Railroad Retirement Board Stability Act
Sponsored By: Senator Cassidy, Bill [R-LA]
In Committee
Summary
Creates a dedicated Treasury Administrative Account for the Railroad Retirement Board to fund ongoing administration of Railroad Retirement and Railroad Unemployment Insurance benefits and to support legacy IT modernization. It also sets transfer limits, minimum technology-fund amounts, and GAO oversight requirements.
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- Families and retirees: Would provide a dedicated funding source for benefit processing and legacy-systems modernization that supports payment and claims administration for Railroad Retirement and Railroad Unemployment Insurance benefits.
- Railroad Retirement Board operations: Would allow transfers into the Account from three specified sources and preserve source-based restrictions. Annual transfer caps limit amounts to the lesser of specified percentages of benefits or of the National Railroad Retirement Investment Trust, using 1.25% (FY2027–2031) and 1.15% (FY2032+) alongside a 0.75% Trust-based cap.
- Modernization and oversight: Establishes a separate Technology Fund with minimums of $10 million in FY2027 and $20 million in each FY2028–FY2031 and requires a GAO report within 10 months and a follow-up after FY2031 on modernization plans and remaining costs.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
New Railroad retirement admin account
If enacted, the bill would create a permanent Railroad Retirement Board Administrative Account in the Treasury for administering railroad retirement and railroad unemployment programs. Each year the Board would be able to transfer money into the Account up to the lesser of (a) 1.25% of benefits paid in the prior year (1.15% starting FY2032) or (b) 0.75% of the Trust, minus any unobligated Account balance. The bill would keep source limits so Social Security equivalent benefit funds and unemployment admin funds are used only for their allocated administration. It would also update other statutes so existing transfer rules point to the new Account.
Temporary pension premium due-date change
If enacted, the bill would change the premium due date for single-employer pension plans with plan years starting after Dec 31, 2035 and before Jan 1, 2037. For those plan years, the premium would be due on the 15th day of the ninth calendar month that begins on or after the first day of the premium payment year. This would override the normal ERISA due date and related regulation for that limited window.
Sponsors & CoSponsors
Sponsor
Cassidy, Bill [R-LA]
LA • R
Cosponsors
Sen. Sanders, Bernard [I-VT]
VT • I
Sponsored 7/14/2026
Sen. Banks, Jim [R-IN]
IN • R
Sponsored 7/14/2026
Sen. Kaine, Tim [D-VA]
VA • D
Sponsored 7/14/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov