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The U.S. Railroad Retirement Board’s (RRB) 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
Read moreThe amounts of compensation subject to railroad retirement tier I and tier II payroll taxes will increase in 2013. The tier I tax rates will remain the same on railroad employers, while railroad employees will see their effective tier I rate increase from 5.65 percent to 7.65 percent. The tier II tax rate on both
Read moreEvery 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. The RRB has released questions and answers that summarizes the results of the most recent longevity study. Click here to read the full release from
Read moreThe standard Medicare Part B monthly premium will be $104.90 in January 2013, an increase of $5.00 from the 2012 amount of $99.90. Some beneficiaries will continue to pay higher premiums based on their modified adjusted gross income. The monthly premiums that include income-related adjustments for 2013 will be $146.90, $209.80, $272.70, or $335.70, depending
Read moreMonthly benefits may be payable under the Railroad Retirement Act to the surviving widow(er), children, and certain other dependents of a railroad employee if the employee was “insured” under that Act at the time of death. Lump-sum death benefits may also be payable to qualified survivors in some cases. Click here to view the full
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