RRB
Q&A: Buyouts and Railroad Retirement benefits
(Source: Railroad Retirement Board press release, April 26, 2022) CHICAGO — Railroad employees frequently ask the Railroad Retirement Board (RRB) how accepting a buyout from a railroad employer affects their future eligibility for benefits under the Railroad Retirement and Railroad Unemployment Insurance Acts. The following questions and answers provide information on this subject. 1. Would leaving…
Read MoreQ&A: Buyouts and Railroad Retirement benefits
(Source: Railroad Retirement Board press release, April 26, 2022) CHICAGO — Railroad employees frequently ask the Railroad Retirement Board (RRB) how accepting a buyout from a railroad employer affects their future eligibility for benefits under the Railroad Retirement and Railroad Unemployment Insurance Acts. The following questions and answers provide information on this subject. 1. Would leaving…
Read MoreQ&A: Longevity of Railroad Retirement beneficiaries
(Source: Railroad Retirement Board press release, February 17, 2022) CHICAGO — Every three years, the Railroad Retirement Board’s Chief Actuary conducts a study of the longevity of its annuitants, as part of a valuation of future revenues and benefit payments. These studies consider male and female age and service annuitants, disability annuitants, and spouse and survivor…
Read MoreQ&A: Longevity of Railroad Retirement beneficiaries
(Source: Railroad Retirement Board press release, February 17, 2022) CHICAGO — Every three years, the Railroad Retirement Board’s Chief Actuary conducts a study of the longevity of its annuitants, as part of a valuation of future revenues and benefit payments. These studies consider male and female age and service annuitants, disability annuitants, and spouse and survivor…
Read MoreRailroad Retirement and Unemployment Insurance taxes in 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…
Read More