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Rail Labor’s largest coalition reaches dead end on path to voluntary agreement

January 24, 2022

https://www.ble-t.org/pr/news/newsflash.asp?id=13519The Coordinated Bargaining Coalition (CBC) released the following statement on January 24, 2022: After more than two years of bargaining with the major U.S. Class 1 railroads, discussions completely stalled last week. Accordingly, pursuant to the terms and conditions of the Railway Labor Act, top leaders of 10 rail unions applied to the National Mediation…

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AAR reports rail traffic for week ending January 8, 2022

January 17, 2022

(Source: Association of American Railroads press release, January 12, 2022) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 8, 2022. For this week, total U.S. weekly rail traffic was 440,761 carloads and intermodal units, down 16 percent compared with the same week last year. Total…

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Railroad Retirement and Unemployment Insurance taxes in 2022

January 11, 2022

(Source: Railroad Retirement Board press release, December 8, 2021) CHICAGO — The amounts of compensation subject to railroad retirement tier I and tier II payroll taxes will increase in 2022, while the tax rates on employers and employees will stay the same. In addition, unemployment insurance contribution rates paid by railroad employers will include a surcharge…

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RRB Q&A: Annuitants may need to increase tax withholding at age 62

January 11, 2022

(Source: Railroad Retirement Board press release, December 21, 2021) CHICAGO — Certain portions of a railroad retirement annuity are treated differently for Federal income tax purposes. The following questions and answers explain these differences and address the importance of individuals establishing accurate tax withholding from their annuities. Certain beneficiaries, including those retiring at age 60 with…

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