Reforming the Railroad Retirement system

Sass, Steven A. “Reforming the Railroad Retirement system”. CRR WP 2013-13, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, June 2013. http://hdl.handle.net/2345/bc-ir:104766.
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Abstract

The government's Railroad Retirement program is a clear anomaly in the U.S. economic landscape. The program taxes employers and workers in a specific private-sector industry to provide pensions to workers in that industry. Like Social Security, Railroad Retirement had been funded on a pay-as-you-go basis, with Trust Fund assets invested in government bonds. In the 1990s, however, the carriers and unions developed a proposal for reforming the program that involved investing Railroad Retirement assets in equities, similar to private-sector pension funds. Despite opposition in Washington from those who feared it would create a precedent for investing Social Security assets in equities, Congress enacted the industry proposal in 2001.

Title
Reforming the Railroad Retirement system
Author
Sass, Steven A.
Center
Center for Retirement Research
Genre
working paper
Date Issued
June 2013
Publisher
Center for Retirement Research at Boston College
Series Title
CRR WP
Series Number
2013-13
Persistent Link
http://hdl.handle.net/2345/bc-ir:104766
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing retirement

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