Metlife: 800-310-7770
  RR Retirement: 877-772-5772
RR Medicare: 800-833-4455

Category: Alerts and News

Restoring Amtrak Service to the Gulf Coast 

Written by NARVRE. Posted in Alerts and News.

Part 2

In our last blog, we discussed the Surface Transportation Board getting ready to hold hearings on restoring Amtrak service to the Gulf Coast. Since Hurricane Katrina hit that region in 2005, the passenger rail service, where the Sunset Limited used to run, has been suspended.  

Since then, tracks have been replaced, yet discussions to restore Amtrak service to the Gulf Coast did not begin until the passage of the FAST-ACT of 2015. This act instructed the US Department of Transportation to form a working group assigned to the Southern Rail Commission. The group aimed to estimate investment costs from the government freight railroads and if there would be enough interest from the communities affected to move forward with restoring Amtrak services.  

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 Amtrak is Having Issues with Planned Expansion Across the United States 

Written by NARVRE. Posted in Alerts and News.

NARVRE

Riding rail service is becoming as popular as it once was decades ago. An Amtrak ride across the United States isn’t just beautiful, it is also much less expensive than flying. The team at NARVRE or the National Association of Retired and Veteran Railroad Employees has been working with the issue Amtrak expansion is facing in restoring passenger rail service across the Gulf Coast for years. We have even joined local communities and the Southern Rail Commission to grant funding. We have the alliance of Senator Wicker, a Republican of Mississippi, and Booker, a Democrat from New Jersey. However, the issue still stands, and we are still fighting for the funding. If the expansion is allowed to continue, it will provide many job opportunities and convenience to American citizens. 

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Looking to Work for the Railroad?

Written by NARVRE. Posted in Alerts and News.

Railroad Employment

Have you been offered a job with the railroad? Did a friend help you get the job? If so, you owe that friend a big steak dinner. Welcome to the club! The railroad is one of the best places to work in the United States, especially concerning your retirement. The railroad has one of the best retirements plans available for retiree’s and NARVRE or the National Association of Retired and Veteran Railroad Employees see to it that the railroad retirement benefits never change. NARVRE was established over 80 years ago, and its bylaws are still preserved to this day. According to RRB or Railroad Retirement Board, here are just a few benefits associated with their railroad employment and retirement benefits:

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RRB Annuity and Medicare Part B 2022 Increases

Written by NARVRE. Posted in Alerts and News.

If you have been following the Railroad Retirement Board website (rrb.gov) or even the news, then you are aware of the upcoming increase in your retirement wage. Your Cost-of-Living part of your annuities will see a rise in January 2022. 

Garey Faley sent a message recently explaining the facts behind the increase he says, “The Cost-of-Living increases are calculated in both Tier 1 and Tier 2 benefits included in your railroad retirement annuity. The Tier 1 benefits such as Social Security benefits, will increase by 5.9 % which equals the percentage of the CPI rise. 

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N.A.R.V.R.E. Guide to Saving for Retirement Early

Written by NARVRE. Posted in Alerts and News.

At the National Association of Retired and Veteran Railway Employees or otherwise known as N.A.R.V.R.E., our goal is to protect our members retirement benefits. We keep you abreast of any legislative proposals in Washington D.C. and then fight to keep your benefits from being changed. Another goal is to help you achieve and understand your retirement benefits. This article aims to guide you towards saving for retirement early and efficiently without breaking the bank. Therefore, we have compiled a list of tips on saving early for your retirement later. The tips are as follows: 

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Railroad Retirement Board Changes

Written by NARVRE. Posted in Alerts and News.

NARVRE

NARVRE has recently been informed of changes taking place at the Railroad Retirement Board (RRB.)  As of October 2021, the Railroad Retirement Board’s (RRB) field offices have been unable to re-open due to Covid and variants. Even though the field offices have remained closed the RRB has found ways to still be available to their members. During the Covid shutdown they had an abundance of callers with questions and concerns flood their toll-free phone number.

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Biden Signs into Law the Bipartisan “Infrastructure Investment and Jobs Act”

Written by NARVRE. Posted in Alerts and News.

NARVRE

America needs a makeover, and the House agreed by supporting the legislation to secure a $1.2 trillion (about $3,700 per person in the US) bill. The bill, titled the Infrastructure and Jobs Act or IIJA (Infrastructure Investment and Jobs Act), is the most significant investment in the nation’s infrastructure in a century. According to civil engineers, we need money for ongoing repairs on roads, bridges, rails, water and power lines, and ports.  

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How to Calculate for your Retirement

Written by NARVRE-Editor. Posted in Alerts and News.

N.A.R.V.R.E

You have worked hard for most of your life. You deserve your retirement. To have an enjoyable and stable retirement, you need to make sure you have financially planned for no longer receiving a paycheck. How to calculate for your retirement is one of the most challenging parts of retirement planning.  Figuring out how much money you should have saved is tough.   

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