Tag: cola

Cost of Living Adjustment Will Increase Railroad Retirement Benefits

Written by NARVRE. Posted in Alerts and News.

Most railroad retirement annuities, like social security benefits, will increase in January 2026 based on a rise in the Consumer Price Index (CPI) from the third quarter of 2024 to the corresponding period of the current year.

Cost-of-living increases are calculated in both the tier I and tier II portions of a railroad retirement annuity. The tier I portion, like social security benefits, will increase by 2.8 percent, which is the percentage of the CPI rise.

2025 Cost of Living Benefits Increase Boosts Railroad Retirement Benefits

Written by NARVRE. Posted in Alerts and News.

As we move into 2025, retired railroad employees can anticipate a welcome increase in their Railroad Retirement Annuity thanks to cost-of-living adjustments (COLA). These adjustments are critical for helping retirees keep up with inflation and rising expenses. Let’s look at how the 2025 COLA increase will impact both the Tier I and Tier II portions of railroad retirement benefits.

An Update on NARVRE Activities in February 2023

Written by NARVRE. Posted in Alerts and News.

We are now in the second month of 2023, and thankfully due to the increase in COLA, you should be receiving more money since the COLA benefit rose to 8.7% in Tier 1 and 2.8% in Tier 2 for railroad retirement benefits.

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

Written by NARVRE. Posted in Alerts and News.

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.