Railroad Retirement Board Stability Act
A bill to amend the Railroad Retirement Act of 1974 to establish a Railroad Retirement Board Administrative Account, and for other purposes.
This bill, SB4965, proposes to amend the Railroad Retirement Act of 1974. It aims to establish a Railroad Retirement Board Administrative Account to ensure the financial stability of the Railroad Retirement Board. This board provides retirement, survivor, and disability benefits to railroad employees and their families. The changes in the bill are intended to help maintain the board's ability to pay out benefits reliably.
The bill would mainly affect railroad workers, retirees, and their families by ensuring the long-term stability of the benefits they receive. By creating a dedicated administrative account, the bill aims to provide a more secure financial foundation for these benefits, protecting them from potential funding shortfalls.
As of July 30, 2026, the bill has been introduced and referred to the Senate Committee on Health, Education, Labor, and Pensions. The committee has reported the bill with a favorable amendment. Key actions include the initial introduction on July 14, 2026, and the committee's favorable report on July 30, 2026. The next steps will involve further consideration and potential passage in the Senate.
