Railroad Retirement Board [RRB] Law and Legal Definition
Railroad Retirement Board or RRB is an independent agency created in 1930,s under the U.S. government. Its head quarters are in Chicago and Illinois. The primary function of the RRB is the determination and payment of benefits under the retirement-survivor and unemployment-sickness programs to the country's railroad workers.
The RRB has administrative responsibilities under the Social Security Act for certain benefit payments and railroad workers' Medicare coverage. Billions of dollars of retirement and survivor benefits are paid to beneficiaries annually b the RRB.
The RRB is headed by three members appointed by the President of the U.S., with the advice and consent of the Senate. Out of the three members, the Chairman is appointed to represent the public interest, one member is appointed upon the recommendation of railroad employers, and the third one is appointed upon the recommendation of railroad labor organizations. The board members' terms of office are 5 years and are scheduled to expire in different years. The President also appoints an Inspector General for the RRB. The Inspector General employs auditors and investigators to detect any waste, fraud, or abuse in the benefit programs
The RRB uses field representatives to assist railroad personnel and their families in filing claims for benefits and examiners to adjudicate the claims.
Legal Definition list
Related Legal Terms
- Accounting Principles Board
- Across-the-Board Increase [Employment]
- Actuarial Experience [Employee Retirement]
- Actuarial Services [Employee Retirement]
- Actuarially Sound Retirement System
- Adjustment Board
- Administrative Board
- Agency Records [Recovery Accountability and Transparency Board]
- Agency School Board
- Agricultural Research Advisory Board
