(The U.S. Railroad Retirement Board issued the following information on October 16.)
CHICAGO — The US Railroad Retirement Board has announced that the taxable earnings base for Tier I retirees will be $106,800 in 2009, up from $102,000 in 2008. The taxable earnings base for Tier II retirees will be $79,200 in 2009, up from $75,900 in 2008. The COLA for Tier I benefits is 5.8% and the COLA for Tier II benefits is 1.9% for 2009.
For more details, visit the Railroad Retirement Board website:
http://www.rrb.gov/act/col.asp