Description : RR - 02/04/2000 - Correction to BIG LIE Fact #5

February 4, 2000

CORRECTION TO BIG LIE FACT #5

At the time the Big Lie was written and distributed it appeared that lifting the cap on what railroad retirement beneficiaries could receive would provide a windfall for the highest paid railroad workers, primarily management and the highest paid union officials. We did state that was a potential provision and not yet part of the deal; at that time it was a proposal not an agreement. The final deal resolved this point so that lifting the cap would not provide extra benefits for the highest paid railroad workers. It would, however, help those who had at least 120 months into railroad retirement but who were capped at $1,200 because they did not work in the railroad industry within 10 years prior to their retirement