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Category: Alerts and News

What’s Next for Railroad Workers?

It has been an eventful few months for railroad workers as a possible strike loomed at the end of last year, 2022. However, President Biden has signed a resolution from Congress that imposes a tentative contract agreement. Congress passed the resolution on December 2, binding rail workers to the tentative contract agreement to avert the first national rail strike in decades. 

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Why Didn’t I Receive a Cost-of-Living Adjustment?

Annually in October, the Social Security Administration (SSA) and the Railroad Retirement Board (RRB) announce the cost-of-living adjustment (COLA) for the upcoming year. Every year there are questions from a new widow(er) pertaining to why they did not receive a COLA. They are worried they are not receiving their benefits properly and do not understand why others received them but did not. In some cases, due to a rise in Medicare premiums, they actually see their take-home amount lowered as well. 

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Inflation Reduction Act

New and essential legislation has passed through Congress recently. The most recent bill that passed the House this summer was the Inflation Reduction Act. It passed with a party-line vote of 220-207 after the Senate passed the measure on a 51-50 vote margin, with Vice President Harris having to cast the tie-breaking vote. It is now official as President Biden signed the bill making the legislative package law. 

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