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Answers are provided by Robert S. Kaufman
The Advantages of Tier 2 To Rail Workers
(Posted April 9, 2009)
Question 697: Has Tier II been considered to be a benefit or advantage to rail workers?
Answer: Tier 2 definitely is a benefit for rail workers.
It's provided in lieu of a private industry pension, and is fully guaranteed by the U. S. Government.
In an age of depleted 401(k) accounts and industrial bankruptcies, it provides a valuable asset and safety net to rail workers and their families.
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