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Annuities are also payable to spouses and divorced spouses of retired workers and to widow(er)s, surviving divorced spouses, remarried widow(er)s, children, and parents of deceased railroad workers. Qualified railroad retirement beneficiaries are covered by Medicare in the same way as social security beneficiaries.
The Railroad Retirement Program is a federal program that extends retirement benefits to railroad employees. The program was established in the 1930s and in addition to retirement benefits, it ...
The Railroad Retirement Act replaced the Social Security Act specifically for railroad industry workers, while the Railroad Unemployment Insurance Act established a system of benefits for railroad ...
Planning for retirement with a spouse makes things easier in some ways and more difficult in others. In many couples today, both partners are employed so they can work together to save for their ...
The Railroad Retirement Revenue Act of 1983, also known as the Railroad Retirement Solvency Act of 1983 (Public Law 98-76), was passed on August 12, 1983. Among other things, it raised tax rates for the railroad retirement taxes.
Form RRB-1099-R "Pension and Annuity Income by the Railroad Retirement Board" is the Railroad Retirement Board counterpart to Form 1099-R. [9] Form W-4P "Withholding Certificate for Pension or Annuity Payments" is filed by payment recipients to inform payers the correct amount of tax to withhold from their payments.
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