RRB Analysis: Trump’s budget to gut Amtrak would be disastrous for ALL rail workers
If signed into law, President Trump’s 2018 budget proposal would eliminate Amtrak’s long distance train service. The immediate fall out would be significant for all American rail workers resulting in the loss of 10,000 non-Northeast Corridor Amtrak jobs by the end of this year.
According to a recent report by the Railroad Retirement Board (RRB) actuary, the impact of such job losses would result in a long-term decrease in Railroad Retirement benefits and overall increase in taxes.
Impact on RRB benefits & trust funds if 10,000 Amtrak jobs cut
While RRB accounts could absorb the loss of 10,000 Amtrak jobs, the cumulative impact of losses in the rail industry, including approximately 30,000 jobs that have been lost in just the last two years, will take a significantly negative toll on the entire system. Attached you will find the RRB’s detailed projection in loss of jobs, loss of benefits, and major increase in railroad unemployment benefits projected for 2017 and 2018.
The time to act is NOW
We must urge fellow members, friends and family to call, email and write our national elected officials to OPPOSE any budget that would cut 10,00 Amtrak jobs, eliminate commuter rail service and irreparably harm the retirement benefits that all railroad members worked for a lifetime to secure.
Click here to urge your elected representatives to oppose any budget cuts to Amtrak’s long-distance train service via the Legislative Action Center (LAC).
National Legislative Director
SMART Transportation Division