Quick links+
The U.S. Railroad Retirement Board (RRB) will send new Medicare cards to its beneficiaries in the coming weeks. The primary benefit of the new cards is that it makes identity theft much less likely, since they will no longer include the beneficiary’s social security number. This initiative results from the Medicare Access and CHIP Reauthorization
Read moreEmployers 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 Railroad Retirement Board (RRB) has released a questions and answers
Read moreToday, Illinois Democrat Dan Lipinski joined with Nebraska Republican Don Bacon to lead a letter supporting additional funding to the Railroad Retirement Board (RRB). The letter had broad bipartisan support from their colleagues in Congress, including 12 Republicans and 23 Democrats. Click HERE to view read the Lipinski-Bacon letter Once secured, this funding will be
Read moreCertain portions of a railroad retirement annuity are treated differently for Federal income tax purposes. A recent release from the Railroad Retirement Board (RRB) explains these differences and address the importance of individuals establishing accurate tax withholding from their annuities. Certain beneficiaries, including those retiring at age 60 with at least 30 years of service,
Read moreMost railroad retirement annuities, like social security benefits, are scheduled to increase in January 2018 on the basis of the rise in the Consumer Price Index (CPI) from the third quarter of 2016 to the corresponding period of the current year. Cost-of-living increases are calculated in both the tier I and tier II benefits included
Read more
