Our team here at My Railroad Retirement has gathered the most asked questions about Railroad Retirement benefits. These questions cover topics related to monthly retirement benefits, widow/wider benefits, and ways to maximize. We are continuing to work on the Complete Guide to Railroad Retirement Book, and more information and details will be forth coming on
Top 20 Railroad Retirement Questions Answered Read More »
As you approach retirement or begin planning for it, understanding your benefits under the Railroad Retirement Act is essential. Especially when it comes to creditable compensation. If you’re like many railroaders, making sure you know how creditable compensation impacts your retirement, disability, and survivor benefits can significantly improve your financial security in retirement and prior
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The short line answer is yes, sequestration reduced unemployment and sickness benefits. Railroad employees face unique challenges when it comes to understanding sequestration and how unemployment and sickness benefits are affected. As a financial planner specializing in lining you in and out the siding safely. Railroad employees face unique challenges when it comes to understanding
Sequestration Reduced Unemployment and Sickness Benefits for Railroaders? Read More »
If you’re a current or future railroad retiree, it’s important to understand Comparing Benefits: Railroad Retirement vs. Social Security. Key differences between Railroad Retirement and Social Security. These two systems may seem similar at first glance, but they provide different levels of benefits, have varying eligibility requirements, and involve different payroll tax rates. In this
Comparing Benefits: Railroad Retirement vs. Social Security Explained Read More »
Phone number for Railroad Retirement Board is US toll-free 877-772-5772 between 9 AM and 3 PM weekdays, and not open on federal holidays. Phone Number For Railroad Retirement is US toll-free 877-772-5772 The RRB offers the option for a call back during high volume call times. We are available to discuss all your financial needs
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Railroad Retirement COLA 2024 (Cost of Living Adjustment) is vital for retirees, ensuring their benefits keep pace with inflation. Explore how COLA is calculated and its impact on Railroad Retirement benefits in 2024. What is the COLA? Cost of living adjustments was started in 1973 to provide increase to social security and railroad retirement to
Railroad Retirement COLA 2024, What is it Read More »
Understanding Early Retirement Reductions for Railroad Retirement 20 years of service is pivotal for planning retirement strategies. Learn how retiring before full retirement age affects annuities and spousal benefits in the railroad retirement system. Early Retirement Reductions for Railroad Retirement Benefits Firstly, railroad retirement benefits decrease for those retiring before full retirement age. Employees can
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Understanding Survivor Benefits in Railroad Retirement Railroad retirement survivor benefits are payable to widows, children, and certain dependents. Lump-sum benefits are available if no qualified survivors exist. Eligibility depends on the employee’s insurance status under the RRA. To qualify for survivor benefits, the deceased employee must have had at least 10 years of railroad service
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Discover the protective measures in place for railroad families through the Railroad Retirement Act’s Special Guaranty Provision. This provision ensures equitable Railroad Retirement paychecks compared to social security laws, mitigating potential gaps in coverage. Railroad Retirement paychecks Special Guaranty Provision Under the Railroad Retirement Act (RRA), families receive a special minimum guaranty provision. This provision
What Factors Affect Railroad Retirement paychecks? Read More »
Spouse annuities under railroad retirement require the employee to be retired. An annuity can be paid based on age or caring for the employee’s minor or disabled child. Even if the employee hasn’t retired, divorced spouses may receive an annuity based on age. Requirements include at least 1 year of marriage, or specific conditions regarding
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