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Most railroad retirement annuities, like social security benefits, are scheduled to increase in January 2009 on the basis of the rise in the Consumer Price Index (CPI) during the 12 months preceding October 2008. Click here for more. Posted October 29, 2008
Read moreApplying for a Railroad Retirement Annuity–Railroad employees who are planning to retire should be aware of what steps to take and what documents are required when applying for an annuity from the Railroad Retirement Board (RRB). Being prepared can prevent needless delays and ensure that payments from the RRB begin as soon as possible after
Read moreA new benefit year under the Railroad Unemployment Insurance Act begins July 1, 2008. Administered by the Railroad Retirement Board, this Act provides two kinds of benefits for qualified railroaders: unemployment benefits for those who become unemployed but are ready, willing and able to work; and sickness benefits for those who are unable to work
Read moreEach year, the RRB prepares a “Certificate of Service Months and Compensation” (Form BA-6) for every railroad employee who received creditable railroad compensation in the previous calendar year. The forms will be mailed to employees by the RRB during the first half of June. Find out more.
Read moreComparing Railroad Retirement Benefits with Social Security Employers 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. Click here for answers to questions about the differences in rail retirement and
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