April 18, 2014

Federal income tax and Railroad Retirement benefits

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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

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

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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

Mike Futhey

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 [...]

Railroad Retirement benefits not in danger

Railroad retirees and current rail workers should not be losing sleep over the much-hyped rumor that Congress is going to abolish Railroad Retirement, cut Railroad Retirement benefits or otherwise do harm to a system supported financially entirely by carriers and labor since its inception during the 1930s. Recent language in a House Budget Committee report — [...]

Conservatives pressing attack on working families

U.S. Capitol Building; Capitol Building; Washington D.C.

Public transportation funding, transportation jobs, workplace safety, Railroad Retirement and Medicare are under a mean-spirited and sustained attack by congressional conservatives who are trying to muscle their agenda through Congress prior to the November elections. The UTU and Sheet Metal Workers International Association – now combined into the Sheet Metal, Air, Rail and Transportation Workers (SMART) – [...]

Help stop this bill: Contact Congress

U.S. Capitol Building; Capitol Building; Washington D.C.

Never underestimate the impact of your communications to Congress. Combined with the tens of thousands of messages from others, the House Republican leadership has pulled back a planned vote Feb. 17 on a draconian transportation bill that would cost jobs, menace transportation safety and threaten the future of Railroad Retirement. As phone call, email and [...]

Soc. Sec., Rail Retirement payments to rise in 2012

Retirees receiving Railroad Retirement Tier I or Social Security benefits will see their payments rise by 3.6 percent beginning Jan. 1 – the first increase in those benefit payments in two years. Increases in Railroad Retirement and Social Security benefits are tied to the Department of Labor’s Consumer Price Index. For railroad retirees, Tier II [...]

New year for rail unemployment, sickness claims

A new year under the Railroad Unemployment Insurance Act for unemployment and sickness benefits begins July 1. The maximum daily benefit rate payable remains at $66 in the new benefit year. Benefits are normally paid for the number of days of unemployment or sickness over four in 14-day registration periods. Thus, the maximum benefits for [...]