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| RAILROAD RETIREMENT BENEFITS WILL INCREASE IN 2020 |
| Most railroad retirement annuities, like social security benefits, will increase in January 2020 due to a rise in the Consumer Price Index (CPI) from the third quarter of 2018 to the corresponding period of the current year. Cost-of-living increases are calculated in both the tier I and tier II benefits included in a railroad retirement annuity. Tier I benefits, like social security benefits, will increase by 1.6 percent, which is the percentage of the CPI rise. Tier II benefits will go up by 0.5 percent, which is 32.5 percent of the CPI increase. Vested dual benefit payments and supplemental annuities also paid by the Railroad Retirement Board (RRB) are not adjusted for the CPI change... |
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