Social Security has a direct impact on Railroad
Retirement because the Tier 1 benefits are the same as
social security. What doesn’t get paid from the social
security trust fund gets paid from the railroad retirement
trust fund.
In other words,
while we can retire at 60, because social security doesn’t
retire until 65 or 67, the difference in the tier 1 is paid
from railroad retirement until the beneficiary reaches
social security retirement and at that time it is paid from
social security.
The need for social
security reform is a fraud.