September 2, 2014

Judge frees coal company to eliminate benefits

In a May 29 decision long dreaded by union coal miners, a bankruptcy court in St. Louis agreed that Patriot Coal has the right to void its collective bargaining agreements and cancel its pension and retirement obligations to 20,000 workers and family members. The United Mine Workers of America (UMWA) argued in court that Patriot [...]

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 [...]