The Power of NARVRE Membership and How You Can Help
Retirement is a phase of life that should be cherished and celebrated. Especially for those who have spent their careers in the railroad industry! The National Association of Retired and Veteran Railroad Employees (NARVRE) understands the value o…
Railroad Retirement Benefits vs. Social Security Benefits
Back in the 1930s, there was a growing worry that the current pension programs were insufficient to provide retired railroad workers with the necessary support. Especially when they became older and unable to work. To address this concern, Congre…
Details Concerning the Fiscal Responsibility Act of 2023 and Amtrak Funding
After several months of warnings and four days before the U.S. Treasury debt default, Congress finally passed a legislative compromise raising the nation’s borrowing limit. The House approved the Fiscal Responsibility Act of 2023 with a vote of 3…
Since the Railroad Retirement Board (RRB) is a federal agency, it is required to submit a fiscal year budget in preparation for the President’s yearly budget review. Present day, the Railroad Retirement Board funding is $128M. The President’s FY2…
Most of us have been looking forward to the day we can finally enjoy retirement. However, before you decide to retire, it is essential that you are financially ready to retire. Ask yourself these questions:
Did you know that if you receive Medicare benefits through railroad Medicare, you are eligible to use Accountable Care Organizations and have access to their many benefits? In this post, we will share the benefits of these organizations and why y…
We are now in the second month of 2023, and thankfully due to the increase in COLA, you should be receiving more money since the COLA benefit rose to 8.7% in Tier 1 and 2.8% in Tier 2 for railroad retirement benefits.
It has been an eventful few months for railroad workers as a possible strike loomed at the end of last year, 2022. However, President Biden has signed a resolution from Congress that imposes a tentative contract agreement. Congress passed the res…
