As someone seeking a railroad job, can someone explain how the RRB works in more simple terms? I was blown away at my first interview about how it works. I get that you don’t pay into social security and your spouse gets an additional 50% of what you get (guess that really screws people without spouses). I have looked at the RRB’s website, but maybe I need to just sit down and go through it.
What happens with my current retirement, (Illinois Municipal Retirement Fund, Social Security)?
What if I change railroads, for example from CN to UP/BNSF? What about non-class 1s? Of those railroads participating in the RRB, did they all follow the exact same rules?
What is all this Tier I, Tier II, and vested business about?
Or am I just blowing it all out of proportion, and should just read the RRB's site?
Thanks for the input.
What happens with my current retirement, (Illinois Municipal Retirement Fund, Social Security)?
What if I change railroads, for example from CN to UP/BNSF? What about non-class 1s? Of those railroads participating in the RRB, did they all follow the exact same rules?
What is all this Tier I, Tier II, and vested business about?
Or am I just blowing it all out of proportion, and should just read the RRB's site?
Thanks for the input.