Certain portions of a railroad retirement annuity are treated differently for Federal income tax purposes. A recent release from the Railroad Retirement Board (RRB) explains these differences and address the importance of individuals establishing accurate tax withholding from their annuities. Certain beneficiaries, including those retiring at age 60 with at least 30 years of service,
UPDATE (1/3/17): DOT Secretary Chao sent letters to the respective leaders of the nation’s railroads asking them to increase the pace at which they are installing PTC. Click HERE to read the letters. Last Thursday, two top Democrats from the Transportation Committee and the Railroads Subcommittee chided both the rail industry as well as the
All TCU Members Under the National Agreement: IT’S IN THE MAIL Today the National Agreement ratification package is in the mail to every TCU member under the National Agreement. Ballots must be returned to TCU by January 22, 2018. Please review all the material provided and VOTE.
All TCU Members Under the National Agreement: A comprehensive ratification packet will be in the mail on December 27 to each TCU member under the National Agreement. Several days thereafter it will be published on the TCU website. For all members a special email address TCUTA@tcunion.org has been established to answer questions. Sisters and Brothers,
JACKSONVILLE, Fla. – December 16, 2017 – CSX Corporation issued the following statement: “It is with great sadness that we announce that E. Hunter Harrison, President and Chief Executive Officer of CSX, died today in Wellington, Fla., due to unexpectedly severe complications from a recent illness. The entire CSX family mourns this loss. On behalf
Members of the National Conference of Firemen & Oilers, SEIU (NCFO) have ratified a new collective bargaining agreement with the National Carrier’s Conference Committee (NCCC), the bargaining agent for the nation’s major railroads. The Agreement was reached as a result of the NCFO’s participation with five other unions in the Coordinated Bargaining Group CBG. Click
The executive chairman of BNSF railroad, Matt Rose, penned an editorial in the San Antonio Express-News pleading with lawmakers, including Texas Sen. John Cornyn, not to withdraw from the North American Free Trade Agreement (NAFTA). Leaving NAFTA, wrote Rose, would end the one million jobs in Texas that rely on the trade deal. Rose noted
Strong demand expected through December holiday season Amtrak achieved record revenue in November, reaching $204.7 million in system-wide adjusted ticket revenue, the best month in the company’s history. Thanksgiving continued to be the busiest week of the year for Amtrak, with a record 777,897 riders taking the train to visit friends and family during Thanksgiving
Effective Dec. 31, Wick Moorman will step down from the co-CEO position and assume the role of senior advisor, starting Jan. 1, 2018. “The Board is grateful for Wick’s significant contributions since he joined the company, and we are pleased that he is continuing to serve as a senior advisor,” said Tony Coscia, Chair of
In recent news, good paying union jobs from companies like Nabisco and Ford are going to Mexico despite all the tough bravado from President Trump. Both companies released statement that they will be sending hundreds of jobs to Mexico where they will be getting lower costs for labor and tax breaks to incentivize it. Click
