RRB

(Source: Railroad Retirement Board press release, October 29, 2021) WASHINGTON, D.C. — Most railroad retirement annuities, like social security benefits, will increase in January 2022 due to a rise in the Consumer Price Index (CPI) from the third quarter of 2020 to the corresponding period of the current year. Cost-of-living increases are calculated in both the…

(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…