October 25, 2014

Obama appoints new management member to RRB

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President Obama has appointed Steven J. Anthony to be the management member of the U.S. Railroad Retirement Board. His appointment was confirmed by the Senate on April 9, and he was sworn into office on May 8. Mr. Anthony’s term will expire in August 2018. Anthony succeeds Jerome F. Kever, who had served as the [...]

RRB annuitants: Laws about working after retirement

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Retirees, and those planning retirement, should be aware of the railroad retirement laws governing benefit payments to annuitants who work after retirement. The following questions and answers describe these railroad retirement work restrictions and earnings limitations on post-retirement employment, and how these rules can affect retirees engaging in self-employment. To protect the integrity of its [...]

RRB discusses Medicare for railroad families

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The federal Medicare program provides hospital and medical insurance protection for railroad retirement annuitants and their families, just as it does for social security beneficiaries. Medicare has the following parts: Medicare Part A (hospital insurance) helps pay for inpatient care in hospitals and skilled nursing facilities (following a hospital stay), some home health care services, [...]

RRB explains benefits under Railroad Retirement, SSA

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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 [...]

RRB announces pre-retirement seminars

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Railroad employees and their spouses closing in on retirement will be able to learn the latest benefit information and application requirements as part of a new program announced by Labor Member of the U.S. Railroad Retirement Board Walter A. Barrows. Designed for railroad employees and spouses planning to retire within five years, the new Pre-Retirement [...]

RRB: Compensation subject to tax to increase in 2014

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The amounts of compensation subject to railroad retirement tier I and tier II payroll taxes will increase in 2014, while the tier I and tier II tax rates will remain the same on both railroad employers and employees, the Railroad Retirement Board announced. Also, railroad unemployment insurance contribution rates paid by employers will not include [...]

RRB explains dual benefit payments

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The payment of a railroad retirement annuity can be affected by entitlement to social security benefits, as well as certain other government benefits. Such dual entitlement, if not reported to the Railroad Retirement Board (RRB), can result in benefit overpayments that have to be repaid, sometimes with interest and penalties. The following questions and answers [...]

SSA, RRB benefits to rise by only 1.5 percent

WASHINGTON – Social Security benefits for nearly 58 million people will increase by 1.5 percent next year, the government announced Wednesday. The increase is among the smallest since automatic adjustments were adopted in 1975. It is small because consumer prices haven’t gone up much in the past year. Read the complete story at the Associated [...]

Importance of a current connection for RRB benefits

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Under the Railroad Retirement Act, a “current connection” with the railroad industry is one of the eligibility requirements for occupational disability annuities and supplemental annuities, and is one of the factors that determine whether the Railroad Retirement Board or the Social Security Administration has jurisdiction over the payment of monthly benefits to survivors of a [...]

RRB offices remain open, conferences canceled

The U.S. Railroad Retirement Board (RRB) has announced that during the lapse in federal funding for certain government operations which began Oct. 1, ongoing benefit payments will continue and all RRB offices are expected to remain open. RRB field offices, operating with reduced staffs, may also accept new claims for unemployment and sickness benefits, but [...]