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Repeal the Railroad Retirement Act and save $8 Billion

Created by A.S. on February 13, 2012

Originally enacted in 1936 when the country depended on the railroad infrastructure and workers were at the mercy of a chaotic employer base, the Railroad Retirement Act (RRA) sought to guarantee worker pension, medical coverage, and unemployment. Although no less reliant on railroad infrastructure, the employer base has stabilized with a very few number of established interstate corporations controlling and managing the nations rails. Today the RRA is a legacy program which subsidizes the employer's contribution to Social Security, artificially inflates the payout to a select number of retirees, and duplicates the work of Medicare and state-sponsored unemployment insurance. Repeal the RRA, enroll current retirees into traditional Social Security and Medicare and save $8 billion.

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