There is a 0.3% cost-of-living increase for Tier I beneficiaries and a 0.1% cost-of-living increase for Tier II beneficiaries in 2017. In addition, the U.S. Railroad Retirement Board has announced that the taxable earnings base for Tier I retirees will be $127,200 in 2017. The taxable earnings base for Tier II retirees will be $94,500 (RRB Communication, 10/18/2016.)
Surcharge. The Railroad Retirement Board has determined that there will be a 1.5% surcharge added to the basic Railroad UI Act tax rate for established employers beginning January 1, 2017. There was also a 1.5% surcharge in 2016. The rate for new employers will be the average rate for all employers from 2013 through 2015 (RRB Communication, 10/5/2016.)
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