QUOTE: [i]Originally posted by BaltACD The documentation is my W-2's for the year 1990 when I was employed in both Technology and Operations during the taxable year and received a W-2 from each company.....While I was in Technology, Social Security was withheld....not Railroad Retirement. While in Operations I was back in Railroad Retirement. The Technology payroll and the Operations payroll were totally separate and because of this, on my taxes I was able to receive a refund amount account of excess SSA/RRTA having been with held during the year.
QUOTE: Originally posted by bobwilcox QUOTE: Originally posted by BaltACD The end of Railroad Retirement is an action being taken by all railroads. CSX has removed all departments that are not directly involved with train opeations, either operations or financially from Railroad Retirement....departments such as Real Estate and Technology. I presume other Class I's are taking similar actions. Needless to say removing employees from the purview of Railroad Retirement reduces the base from which Railroad Retirement has to operate. Class I's would love nothing better than to sell themselves into miriad 'Short Lines', thereby abrogating all existing labor agreements and haveing the secondary function of killing Railroad Retirement. While I am not a forensic accountant, I expect if one 'follows the money' in all the short line spin offs from the various Class I's you will find tha the money comes back to the Class I's that 'spun off' their properties as short lines. The Class I's still get the traffic from the short line, all the while breaking the labor agreement by seemingly legal means. I would like to see some documentation on your claims. Management does not get to pick and choose who they pay Tier I and Tier II taxes on. They pay taxes on everbody from the CEO down to the new hires who have spent at least 90 days on the payroll. Of course if the outsource a function that is a different story.
QUOTE: Originally posted by BaltACD The end of Railroad Retirement is an action being taken by all railroads. CSX has removed all departments that are not directly involved with train opeations, either operations or financially from Railroad Retirement....departments such as Real Estate and Technology. I presume other Class I's are taking similar actions. Needless to say removing employees from the purview of Railroad Retirement reduces the base from which Railroad Retirement has to operate. Class I's would love nothing better than to sell themselves into miriad 'Short Lines', thereby abrogating all existing labor agreements and haveing the secondary function of killing Railroad Retirement. While I am not a forensic accountant, I expect if one 'follows the money' in all the short line spin offs from the various Class I's you will find tha the money comes back to the Class I's that 'spun off' their properties as short lines. The Class I's still get the traffic from the short line, all the while breaking the labor agreement by seemingly legal means.
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QUOTE: Originally posted by amtrak-tom In one of the proposed "reforms", Amtrak wants to opt out of the Railroad Retirement System in order to be "more competitive! More competitive with who?? About the only reason why most of the Amtrak employees have remained on was because of railroad retirement. It certainly isn't because of: not receiving a fair wage, sitting 5 years plus without a labor agreement, the 3¢ an hour cost of living raises (yes, not 3% --- 3 CENTS! The last COLA was 12¢), and no retroactive pay once an agreement should be reached. And why won't the unions settle? Because the so called raises are not really raises! For example, the proposed maintainer raise is about $24 per week, but, the company wants $75 of that per month back for health care costs! So, we have a proposed $96 per month raise (before taxes) minus the $75 health care! Wonder how much bring home there will be after taxes?? The RRTA system would certainly be hurting if about 19,000 railroad employees stopped contributing to the fund. Sign Me, Frustrated
Originally posted by amtrak-tom Living nearby to MP 186 of the UPRR Austin TX Sub Reply Anonymous Member sinceApril 2003 305,205 posts Amtrak Wants Out of RRTA !! Posted by Anonymous on Sunday, April 24, 2005 12:23 PM In one of the proposed "reforms", Amtrak wants to opt out of the Railroad Retirement System in order to be "more competitive! More competitive with who?? About the only reason why most of the Amtrak employees have remained on was because of railroad retirement. It certainly isn't because of: not receiving a fair wage, sitting 5 years plus without a labor agreement, the 3¢ an hour cost of living raises (yes, not 3% --- 3 CENTS! The last COLA was 12¢), and no retroactive pay once an agreement should be reached. And why won't the unions settle? Because the so called raises are not really raises! For example, the proposed maintainer raise is about $24 per week, but, the company wants $75 of that per month back for health care costs! So, we have a proposed $96 per month raise (before taxes) minus the $75 health care! Wonder how much bring home there will be after taxes?? The RRTA system would certainly be hurting if about 19,000 railroad employees stopped contributing to the fund. Sign Me, Frustrated Reply Edit Join our Community! Our community is FREE to join. To participate you must either login or register for an account. Login » Register » Search the Community Newsletter Sign-Up By signing up you may also receive occasional reader surveys and special offers from Trains magazine.Please view our privacy policy More great sites from Kalmbach Media Terms Of Use | Privacy Policy | Copyright Policy
Living nearby to MP 186 of the UPRR Austin TX Sub
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