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Tag: financial

Retired people planning their finances with a financial planner.

Financial Planning as a Railroad Retiree

Written by NARVRE. Posted in Alerts and News.

Retirement should be an opportunity to savor the benefits of one’s hard work. It is crucial for railroaders to engage in thorough financial planning in order to maximize their enjoyment during retirement. Unlike Social Security, railroad retirement benefits operate under a different framework. They offer pensions and annuities to retirees through the Railroad Retirement Board (RRB). Established in the 1930s, the RRB is designed to help railroaders enjoy a secure retirement by creating a system for long-term financial stability.

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Social Security cards.

The Social Security Fairness Act and Its Impact on Railroad Retirement Annuities

Written by NARVRE. Posted in Alerts and News.

The following is the latest from the Railroad Retirement Board (RRB) regarding questions and answers about the Social Security Fairness Act.

The Social Security Fairness Act (SSFA), which was signed into law on January 5, 2025, eliminates the reduction previously applied to the railroad retirement annuities or social security benefits of individuals who also receive pensions from work not covered by social security.

The following questions and answers describe how the SSFA impacts the computation of railroad retirement annuities and provide information related to the law’s implementation.

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