• Petitioned Republican members of US Congress

This petition was delivered to:

Republican National Committee
Republican members of US Congress
U.S. House of Representatives

Understand what and who funds Railroad Retirement

    1. Petition by

      Thomas Conway

      Troy, IL

Recently, as part of a Republican budget proposal, Railroad Retirement annuity benefits were targeted for reduction in order to address Federal budget deficits. The reality of the situation is that the Federal government would not realize any savings. Payroll taxes paid by railroad employers and their employees are the primary source of funding for the railroad retirement-survivor benefit programs.


Railroad retirement taxes, which have historically been higher than social security taxes, are calculated, like benefit payments, on a two-tier basis. Railroad retirement tier I payroll taxes are coordinated with social security taxes so that employees and employers pay tier I taxes at the same rate as social security taxes. In addition, both employees and employers pay tier II taxes which are used to finance railroad retirement benefit payments over and above social security levels. These tier II taxes are based on the ratio of certain asset balances to the sum of benefit payments and administrative expenses.

Revenues in excess of benefit payments are invested to provide additional trust fund income. The National Railroad Retirement Investment Trust manages and invests railroad retirement assets. Railroad retirement funds are invested in non-governmental assets, as well as in governmental securities.

Additional trust fund income is derived from the financial interchange with the social security trust funds, revenues from Federal income taxes on railroad retirement benefits, and appropriations from general treasury revenues provided after 1974 as part of a phase-out of certain vested dual benefits.

Recent signatures

    News

    1. This petition is in a stall.

      Thomas Conway
      Petition Organizer

      Please contact actively employed railroaders and your family members about signing this petition. We need many more signatures.

    2. Spouses, etc. are welcome to sign this petition

      Thomas Conway
      Petition Organizer

      Hopefully this petition will get more support. If any of you know current or former railroad employees, please introduce them to this petition. Spouses, children, significant others and friends of railroad employees are certainly welcome to sign the petition. Again, thank all of you who have signed and supported this petition for our railroad retirement benefits.

    3. Reached 100 signatures
    4. Thanks to all who have signed the petition. Please share it on Facebook.

      Thomas Conway
      Petition Organizer

      Hopefully any sharing via social media, etc. will increase its supporters exponentially.

    5. Reached 50 signatures

    Supporters

    Reasons for signing

    • charles philson BATON ROUGE, LA
      • about 2 years ago

      Stop the stealing!!!!!!!!!!!!!!!!!!!!!!!!!

      REPORT THIS COMMENT:
    • Jerome Chartrand ST LOUIS, MO
      • about 2 years ago

      AGREE

      REPORT THIS COMMENT:
    • debra ovak AFFTON, MO
      • about 2 years ago

      Railroad Retirement is not the federal goverments escape fund.

      REPORT THIS COMMENT:
    • Jacquelyn Reynolds WEBSTER GROVES, MO
      • about 2 years ago

      No one has the right including the Federal Government to touch our retirement, we paid for it ourselves.

      REPORT THIS COMMENT:
    • Jeannie Van winkle O FALLON, IL
      • about 2 years ago

      @ we worked hard for our railroad retirement.

      REPORT THIS COMMENT:

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