1370 Ontario St. - Mezzanine, Cleveland, Ohio 44113 • (216) 241-2630 / Fax: (216) 241-6516

Membership
Benefits
News and Issues
Departments
Secretary-Treasurers
Information
Merchandise
Communications
FELA
Events
Links
User Info

Ryan Budget Threatens Railroad Retirement

Remember in November!

On March 29, the U.S. House of Representatives adopted federal budget legislation that would have devastating effects on the retirement security of all active and retired railroad workers.

The bill is commonly known as the “Ryan Budget” as it was sponsored by Budget Committee Chairman Paul Ryan (R-WI). Its formal title is House Concurrent Resolution (H. Con. Res.) 112. The bill passed by a vote of 228-191, with 10 Republicans joining all of the Democrats in voting against it.

Perhaps the most devastating portion of the Ryan Budget are the provisions that sponsors claim “would conform Tier 1 so that its benefits would equal those of Social Security, with an estimated savings to taxpayers of $2 billion over 10 years.”

FUNDAMENTAL MISUNDERSTANDING

The Ryan Budget demonstrates a fundamental misunderstanding of the relationship between Railroad Retirement and Social Security! It ignores the fact that all Railroad Retirement benefits above Social Security — whether Tier 1 benefits or Tier 2 benefits — are fully funded by railroad workers and their employers; none of these benefits are funded from the general treasury. Therefore, no actual budgetary savings would result from enactment of this legislation.

IMPORTANT LINKS

BLET NEWS FLASHES

OTHER NEWS

© 1997-2015 Brotherhood of Locomotive Engineers and Trainmen

 


Safety Task Force Hotline
800-306-5414

Decertification Helpline
800-393-2716

DAILY HEADLINES

Teamster Nation: Get the latest updates in the War on Workers
Sen. Bernie Sanders calls for $1 trillion investment in nation's infrastructure
Senate commerce committee addressed freight rail issues at Wednesday hearing
Agriculture's discussion of rail service issues continues at Senate hearing
Surface transportation bill a hot topic at Senate public works committee hearing
Chair Bill Shuster announces House T&I subcommittee assignments
The Kochs put a price on 2016: $889 million
NMB: Labor-management cooperation at the heart of government effort to bring efficiency to arbitration system
AAR: Railroads report weekly rail traffic for week ending January 24
UP train hit veterans parade float 39 inches from end of trailer
Canada's Transportation Safety Board concerned with government response to Lac-Megantic rail disaster
New York area mass transit mostly back to normal after snowstorm
Amtrak to spend $12 million to rehab Chicago's Union Station
DOT should get moving on oil train safety rules, Washington's Senator says
Bakken crude rolls over Ohio rails
E.H. Harriman put bankrupt railroads on track
RRB announces Spring 2015 dates for informational conferences and new pre-retirement seminars
Railroad Retirement spouse benefits

More Headlines


Enter your e-mail address to receive BLET news updates.

Subscribe  Unsubscribe