Why don’t I get a Cost-of-Living Adjustment?
Each year, in October, Social Security Administration (SSA) and Railroad Retirement Board (RRB) announce the cost-of-living adjustment (COLA) for the upcoming year. Each year, n…
Medicare Part B Premium and Deductible Increase in 2024
The Centers for Medicare & Medicaid Services (CMS) has announced that the standard monthly Part B premium will be $174.70 in 2024, an increase of $9.80 from $164.90 in 2023. The annual deductible for all Medicare Part B enrollees in 2024 will b…
As 2024 rolls in, railroad retirees need to monitor their healthcare plans. As a member of NARVRE, you can rest assured that we have got you covered. We are committed to ensuring that our esteemed members stay well-informed amidst the ever-changing…
Biden Administration Plans to Develop a Way for Credit Scores Not to be Affected by Medical Bills
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 priori…
The Power of NARVRE Membership and How You Can Help
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…
Railroad Retirement Benefits vs. Social Security Benefits
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…
Details Concerning the Fiscal Responsibility Act of 2023 and Amtrak Funding
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…
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…
