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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:
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