According to Railroad Retirement Board (RRB) policy, every annuitant has the right to manage his or her own benefits. However, when physical or mental impairments make a railroad retirement annuitant incapable of properly handling benefit payments, or where the RRB determines that the interests of the annuitant so require, the agency can appoint a representative
Fron Left to right; General Chairman/5087 Robert Dube, General Chairman/5150 Michael Jordan, General Chairman/5086 Michael Miller, National Representative Joseph Derillo, General Chairman/5088 Rick Luck, General Chairman/5058 Michael Lachica, General Chairman/5085 Joseph English During that meeting, the officers had the pleasure of meeting with members of Amtrak MofE in the Los Angeles area to hear their
The National Railroad Retirement Investment Trust (NRRIT) has released its quarterly update for the period ending December 31, 2012. Click here to view the update.
Amtrak lost $361 million in 2012, the lowest loss in 38 years. In statements by Amtrak President and CEO Joseph Boardman that is good news that will help him make his case to Congress for a boost in capital investment. “We think the numbers are right. Now it’s time to start talking about what policies
The U.S. Railroad Retirement Board’s (RRB) 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 amounts of compensation subject to railroad retirement tier I and tier II payroll taxes will increase in 2013. The tier I tax rates will remain the same on railroad employers, while railroad employees will see their effective tier I rate increase from 5.65 percent to 7.65 percent. The tier II tax rate on both
Former Lodge 319 Local Chairman Tom Rask presents Mick Ward (on the right) with a retirement plaque and watch. Mick Ward, former Local Chairman of Lodge 319 and a member of the board of trustees of System Board 46 when it closed, retired on January 8, 2013. Mick hired on DM&IR in April of 1973
Don Marino member of TCU Carmen Local 6295 is a true hero. He was preparing to leave for work around 4:30 a.m. on Dec. 16, when he noticed, “sparks in the air” near the house next door. Then Marino saw more flames coming from the back of the two-story house and began pounding on the
The lifetime maximum under the negotiated medical plans for early retirees will increase by $4,700 from $131,500 to $136,200, effective January 1, 2013, due to automatic adjustments based on medical cost inflation. The change affects members enrolled in the Railroad Employees National Early Retirement Major Medical Plan (UnitedHealthcare Policy GA-46000). These early retirement plans provide
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. The RRB has released questions and answers that summarizes the results of the most recent longevity study. Click here to read the full release from
