In a recent release from the Railroad Retirement Board (RRB), Railroad retirement benefits are subject to reduction if an employee with less than 30 years of service retires before attaining full retirement age. While employees with less than 30 years of service may still retire at age 62, the age at which full retirement benefits
A recent letter sent from TCU President Bob Scardelletti spells out the April 2016 announcement from the U.S. Railroad Retirement Board (RRB) regarding changes in their local Board field office hours. As a result of workforce reductions and increased workloads in several key areas, beginning June 1, 2016, the Board’s 53 field offices nationwide will
Railroad employees frequently ask the Railroad Retirement Board (RRB) how the acceptance of a buy-out from a railroad employer affects their future eligibility for benefits under the Railroad Retirement and Railroad Unemployment Insurance Acts. Click here to read a questions and answers provide information on this subject.
The Railroad Retirement Board (RRB) released a questions and answers that describes the tax statements issued by the Railroad Retirement Board (RRB) each January for Federal income tax purposes. Railroad retirement beneficiaries needing information about these statements, or about tax withholding from their benefits, should contact an office of the RRB. For further Federal income
A recent release from the Railroad Retirement Board (RRB) explains how the Medicare program works for Railroad retirees. The Medicare program covers railroad workers just like workers under social security. Railroad retirement payroll taxes include a Medicare hospital insurance tax just like social security payroll taxes. Though you’re paying into the Medicare program during your
In a release from the Railroad Retirement Board (RRB), the Centers for Medicare & Medicaid Services has announced that the standard monthly Part B premium will be $121.80 in 2016. However, most Medicare beneficiaries will not see an increase in their monthly Part B premiums because of a “hold harmless” provision in the law. Under
Under the Railroad Retirement Act, a “current connection with the railroad industry” is one of the eligibility requirements for occupational disability annuities and supplemental annuities, and is one of the factors that determine whether the Railroad Retirement Board (RRB) or the Social Security Administration has jurisdiction over the payment of monthly benefits to survivors of
The Railroad Retirement Board (RRB) release a statement on 2016 Railroad Retirement annuities. Railroad retirement annuities, like social security benefits, will not increase in January 2016 as there was no increase in the Consumer Price Index (CPI) from the third quarter of last year to the corresponding period of the current year. Also, because there
Railroad retirement beneficiaries are reminded that receipt of a private railroad pension may reduce the amount of a supplemental annuity payable by the Railroad Retirement Board (RRB). RRB has released a questions and answers to provide information on this subject, as well as how distributions from a 401(k) plan affect supplemental annuities, and whether railroad
National Railroad Retirement Investment Trust (NRRIT) has released its quarterly update for the period ending June 30, 2015. Click here to view the update.
