"Social Security has a direct impact on Railroad Retirement because the Tier 1 benefits are the same as social security. What doesn't get paid from the social security trust fund gets paid from the railroad retirement trust fund.
In other words, while we can retire at 60, because social security doesn't retire until 65 or 67, the difference in the tier 1 is paid from railroad retirement until the beneficiary reaches social security retirement and at that time it is paid from social security.
The need for social security reform is a fraud."
