Re: (erielack) Railroad Pension

["HiballHum_@_aol.com"]

Dear Fred,

In answer to your question, most railroaders (covered by labor agreements at 
least) do not pay one cent into the Social Security system. We have two 
levels, or "tiers" of deductions take out of our checks, each for a specific 
purpose. I have forgotten offhand what the different tiers are for, but I 
will look in my files and provide this information if you would like.

The different tiers of deductions are taken out simultaneously, to a certain 
point. I believe the tier two is taken out to a point just past $60,000.00 
and tier one stops after about $75,000.00. My colleagues and I always enjoy 
those last few checks of the year for precisely those reasons!

Hope this helps answer your question!

Markers,

J.E. Humbert
"HiballHum_@_aol.com"
BLE Div. #494
St. Paul, MN

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