A joint letter was written to Congress from the Rail Labor Division (RLD) of the Transportation Trades Department, AFL-CIO (TTD) of which TCU is a member and the Association of American Railroads (AAR), requesting full funding of the Railroad Retirement Board (RRB). The letter reads: On behalf of the Association of American Railroads (AAR) and
Each year, the U.S. Railroad Retirement Board (RRB) prepares a Certificate of Service Months and Compensation (Form BA-6) for every railroad employee with creditable railroad compensation in the previous calendar year. The RRB will mail the forms to employees during the first half of June. While every effort has been made to maintain current addresses
The Federal Medicare program provides hospital and medical insurance protection for railroad retirement annuitants and their families, just as it does for social security beneficiaries. Medicare has the following parts: Medicare Part A (hospital insurance) helps pay for inpatient care in hospitals and skilled nursing facilities (following a hospital stay), some home health care services,
The National Railroad Retirement Investment Trust (the “Trust”) issues a Quarterly Update to provide current information on the Trust’s operations and activities relating to its investment operations. This update reports on the Trust’s activities for the quarter ending March 31, 2019. Copies of the Trust’s Annual Management Report and each Quarterly Update are available on
Employers and employees covered by the Railroad Retirement Act pay higher retirement taxes than those covered by the Social Security Act, so that railroad retirement benefits remain higher than social security benefits, especially for career employees who have 30 or more years of service. The Railroad Retirement Board (RRB) has released a questions and answers
Every three years, the Railroad Retirement Board’s (RRB) Chief Actuary conducts a study of the longevity of its annuitants, as part of a valuation of future revenues and benefit payments. Click here to read the questions and answers release that summarizes the results of the most recent longevity study.
The U.S. Supreme Court has issued its decision in BNSF v. Loos. In a 7-2 decision written by Justice Ginsburg, the Court found that a railroad’s payment to an employee as pay for time lost due to an on-the-job injury is taxable “compensation” under the Railroad Retirement Tax Act (RRTA). Historically, these payments were always
President Donald J. Trump has appointed Erhard R. Chorlé to be the Chairman of the U.S. Railroad Retirement Board, Johnathan D. Bragg to be the Labor Member, and Thomas R. Jayne to be the Carrier Member. Their appointments to the three-member Board were confirmed by the Senate on January 2. They will oversee the activities
The U.S. Railroad Retirement Board’s Customer Service Plan promotes the principles and objectives of customer-driven quality service agency-wide. The RRB’s plan lays out the standards and expresses the time frames in terms of when the agency is required to make its decision to pay or deny an application for benefits. The plan states specifically the
In a recent release, Larry I. Willis, president of the Transportation Trades Department, AFL-CIO (TTD) of which TCU is a member, issued the following statement: “On behalf of our member unions, I want to congratulate the newest members of the Railroad Retirement Board confirmed by the Senate last night – Chairman Erhard R. Chorle, Management
