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BenefitsLink > Q&A Columns >

Stop, Look & Listen: Railroad Retirement Benefits Q&A

Answers are provided by Robert S. Kaufman

Investment of Tier 2 Trust Funds

(Posted February 6, 2004)

Question 373: What happened to the $15 billion that Railroad Retirement transferred to the new National Railroad Retirement Investment Trust (NRRIT) in 2002?

Answer: Tier 2 Funds are managed now by the new NRRIT, an entity that is independent of the RRB (it is not a governmental entity).

The new trust became effective on February 1, 2002 under legislation passed by the Congress and signed by President Bush in late 2001.

NRRIT has invested the Tier 2 funds prudently in public and private market instruments. The trust issues quarterly reports on its investment activities; the rates of return are available online at:
http://www.rrb.gov/nrrit/information.htm (click)


Important notice:

Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.

The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.


Copyright 1997-2017 Robert S. Kaufman
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