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Tag: RRB news

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Cost of Living Adjustment Will Increase Railroad Retirement Benefits

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.

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RRB Offices Remain Open During Shutdown

During the lapse in federal funding, the U.S. Railroad Retirement Board (RRB) has announced that most ongoing annuity and benefit payments will continue and all RRB offices are expected to remain open.

RRB field offices will continue to accept new claims for unemployment and sickness benefits, as well as new applications for retirement, survivor, and disability annuities. Persons receiving ongoing annuity and benefit payments are still required to report any events that would affect their payment eligibility. Regular benefits, including vested dual benefits, will continue to be paid on the first of the month.

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Funding for the Railroad Retirement Board

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 budget for the Railroad Retirement Board is $138.575M. While this is an increase, it only supports around 729 full-time employees.  

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RRB News U.S. Railroad Retirement Board

For the last four years, Republicans in Washington have underfunded the Social Security Administration to the tune of $2.7 billion resulting in the closures of 80 Social Security field offices and 500 contact stations across the country. They are attempting to undermine our Social Security system through a depletion of services.

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