 2016

RRB: Railroad Retirement age reductions Q&A

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, […]

Q & A – Comparison of benefits under Railroad Retirement and Social Security

Employers and employees covered by the Railroad Retirement Act pay higher retirement taxes than those covered by the Social Security Act, so that railroad retirement benefits remain higher than social security benefits, especially for “career” employees who have 30 or more years of service. The following questions and answers show the differences in railroad retirement […]

Railroad Retirement spouse and widows’ annuities

Railroad Retirement Act spouse and widow(er)s’ annuities (including divorced spouse, surviving divorced spouse and remarried widow(er)s’ annuities) are subject to reduction when social security benefits or dual railroad retirement annuities are also payable. Such railroad retirement benefits may also be reduced when a spouse or widow(er) is entitled to a public service pension unless certain […]

Acting for impaired Railroad Retirement beneficiaries

According to Railroad Retirement Board (RRB) policy, 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 RRB determines that the interests of the annuitant so require, the agency can appoint a representative […]

Benefits for Railroad Retirement employees

The Railroad Retirement Board (RRB) administers the Railroad Unemployment Insurance Act, which provides two kinds of benefits for qualified railroaders: unemployment benefits for those who become unemployed but are ready, willing and able to work; and sickness benefits for those who are unable to work because of sickness or injury. Sickness benefits are also payable […]

Federal income tax and Railroad Retirement benefits

The following questions and answers describe the tax statements issued by the Railroad Retirement Board (RRB) each January for federal income tax purposes. Railroad retirement beneficiaries needing information about these statements, or about tax withholding from their benefits, should contact an office of the RRB. For further federal income tax information, railroad retirement beneficiaries should […]

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. […]

Amtrak’s future crucial to Rail Retirement financing

Stem “Every Amtrak employee should be placed in a productive position that supports the needs of customer service and managed growth of operations,” UTU National Legislative Director James Stem told Congress Nov. 28. “Amtrak operating crews are among the most productive workers in that system and our members are ready and eager to work,” he […]

UTU political strength praised in retirement fight

Among the numerous political challenges facing working families is preservation of Railroad Retirement and Social Security, which are both under attack by political conservatives. As the UTU’s Portland, Ore., regional meeting commenced June 18, the labor member of the Railroad Retirement Board, Walt Barrows (pictured at left) told attendees, “You can be very proud of your […]

Vigilance key to protecting pension benefits

By UTU International President Mike Futhey –  Railroaders should not lose sleep over a rumor that Congress will cut Railroad Retirement benefits. The rumor began after language was inserted in a budget report by conservative Rep. Paul Ryan (R-Wis.) suggesting the federal deficit could be cut by eliminating certain Railroad Retirement benefits. He did not […]