As a railroad employee, certain retirement and disability benefits may be available to qualified railroad employees and spouses.
The second part of my analysis also exploits the switch from flat to progressive benefits in average wages to estimate the elasticity of nonparticipation with respect to benefits for men aged 65-69. My central estimate of 0.55 indicates a large retirement response. Application of these estimates ...
If you work for a railroad, you are most likely paying Railroad Retirement taxes as your contribution to your pension. Your employer also contributes. There are two parts to Railroad Retirement contributions, which together constitute your benefit amount. These two parts are called Tier I and Tier...
By the time the entire system was implemented in 1937, social security was a reality, but the RRB began delivering benefits years before social security did. To this day, the railroad retirement system remains separate from social security, though the two are closely linked. A retiring railroad...
Railroad Retirement Boardretirement incomeold agebenefitsIn the 1930s, amidst concern about the ability of existing pension programs to provide former railroad workers with adequate assistance in old age, Congress estSocial Science Electronic Publishing...
Introduction The Railroad Retirement Board (RRB) administers retirement, survivor, disability, unemployment, and sickness benefits for railroad workers and their families under the provisions of the Railroad Retirement Act (RRA) and the Railroad Unemployment Insurance Act (RUIA). Work for railroads enga...