Railroad Retirement Information
Railroad Retirement Taxes for 2023
2023 Tier I Earnings Base and Tax Rate
Annual Maximum – $160,200.00
Employee and Employer Tax Rate – 6.2%
Maximum Payable by an Employee & Employer – $9,932.40
2023 Tier II Earnings Base and Tax Rate
Annual Maximum – $118,800.00
Employee Tax Rate – 4.9%
Maximum Payable by an Employee – $5,821.20
Employer Tax Rate – 13.1%
Maximum Payable by an Employer – $15,562.80
When Can I Retire?
Download a form to see the general conditions under which a railroader is entitled to start receiving a retirement annuity based on the employee’s age and years of service.