Difference between revisions of "Railroad Retirement Board"

Revision as of 01:17, January 5, 2010

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-The Railroad Retirement Board is a Federal agency intended to provide monetary benefits to railroad workers. It was established in the 1930's, as a social insurance and welfare program, as part of Franklin Roosevelt's [[socialist]] [[New Deal]]. Railroad employees do not pay into and do not receive benefits from Social Security, instead, railroad corporations pay into a fund which the RBR administers.
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-== Probable Abuse ==
-After news broke that over 90% of Long Island Rail Road employees were collecting disability payments, the Long Island Rail Road president, Helena Williams, began investigating the agency responsible for making payments. Upon trying to attend a meeting of the RBR, she found out that they had not met in two years. The board grants nearly all applications for disability, around 98%, though this does not imply that 98% of retired employees collect disability benefits<ref>http://www.nytimes.com/2008/12/15/us/15rail.html?pagewanted=all</ref>. Many other allegations of corruption have been aimed at the RBR, as it has no real oversight (the three board members are Presidential appointees).
-[[Category:Railroads]]
-[[Category:Corruption]]