Category: Secretary & Treasurer

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2012 tax rates to remain the same

March 9, 2012 Local treasurers should note that employees will continue to receive the benefit of reduced payroll taxes and access to extended unemployment benefits under legislation signed by President Barack Obama on Feb. 22. That law, the Middle Class Tax Relief and Job Creation Act of [...]

Tags payroll taxes, Treasurers

Notice to UTU local treasurers

January 17, 2012 UTU local treasurers must file Internal Revenue Service forms W-2 and W-3 forms for all employees receiving wages in 2011. The W-2 form reports wages paid to employees, and the Social Security or Railroad Retirement taxes and Medicare taxes withheld, and must be filed with th [...]

Register for treasurers’ workshop, Oct. 18-20

August 22, 2011 The UTU International will conduct a workshop for treasurers Oct. 18-20 at the UTU headquarters in North Olmsted, Ohio. Attendance is limited to 24 registrants and the deadline to register is Oct. 7. If you are interested in attending the workshop, telephone Executive Assista [...]

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RRB 2010 earnings forms to be mailed in June

May 23, 2011 The Railroad Retirement Board will mail to railroad workers in June their annual Certificate of Service Months and Compensation (Form BA-6), showing creditable railroad service and compensation for 2010. If you do not receive this Form BA-6 by July 1, or if you find the infor [...]

Tags BA-6, BA6, certificate, Railroad Retirement Board, RRB

Disciplined finance management has paid off

May 17, 2011 By General Secretary & Treasurer Kim Thompson Just as you balance your personal checkbook and compare income to expenses in making decisions where to spend and where to save, we at UTU International make similar decisions with your dues. Accepting responsibility to protec [...]

Tags dues, expenses, finances, fund, funds, thompson

Don’t let them fool you about Railroad Retirement

April 6, 2011 An opinion article recently published by the Financial Times and Fox News, written by conservative financial columnist Liz Peek, takes a nasty and incorrect swipe at Railroad Retirement, saying Railroad Retirement should be eliminated and folded into Social Security. The argu [...]

Tags anti-union, attacks, benefits, payroll taxes, railroad retirement, RRB, union busting

RRB adjusts withholding for 140,000 annuitants

February 10, 2011 The Railroad Retirement Board reports it has adjusted benefits — effective with February benefits checks — for more than 140,000 beneficiaries to reflect new federal income tax withholding rates. The new rates comply with provisions of the congressionally passed T [...]

Tags benefits, Railroad Retirement Board, rates, RRB, tax rates

Treasurers’ payroll tax update

January 11, 2011 Railroad Retirement, Social Security, Medicare and Railroad Unemployment Insurance payroll taxes have changed for 2011. Following are the tax rates: Railroad Retirement Tier I: Paid by employer: 6.20% on wages up to $106,800. Paid by employee: 4.2% on wages up to $106,800. S [...]

Tags payroll taxes, railroad retirement, Social Security, tax, tax rates

2011 tax rates

January 10, 2011 To see the tax rates for 2011, click here.

UTU treasurers’ alert: IRS payment changes

December 3, 2010 All UTU locals are now required to make federal tax payments on-line using the Electronic Federal Tax Payment System (EFTPS). This is because the Internal Revenue Service announced that effective Jan. 1, 2011, it no longer will accept Form 8109 FTD (federal tax deposit) coupo [...]

Tags EFTPS, electronic federal tax payment system, electronic payment, Form 8109 FTD, IRS, payroll tax