April 20, 2014

RRB benefit reductions by retirement age

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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, [...]

RRB issues financial report

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

RRB’s Barrows: ‘We are entitled…we worked for it’

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On July 29, Railroad Retirement Board Labor Member Walt Barrows addressed attendees at the SMART Transportation Division’s Anaheim, Calif., regional meeting. He spoke about the beginnings of the RRB, pensions and retirement plans, attacks on workers in both the public and private sectors. “We are entitled because we worked for it. We are entitled because [...]

RRB labor member announces staff appointments

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Walter A. Barrows, the labor member of the U.S. Railroad Retirement Board (RRB), recently announced two senior-level staff appointments within his immediate office. Michael J. Collins, who has been an assistant to the labor member since April 2003, will assume the position of legislative assistant. In that capacity, he will advise the labor member on [...]

Applying for a Railroad Retirement annuity

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Railroad employees who are planning to retire should be aware of what steps to take and what documents are required when applying for an annuity from the Railroad Retirement Board (RRB). Being prepared can prevent needless delays and ensure that payments from the RRB begin as soon as possible after retirement. The following questions and [...]

RRB payments adjusted for spouse, widow annuitants

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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 [...]

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. [...]

Disability annuities for railroad employees

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The Railroad Retirement Act provides disability annuities for railroaders who become totally or occupationally disabled. Medicare coverage before age 65 is also available for totally disabled employees and those suffering from ALS (amyotrophic lateral sclerosis) or chronic kidney disease. The following questions and answers describe these disability benefits, their requirements, and how to apply for [...]

RRB schedules informational conferences

The Railroad Retirement Board (RRB) holds informational conferences, and all UTU representatives are urged to attend to learn more about pensions, disability annuities and other services offered by the RRB.  All informational conference registrations begin at 8:00 a.m., with the programs beginning promptly at 8:30 a.m. and ending at 12:15 p.m.  For more information, go [...]

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 [...]