Welcome! Log In Create A New Profile

Advanced

Railroad Retirement Act (and song & dance)

July 01, 2000 11:16PM
I was the Guru of rr retirement when working for the D&SNG .I helped guys sign up (much to the chagrin of A.Mouse). It works like this : If you work 120 months ,you are vested ,you can draw rr, Retirement instead of social security . If you work 240 or 360 months ,you get more money .If you drew on rr retirement unemployment insurance a lot of winters (like I did) ,you draw less at retirement .If you work for someone later who does not pay rr retirement ,your money gets dumped into your social security account . Since rr retirement has one of the best trust funds in the U.S.Government , politicians tried for years to abolish it ,and dump its funds into the ailing Social Security trust fund . The pressure was real high during the Reagan-Bush years .The unions ,however ,prevailed in protecting it . Though I am vested in rr retirement ,I doubt that there is much in my account ,so like a lot of o hers ,might be better off with Social Security (if there is such a fund September 1 ,2018 ,when I turn 65). Right wing congressmen want to get rid of such funds ,or gut them . They get a fat pension for serving just one term in Congress .You can thank them on your 65th birthday if such funds are memories .
Subject Author Posted

RR Retirement

Bob Yarger July 01, 2000 04:22PM

Re: RR Retirement

John West July 01, 2000 05:34PM

D&SNG RR Retirement

El Coke July 01, 2000 07:09PM

Re: D&SNG RR Retirement

tim olson July 01, 2000 10:09PM

Re: D&SNG RR Retirement

jaybawb thu reporter July 01, 2000 11:08PM

Keep breathing ,Jaybawb !

El Coke July 02, 2000 10:28AM

Railroad Retirement Act (and song & dance)

El Coke July 01, 2000 11:16PM

Deleted post

John West July 02, 2000 12:39PM

Re: Deleted post

Jay Wimer July 03, 2000 08:03AM

Re: Health Insurance

Mikky July 03, 2000 08:47AM

Insurance Costs

Michael Allen July 03, 2000 09:37PM

Re: Insurance Costs

John West July 03, 2000 11:28PM

Re: Insurance Costs

Michael Allen July 04, 2000 09:59AM

Re: Railroad Retirement Act (and song & dance)

Gary Landrio, Stone Consulting & July 03, 2000 07:55PM

The IRA alternative

John West July 03, 2000 08:30PM

Annuity options

B Shoup July 03, 2000 09:55PM



Sorry, you can't reply to this topic. It has been closed.