Railroad Retirement and Survivor Benefits
RRB Form IB-2 (2-13)
IB-2 Facts & Figures
PDF Version 
Table 1.--Fiscal Year 2012 Annuity Awards to 30-Year Employees Retiring Before Full
Retirement Age
|
Employee |
$3,580 |
36.5 |
|
Employee and spouse |
$5,010 |
36.5 |
|
Note.--For employees
with at least 25 years of service and a current connection, a
supplemental annuity may be payable. The supplemental
annuity amount, for awards after 1974, is $23 plus $4 for each
year of service over 25 years, up to a maximum of $43 for
employees with 30 or more years of service. Figures in
this table and Table 2 are monthly averages and include supplemental annuity amounts. |
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Table 2.--Fiscal Year 2012 Annuity Awards Based on Service Averaging Less than 30 Years
|
Employee full retirement age or over
|
$2,336
|
21.6 |
|
Employee full retirement age or over and spouse |
$3,207 |
22.6 |
|
Employee under full retirement age with less than 30 years of
service |
$1,568 |
16.3 |
|
Employee under full retirement age with less than 30 years of
service and spouse |
$2,088 |
16.8
|
|
Employee retiring because of disability |
$2,588 |
24.2 |
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Table 3.--2013 Regular Railroad Retirement Taxes
|
Employees & employers |
7.65% * |
$113,700 |
|
Employees |
4.40% |
$84,300 |
|
Employers |
12.60% |
$84,300 |
Annual regular taxes on employees earning $113,700
|
|
Tier I |
Tier II
|
Total |
|
Employees |
$8,698.05 |
$3,709.20 |
$12,407.25 |
|
Employers |
$8,698.05 |
$10,621.80 |
$19,319.85 |
* The tier I tax rate is divided into 6.20 percent for railroad
retirement and 1.45 percent for Medicare hospital insurance.
The 2013 maximum earnings base for railroad retirement is
$113,700, and the Medicare hospital insurance tax is applied to
all earnings. Consequently, employee and employer
contributions continue to be made at the 1.45 percent rate, even
after the employee has earned $113,700.
Beginning in 2013, an additional 0.9 percent in hospital
insurance taxes (2.35 percent in total) will be due on an
individual's income exceeding $200,000, or $250,000 for a
married couple filing a joint tax return. While
employers will begin withholding the additional Medicare tax as
soon as an individual's wages exceed the $200,000 threshold, the
final amount owed or refunded will be calculated as part of the
individual's Federal income tax return. |
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Table 4.--Employee Retiring with Less than 30 Years of Service
|
1937 or earlier
|
65 |
20.00%
|
|
1938 |
65 and 2 months |
20.833%
|
|
1939 |
65 and 4 months |
21.667% |
|
1940 |
65 and 6 months |
22.50% |
|
1941 |
65 and 8 months |
23.333% |
|
1942 |
65 and 10 months |
24.167%
|
|
1943 through 1954 |
66 |
25.00%
|
|
1955 |
66 and 2 months |
25.833% |
|
1956 |
66 and 4 months
|
26.667% |
|
1957 |
66 and 6 months
|
27.50%
|
|
1958 |
66 and 8 months
|
28.333%
|
|
1959 |
66 and 10 months
|
29.167% |
|
1960 or later |
67 |
30.00%
|
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