If you already know your job title, looking at the best railroad to work for would be next. The first tier is based on combined railroad retirement and social security credits, using social security benefit formulas. You will see the following differences from the usual W-2: Boxes 3 through 7 are blank. The RRB serves U.S. railroad workers and their families, and administers retirement, survivor, unemployment, and sickness benefits. This table presents a list of U.S. railroad industry occupations, including job counts, average hourly wages, and average annual salaries. To be eligible for this benefit, the railroad worker must: The Federal Standard Occupational Classification system is used to classify workers, with SOC code listed after each occupation. Does the railroad pay good? The answer is: Yes and Yes. A railroad van driver transports train crew members between the destination of their train and their base or from headquarters to the starting point of the train’s journey. In this career, you drive a passenger van, a shuttle bus, or a similar vehicle. Unlike Social Security, workers covered by RRB are also eligible for an “occupational disability” benefit. Some workers drive trains, some coordinate the activities of the trains, and others operate signals and switches in the rail yard. The program, created by the Railroad Retirement Act (RRA), is very similar to the better-known Social Security program.Its purpose is to provide retirement benefits for railroad workers who do not receive Social … Instead, box 14 Other reports “RRTA compensation,” “Tier I tax,” “Tier II tax,” “Medicare tax,” and “Additional Medicare Tax.” A "Railroad W2" is a standard IRS Form W-2 issued to an employee covered by the Railroad Retirement Act (RRTA). Data provided by the Bureau of Labor Statistics (2011). Do railroad workers make good money? The taxes under the railroad retirement system are included in two tiers. As you've learned the railroad workers make great money ranging between $50,000-$140,000/year. The U.S. Railroad Retirement Board (RRB) is an independent agency in the executive branch of the United States government created in 1935 to administer a social insurance program providing retirement benefits to the country's railroad workers.. Visit PayScale to research Union Pacific Railroad salaries, bonuses, reviews, benefits, and more! What Does a Railroad Van Driver Do? Duties Railroad workers typically do the following: Establishing a myRRB account gives workers a head start in the event that RRB unemployment or sickness benefits are needed by railroad workers in the case of carrier furloughs or illness. Railroad track workers build, inspect, maintain, and repair more than three hundred thousand miles of railroad track across the country. The Act, passed in 1926 and amended in 1934 and 1936, seeks to substitute bargaining, arbitration and mediation for strikes to resolve labor disputes. This benefit helps people who can still do some type of work, but whose disability prevents them from doing their normal railroad duty. Workers in railroad occupations ensure that passenger and freight trains run on time and travel safely. Railroad retirement replaces the social security system for railroad workers. The Railway Labor Act is a United States federal law on US labor law that governs labor relations in the railroad and airline industries. The average salary for Union Pacific Railroad employees is $86,085 per year. The Railroad Retirement Board (RRB) provides annuities to individuals who spent a large portion of their career in railroad employment, as well as to the employees' spouses.

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