Archive for November 16, 2020
GA-46000 Lifetime maximum adjusted for 2021
INDEPENDENCE, Ohio, November 16 – The lifetime maximum benefit for the Railroad Employees National Early Retirement Major Medical Benefit Plan (also known as ERMA or GA-46000) will increase from $171,100 to $175,700 on January 1, 2021. At the end of 2001, Labor and Management agreed on various procedures to administer the annual changes in the…
Read MorePresident-elect Joe Biden expected to be a friend to Amtrak
(Source: Business Insider, November 15, 2020) WASHINGTON, D.C. — President-elect Joe Biden is no stranger to America’s rail system. Having used Amtrak to commute between Washington, DC and his home in Delaware for decades during his time as a US senator, the frequent rider earned the nickname “Amtrak Joe,” as the New York Times reported.…
Read MorePart 2: The ICC and the railroads
(Source: Freight Waves, November 14, 2020) CHATTANOOGA, Tenn. — The Interstate Commerce Act was passed in 1887 in response to rising public concern with the growing power and wealth of corporations, particularly railroads, during the late 19th century. At that time, railroads were the principal form of transportation for both people and goods, and the…
Read MorePart 1: The rise and fall of the Interstate Commerce Commission
(Source: Freight Waves, November 13, 2020) CHATTANOOGA, Tenn. — The Interstate Commerce Commission (ICC) was the first independent regulatory agency in the United States, and was created in 1887 when Congress passed the Interstate Commerce Act. During its tenure the Commission’s members were appointed by the President, with the consent of the United States Senate.…
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