Tag: NARVRE

Biden administration's plan and Congress.

Biden Administration Plans to Develop a Way for Credit Scores Not to be Affected by Medical Bills

Written by NARVRE. Posted in Alerts and News.

The last few months have been tumultuous in the White House, causing widespread speculation about a potential government shutdown. As an organization, we strongly encourage all our members to reach out to their Congress members. Urge them to prioritize funding for both Amtrak and the Railroad Retirement Board. Our mission has always been to assist elected representatives to help them understand the complexities of the railroad retirement system. It is important to note that even today, many members of Congress need to be made aware of our situation under the Railroad Retirement Act, which underscores the critical nature of our advocacy efforts.

The Power of NARVRE Membership and How You Can Help

Written by NARVRE. Posted in Alerts and News.

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 of this transition and offers a supportive community that goes beyond retirement. Joining the existing NARVRE members is beneficial, and you play a significant role in growing this community.

Railroad Retirement Benefits vs. Social Security Benefits

Written by NARVRE. Posted in Alerts and News.

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, Congress set up a national railroad retirement system. If you are a retired railroad worker, you know your benefits differ from Social Security’s. Although both programs share some similarities, there are some notable differences in funding and benefit structure. Keep reading as we highlight some critical areas where these two retirement programs differ.

Joint Letter on FY24 RRB Funding

Written by NARVRE. Posted in Alerts and News.

NARVRE Members:

Details Concerning the Fiscal Responsibility Act of 2023 and Amtrak Funding

Written by NARVRE. Posted in Alerts and News.

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 314-117, followed by the Senate with a vote of 63-36 the following evening. The President signed the bill into law on June 3, 2023.

Funding for the Railroad Retirement Board

Written by NARVRE. Posted in Alerts and News.

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 FY24 budget for the Railroad Retirement Board is $138.575M. While this is an increase, it only supports around 729 full-time employees.

Stop Cuts to Railroad Workers’ Benefits by Supporting the Railroad Employee Equity and Fairness (REEF) Act

Written by NARVRE. Posted in Alerts and News.

From Desk of National Legislative Director Gary Faley

NARVRE Members, we need to step up and help our fellow railway workers. Please make the call.

Are You Financially Prepared for Retirement?

Written by NARVRE. Posted in Alerts and News.

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:

Accountable Care Organizations Available to You

Written by NARVRE. Posted in Alerts and News.

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 you might consider joining them as a railroad retiree and member of NARVRE.

An Update on NARVRE Activities in February 2023

Written by NARVRE. Posted in Alerts and News.

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.