During 2010, the U.S. Railroad Retirement Board (RRB) will observe the 75th Anniversary of the enactment of the Railroad Retirement Act of 1935. Part of President Franklin Roosevelt’s New Deal legislation, the Act was signed into law on August 29, 1935, and the RRB made its first annuity payments 11 months later. The first formal
Read moreOver the past year, an organization calling themselves the Rail Workers United (RWU) has distributed false information to TCU and other rail union members, advocating unaffordable benefit changes to Railroad Retirement that would bankrupt the Railroad Retirement Trust Fund. The RWU’s proposed changes would not benefit current retirees and only assist those seeking retirement in
Read moreDuring 2010, the U.S. Railroad Retirement Board (RRB) will observe the 75th anniversary of the enactment of the Railroad Retirement Act of 1935. Part of President Franklin Roosevelt’s New Deal legislation, the Act was signed into law on August 29, 1935, and the RRB made its first annuity payments 11 months later. Click here to
Read moreRailroad workers are covered under the Medicare program just like workers covered under social security. Railroad retirement payroll taxes include a Medicare hospital insurance tax just like social security payroll taxes. Even though you’re paying into the Medicare program during your working years, and will probably rely on its services in the future, you may
Read moreNRRIT has released the quarterly update for the period ending December 31, 2009. Click here to see the update.
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