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The Federal Medicare program provides hospital and medical insurance protection for railroad retirement annuitants and their families, just as it does for social security beneficiaries. Medicare has the following parts: Medicare Part A (hospital insurance) helps pay for inpatient care in hospitals and skilled nursing facilities (following a hospital stay), some home health care services,
Read moreThe National Railroad Retirement Investment Trust (the “Trust”) issues a Quarterly Update to provide current information on the Trust’s operations and activities relating to its investment operations. This update reports on the Trust’s activities for the quarter ending March 31, 2019. Copies of the Trust’s Annual Management Report and each Quarterly Update are available on
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 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. Click here to read the questions and answers release that summarizes the results of the most recent longevity study.
Read moreThe U.S. Supreme Court has issued its decision in BNSF v. Loos. In a 7-2 decision written by Justice Ginsburg, the Court found that a railroad’s payment to an employee as pay for time lost due to an on-the-job injury is taxable “compensation” under the Railroad Retirement Tax Act (RRTA). Historically, these payments were always
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