RETRACTION: HERITAGE FOUNDATION NOT TARGETING RAILROAD RETIREMENT FOR REPEAL OR REINING IN On December 20, 2016, we posted on our website a statement that The Heritage Foundation (“Heritage”) included Railroad Retirement on a list of government programs that it sought to repeal or rein in. Heritage has contacted us and informed us that they are
Rights to benefits under the Railroad Retirement Act also carry responsibilities for reporting events that may affect the payment of these benefits to the employee or to members of the employee’s family. If these events are not reported, benefit over-payments can occur that have to be repaid, sometimes with interest and penalties. Events that can
Beginning October 1, 2016, the U.S. Railroad Retirement Board (RRB) will reduce railroad unemployment and sickness insurance benefits by 6.9 percent, up from the current 6.8 percent reduction, as required by law. The adjusted reduction amount is based on revised projections of benefit claims and payments under the Railroad Unemployment Insurance Act. It will remain
