RRB

(Source: Railroad Retirement Board press release, October 29, 2021) CHICAGO — Railroad retirement annuitants subject to earnings restrictions can earn more in 2022 without having their benefits reduced due to increased limits indexed to average national wage increases. Like social security benefits, some railroad retirement benefit payments are subject to deductions if an annuitant’s earnings exceed…

(Source: Railroad Retirement Board press release, April 27, 2021) CHICAGO — The payment of a railroad retirement annuity can be affected by entitlement to social security benefits, as well as certain other government benefits. Such dual entitlement, if not reported to the Railroad Retirement Board (RRB), can result in benefit overpayments which have to be repaid,…

(Source: Railroad Retirement Board press release, March 30, 2021) CHICAGO — Employers and employees covered by the Railroad Retirement Act pay higher retirement taxes than those covered by the Social Security Act. As a result, railroad retirement benefits are higher than social security benefits, especially for “career” employees (those employees who have 30 or more years…

(BLET Editor’s Note: The following is a message to Rail Labor from John Bragg, Labor Member of the U.S. Railroad Retirement Board.) CHICAGO, March 30 — As you may have heard, Congress recently enacted legislation to provide some financial relief to railroaders. In the legislation entitled the American Rescue Plan Act of 2021 (ARPA), Congress…

(Source: Railroad Retirement Board press release, January 26, 2020) CHICAGO — Under the Railroad Retirement Act (RRA), a “current connection with the railroad industry” is one of the eligibility requirements for both the occupational disability and supplemental annuities payable by the Railroad Retirement Board (RRB). It is also a factor in determining whether the RRB or…