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Railroad retirement benefit payments are financed primarily by payroll taxes paid by railroad employers and their employees. Since 2002, funds not needed immediately for benefit payments or administrative expenses have been invested by an independent National Railroad Retirement Investment Trust, which qualifies as non profit 501(c)(28). As of ...
R.R. Donnelley & Sons Company was founded in Chicago in 1864 by Richard Robert Donnelley. His son, Reuben H. Donnelley, founded the otherwise unrelated company formerly known as R. H. Donnelley. [5] Richard Robert Donnelley established his company in downtown Chicago, which in 1870 became the Lakeside Printing and Publishing Company.
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.
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R.R. Donnelley & Sons (NAS: RRD) carries $2.8 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.
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Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined.. In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan.
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