2024 RRB RL-47 Benefits Notice

Got mine today!

Tier I; 3.2% Increase which matches SSA

Tier II; 1%

I left the industry during December 1981; so my Benefits are largely unaffected by the lack of much in the way of a Tier II increase. Funny thing I have never understood is that the "Tier II Trust Fund" is invested in the private sector, which to me means stock market.

Somehow, I think the Market over this past year has gained more than 1%. I know my portfolio has.

The Tier II increase is determined by statute, and is calculated as 32.5% of the CPI increase. So no matter where the money comes from and what rate of return the funding source earns, the increase to beneficiaries is always 32.5% of the CPI (Tier I) increase.