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Every three years, the Railroad Retirement Board’s (RRB) Chief Actuary conducts a study of the longevity of its annuitants, as part of a valuation of future revenues and benefit payments. Click here to read the questions and answers release that summarizes the results of the most recent longevity study.
Read moreThe U.S. Supreme Court has issued its decision in BNSF v. Loos. In a 7-2 decision written by Justice Ginsburg, the Court found that a railroad’s payment to an employee as pay for time lost due to an on-the-job injury is taxable “compensation” under the Railroad Retirement Tax Act (RRTA). Historically, these payments were always
Read morePresident Donald J. Trump has appointed Erhard R. Chorlé to be the Chairman of the U.S. Railroad Retirement Board, Johnathan D. Bragg to be the Labor Member, and Thomas R. Jayne to be the Carrier Member. Their appointments to the three-member Board were confirmed by the Senate on January 2. They will oversee the activities
Read moreThe U.S. Railroad Retirement Board’s Customer Service Plan promotes the principles and objectives of customer-driven quality service agency-wide. The RRB’s plan lays out the standards and expresses the time frames in terms of when the agency is required to make its decision to pay or deny an application for benefits. The plan states specifically the
Read moreIn a recent release, Larry I. Willis, president of the Transportation Trades Department, AFL-CIO (TTD) of which TCU is a member, issued the following statement: “On behalf of our member unions, I want to congratulate the newest members of the Railroad Retirement Board confirmed by the Senate last night – Chairman Erhard R. Chorle, Management
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