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 prioritize funding for both Amtrak and the Railroad Retirement Board. Our mission has always been to assist elected representatives to help them understand the complexities of the railroad retirement system. It is important to note that even today, many members of Congress need to be made aware of our situation under the Railroad Retirement Act, which underscores the critical nature of our advocacy efforts.
Tag: National Association of Retires and Veteran Railroad Employees
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 set up a national railroad retirement system. If you are a retired railroad worker, you know your benefits differ from Social Security’s. Although both programs share some similarities, there are some notable differences in funding and benefit structure. Keep reading as we highlight some critical areas where these two retirement programs differ.
Stop Cuts to Railroad Workers’ Benefits by Supporting the Railroad Employee Equity and Fairness (REEF) Act
From Desk of National Legislative Director Gary Faley
NARVRE Members, we need to step up and help our fellow railway workers. Please make the call.
At N.A.R.V.R.E., National Association of Retired and Veterans Railway Employees, we do meaningful work. We are sure that every member is proud and happy to spread the word about the benefits of being a member of N.A.R.V.R.E. Yet, sometimes, knowing how to spread the word can be difficult. You may think you have tried everything. You have been to the stations and put-up flyers on the bulletin boards. You might spread highlights of N.A.R.V.R.E.’s work on your own Facebook page. You go to the meetings and talk with newcomers. We are thankful for you and thankful that you see the good we do and want to pass it on to others.
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.
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.
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:
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.
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:
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.