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Railroad Retirement Board



The Railroad Retirement Board (or RRB) is an agency of the United States government created in the 1930s which established a retirement benefit program for the country's railroad workers.

Additional recommended knowledge

The RRB serves U.S. railroad workers and their families, and administers retirement, survivor, unemployment, and sickness benefits.

Railroad workers do not pay money into Social Security, nor do they receive Social Security benefits. In connection with the retirement program, the RRB has administrative responsibilities for railroad workers' Medicare coverage.

During 2005, retirement-survivor benefits of $9 billion were paid to 634,000 beneficiaries, while net unemployment-sickness benefits of $73 million were paid to 29,000 claimants.

See also

  • Pensions
  • Retirement plans
 
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Railroad_Retirement_Board". A list of authors is available in Wikipedia.
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