Did the 24th valuation of the railroad retirement system recommend any railroad retirement payroll tax rate changes?
The report did not recommend any change in the rate of tax imposed by current law on employers and employees. The absence of projected cash-flow problems for at least 22 years under each employment assumption indicated that an immediate increase in the tax rate schedule is not required. 6. What were the findings of the 2009 report on the financial condition of the railroad unemployment insurance system? The RRB’s 2009 railroad unemployment insurance financial report was also generally favorable. Even as maximum benefit rates increase 43 percent (from $61 to $87) from 2008 to 2019, experience-based contribution rates are expected to keep the unemployment insurance system solvent, except for small, short-term cash-flow problems in 2010 and 2011 under the moderate and pessimistic assumptions. However, projections show a quick repayment of any loans even under the most pessimistic assumption. Unemployment levels are the single most significant factor affecting the financial status of the r
