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The U.S. Railroad Retirement Board (RRB) is an independent agency in the executive branch of the United States government created in 1935 [2] to administer a social insurance program providing retirement benefits to the country's railroad workers.
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.
Twenty years after his first service in the House of Representatives, [3] he was elected to the 73rd Congress and to the three succeeding Congresses and served from March 4, 1933, until his death. [1] During that time, he worked on the Railroad Retirement Act of 1935 and the Railroad Unemployment Insurance Act.
Ewing Hunter Harrison (November 7, 1944 – December 16, 2017) was a railway executive who served as the CEO of Illinois Central Railroad (IC), Canadian National Railway (CN), Canadian Pacific Railway (CP), and CSX Corporation. He is known for introducing precision scheduled railroading to the companies he ran. [3]
1946 Railroad and Social Security earnings combined to determine eligibility for and amount of survivor benefits. 1950 Regularly employed farm and domestic workers. Nonfarm self-employed (except professional groups). Federal civilian employees not under retirement system. Americans employed outside United States by American employer.
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In the years before merging with TCU, the brotherhood remained active in the realm of organized rail labor. Their main achievement during this era was the amendment of the Railway Retirement Act of 1937, which was signed by President Roosevelt and established a railroad retirement system, separate from the social security program. [1]