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In a recent release from the Railroad Retirement Board (RRB): Railroad retirement annuitants subject to earnings restrictions can earn more in 2017 without having their benefits reduced as a result of increases in earnings limits indexed to average national wage increases. Like social security benefits, some railroad retirement benefit payments are subject to deductions if
Read moreMany railroad employees have at some time served in the Armed Forces of the United States. Under certain conditions, their military service may be credited as rail service under the Railroad Retirement Act. Click here to read the questions and answers with information on how military service may be credited towards railroad retirement benefits.
Read moreRights to benefits under the Railroad Retirement Act also carry responsibilities for reporting events that may affect the payment of these benefits to the employee or to members of the employee’s family. If these events are not reported, benefit over-payments can occur that have to be repaid, sometimes with interest and penalties. Events that can
Read moreBeginning October 1, 2016, the U.S. Railroad Retirement Board (RRB) will reduce railroad unemployment and sickness insurance benefits by 6.9 percent, up from the current 6.8 percent reduction, as required by law. The adjusted reduction amount is based on revised projections of benefit claims and payments under the Railroad Unemployment Insurance Act. It will remain
Read moreThe 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
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