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Old 03-11-2013, 08:41 PM   #1
David Shepherd
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Default Sequestration and UE Benefits

I had to call the railroad retirement board today-that is the railroaders equivalent to SSI (government run), but the retirement is better (pay more in).

Anyway, they had an announcement at the beginning that due to sequestration railroad UE benifits were cut from $64 to about $55 per day and sickness benefits had been cut about the same.

Message then said retirement benefits were not affected (by law, but that can be changed).

I did not know that UE had been affected.

Quote:
The U.S. Railroad Retirement Board (or 'RRB') is an independent agency in the executive branch of the United States government created in 1935[1] to administer a social insurance program providing retirement benefits to the country's railroad workers.


The RRB serves U.S. railroad workers and their families, and administers retirement, survivor, unemployment, and sickness benefits. Consequently, railroad workers do not participate in the United States Social Security program. The RRB's headquarters are in Chicago, Illinois, with field offices throughout the country.


In connection with the retirement program, the RRB has administrative responsibilities under the Social Security Act for certain benefit payments and railroad workers' Medicare coverage.




At the end of fiscal year 2010, the average annuity paid to career rail [COLOR=#3188ff !important]employees[/color] was $2,760 a month, compared to $1,170 a month under Social Security.[2]
http://en.wikipedia.org/wiki/Railroad_Retirement_Board
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