After making necessary programming changes to agency systems, the U.S. Railroad Retirement Board (RRB) began processing and paying extended unemployment insurance (UI) benefits for railroad workers sidelined during the COVID-19 pandemic. The federal Coronavirus Aid, Relief and Economic Security (CARES) Act authorized extended UI benefits to rail workers who received UI benefits from July 1, 2019, to […]
Based on the current environment surrounding the Coronavirus COVID-19 pandemic, issues are arising that railroad employees need to be aware of. Members need to understand the current implications of all the requirements and the impact on their Railroad Retirement benefits and medical coverage. The latest update of the questions and answers from the U.S. Railroad […]
The ultimate lesson of James J. Hill and his Great Northern Railroad is that the “winners” government picks today are the “losers” of tomorrow. A famous saying, especially prescient in times like this, is “those who do not learn from history are doomed to repeat it.” Last month, Congress mortgaged the nation’s future in […]
By Sally P. Schreiber, J.D. for journalofaccountancy.com Treasury announced Wednesday that Social Security and Railroad Retirement benefit recipients will receive economic stimulus payments automatically without having to file a tax return. On Monday, the IRS had said that only taxpayers who had filed tax returns for 2018 or 2019 would receive their payments automatically. (See prior […]
Last week, Congress passed and the President signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748. This $2 trillion bill is meant to help stimulate the American economy, and weather the ongoing COVID-19 pandemic. With millions filing for unemployment, this couldn’t have come at a better time. TCU’s Legislative Department has been on […]