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Rail News Home Rail Industry Trends

1/18/2007



Rail News: Rail Industry Trends

Retirement earnings bill becomes law


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Last week, President Bush signed the Railroad Retirement Disability Earnings Act (H.R. 5483), which the U.S. House passed Sept. 28 and Senate passed Dec. 9.

Introduced in the House in May 2006 by Rep. Don Young (R-Alaska), the legislation raises retired railroad workers’ monthly earning limit from $400 — as established more than a decade ago under the Railroad Retirement Act — to $700 and creates an indexing formula to automatically increase the earning limit based on inflation. The changes are retroactive to Jan. 1, 2007.

“This bill will allow our retirees to earn more money to supplement their railroad retirement income,” said Brotherhood of Locomotive Engineers & Trainmen National President Don Hahs in a prepared statement.


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