April 21, 2014

Two Senate friends of labor to retire

WASHINGTON — Two friends of labor — Democratic Senators Kent Conrad (N.D.) and Joseph Lieberman (Conn.) — say they will retire at the end of the 112th Congress in 2012. Conrad is completing his fifth six-year term; Lieberman completing his fourth six-year term. These announcements follow the retirement announcement of Republican Sen. Kay Bailey Hutchison [...]

UTUIA helps provide secure retirements

How long will you live after you retire, and will you have enough money to live on comfortably? Good question. That’s why – before you retire – you should think about post-retirement economic security, because few things could be worse than money running out during what are supposed to be carefree years. A balanced retirement [...]

Planning to retire? We have some answers

If you are planning to retire in the coming months, you are sure to have concerns and many more questions. Understanding retirement benefits, Medicare and Medigap – and, especially, assuring you obtain all you are entitled to – is no simple task. There is help, however, and the UTU can help you. Many of your [...]

UTU member pulls pin after 42 years

When Art Anderson started working for passenger railroads, the Beatles were still together, and everyone still dressed up for work, according to the Chicago Sun-Times. “Things are a lot more casual these days,” said Anderson, 59, who retires next month after 42 years, the last 20 as a Metra conductor. “You see very few people [...]

Retiring soon? Don’t be a fraud victim

 By UTU GS&T Kim Thompson A recent article on the UTU Web site, headlined “Ponzi Scheme Targets Retired L.A. Bus Drivers,” reminded me of the pitfalls that our members can face in having a secure retirement. It seems you can’t watch the evening news, open a newspaper, or visit the Internet without hearing about identity [...]

RRB explains retiree benefits

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. The following questions and answers show the differences in railroad retirement and social security benefits payable at the close [...]