Financial Impact of a Loss of 10,000 Amtrak Employees

Dear Rails: 

I received an email which should concern each and every retiree.  For those of you who belong to NARVRE here is your call to action.  This is what we signed up for.  To fellow retirees your benefits may be affected by the president's proposed elimination of railroad jobs.  Keep in mind these are American jobs, good jobs.  These are fellow Americans trying to raise families and put food on the table and roofs over their heads.  This is not partisan politics, this is Americans looking out for one another.  We each need to call our respective representatives and senators and urge them to restore the funding.  Below you can find a link to your congress men and women.  Make the call and send a message to them that railroad jobs AND our retirement benefits are off the table.  If they can steamroll this through congress then they will try to further dismantle sacred cows like RR Retirement!

If signed into law, President Trump’s 2018 budget proposal would eliminate Amtrak’s long distance train service. The immediate fall out would be significant for all American rail workers resulting in the loss of 10,000 non-Northeast Corridor Amtrak jobs by the end of this year.

According to a recent report by the Railroad Retirement Board (RRB) Actuary, the impact of such job losses would result in a long-term decrease in Railroad Retirement benefits and overall increase in taxes.

Impact on RRB benefits & trust funds if 10,000 Amtrak jobs cut

While RRB accounts could absorb the loss of 10,000 Amtrak jobs, the cumulative impact of losses in the rail industry, including approximately 30,000 jobs that have been lost in just the last two years, will take a significantly negative toll on the entire system. Attached you will find the RRB’s detailed projection in loss of jobs, loss of benefits, and major increase in railroad unemployment benefits projected for 2017 and 2018.

The time to act is NOW

We must urge fellow members, friends and family to call, email and write our national elected officials  to OPPOSE any budget that would cut 10,00 Amtrak jobs, eliminate commuter rail service and irreparably harm the retirement benefits that all railroad members worked for a lifetime to secure.

Go to this link: ve-action-center

In solidarity,
John Risch National Legislative Director SMART Transportation Division