New law gives boost to retiree income
Retirees can earn more each month as President Bush signs H.R. 5483
President George W. Bush signed H.R. 5483, the Railroad Retirement Disability Earnings Act, into law on Friday, January 12.
"This bill will allow our retirees to earn more money to supplement their Railroad Retirement income," said BLET National President Don Hahs. "Passage of this bill represents a victory for our Legislative Department, Rail Labor, but most importantly, our retired members."
The U.S. Senate passed the bill by voice vote on December 9, and it was passed by the U.S. House of Representatives on September 28.
"Congratulations to all of those in rail labor who worked on this legislation," BLET Vice President and National Legislative Representative John Tolman said. "I would especially like to thank those BLET members who wrote letters, called, faxed and emailed their Senators and Representatives. The signing of this legislation provides much needed relief for our Brothers and Sisters on disability."
The new law will raise the outside earning limits of retired railroad workers from $400 to $700 per month.
The measure becomes effective immediately, and will also create an indexing formula to provide for automatic increases in the future. The $400 cap was established more than a decade ago.
© 2007 Brotherhood of Locomotive Engineers and Trainmen