Jane Dotson
Many railroad retirees are unaware that they may be entitled to life insurance benefits. These benefits are provided through the Railroad Employees' National Health and Welfare Plan Group Policy GA-23000, and administered by the Metropolitan Life Insurance Company (MetLife). The benefit amount for retired employees is $2,000, and eligibility requirements include retiring to receive an age or disability annuity under the Railroad Retirement Act before the date of life insurance termination as an eligible employee. Additionally, retirees from certain railroad companies, such as Santa Fe and Burlington Northern, may be covered by separate life insurance programs with different benefit amounts. It is important for railroad retirees to understand their eligibility and entitlements by contacting their union or MetLife directly.
| Characteristics | Values |
|---|---|
| Life insurance benefit for railroad retirees | $2,000 |
| Provider | Metropolitan Life Insurance Company under the Railroad Employees' National Health and Welfare Plan Group Policy GA-23000 |
| Eligibility | An employee must retire to receive an age or disability annuity under the Railroad Retirement Act on or before the date their life insurance as an eligible employee terminates and they must apply for the annuity within 24 months after the date their life insurance as an eligible employee terminates |
| Verification | Contact Metropolitan Life Insurance Company at 1-800-310-7770 or by mail at MetLife, P.O. Box 6122, Utica, New York 13504 |
| Alternative providers | BNSF Railway Company, Doran & Murphy |
What You'll Learn
- Railroad retirees are entitled to a life insurance benefit under the Railroad Employees National Health and Welfare Plan
- Retired railroad employees are eligible for a $2,000 benefit under the Railroad Retirement Act
- Railroad retirees can verify their eligibility through the Railroad Employees' National Health and Welfare Plan
- BNSF salaried retirees are automatically covered for retiree life insurance
- Railroad workers can check their life insurance coverage and beneficiary details on the The Benefits Center website
Railroad retirees are entitled to a life insurance benefit under the Railroad Employees National Health and Welfare Plan
To be eligible for this benefit, employees must meet specific criteria. Firstly, they must be receiving an age or disability annuity under the Railroad Retirement Act at the time of their retirement. Additionally, they need to apply for the annuity within 24 months of their life insurance termination as an eligible employee. However, this requirement is waived if the employee passes away within the 24-month period.
It is important to note that this life insurance benefit is separate from any policy held by active employees. Many railroad retirees may be unaware of their entitlement to this benefit. To verify eligibility and understand the specifics of the plan, retirees can contact MetLife directly or refer to their union for more information.
The life insurance benefit for retired railroad employees provides financial support and peace of mind during their golden years. It is a valuable aspect of the overall benefits package offered to those who have dedicated their careers to the railroad industry. Understanding and accessing this benefit is essential for railroad retirees to ensure they receive the coverage they are entitled to.
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Retired railroad employees are eligible for a $2,000 benefit under the Railroad Retirement Act
Retired railroad employees are eligible for a life insurance benefit of $2,000 under the Railroad Retirement Act. This benefit is provided through the Metropolitan Life Insurance Company (MetLife) under the Railroad Employees' National Health and Welfare Plan Group Policy GA-23000.
To be eligible for this benefit, retired railroad employees must meet certain criteria. Firstly, they must be receiving an age or disability annuity under the Railroad Retirement Act at the time of their retirement or within 24 months after their life insurance as an eligible employee terminates. This requirement does not apply if the employee passes away within the 24-month period. Secondly, eligible employees must be employed by a participating railroad and be represented by a railway union, such as the BMWE or another participating union. Additionally, they should be covered by a collective bargaining agreement that provides for coverage under Group Policy GA-23000. It is important to note that eligibility is also dependent on the employee being a resident of the United States.
To verify eligibility for this life insurance benefit, retired railroad employees can contact MetLife at 1-800-310-7770 or by writing to them at the following address: MetLife, P.O. Box 6122, Utica, New York 13504. It is also advisable to consult with one's union to understand the specific details of the life insurance benefit and any additional benefits that may be available.
Understanding life insurance benefits as a retired railroad employee is important, as it ensures that individuals and their families are aware of the financial protections in place. By providing a $2,000 benefit under the Railroad Retirement Act, retired railroad employees can have peace of mind knowing that they have a measure of financial security during their retirement years.
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Railroad retirees can verify their eligibility through the Railroad Employees' National Health and Welfare Plan
Railroad retirees can verify their eligibility for life insurance benefits through the Railroad Employees National Health and Welfare Plan. This plan is provided through the Metropolitan Life Insurance Company (MetLife) under Group Policy GA-23000.
To be eligible for life insurance benefits as a retired railroad employee, specific criteria must be met. Firstly, the employee must have retired to receive an age or disability annuity under the Railroad Retirement Act. Secondly, their life insurance as an eligible employee must have terminated, and they must apply for the annuity within 24 months of this date. However, if the eligible employee passes away within the 24-month period, this requirement does not apply.
The benefit amount for retired employees is $2,000. To verify eligibility and understand the specific details of the life insurance benefit, retirees can contact MetLife at 1-800-310-7770 or via mail at MetLife, P.O. Box 6122, Utica, New York 13504. Additionally, retirees can refer to their union for clarification on their entitlement to life insurance benefits.
It is important to note that some retired railroad workers may not be aware that they are entitled to life insurance benefits under this plan. Therefore, taking proactive steps to verify eligibility and understand the benefits available is essential for railroad retirees.
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BNSF salaried retirees are automatically covered for retiree life insurance
Railroad employees and retirees are often provided with a life insurance benefit. This is offered under the Railroad Employees' National Health and Welfare Plan Group Policy GA-23000, provided through the Metropolitan Life Insurance Company. Eligible retired employees can receive a benefit of $2,000.
The BNSF Railway Company covers the full cost of retiree life insurance, and there are no required retiree contributions. Employees can check their coverage and beneficiary details on the BNSF Benefits Center website.
It is important to note that some employees and retirees may be grandfathered into different amounts of life insurance based on a BNSF predecessor group life insurance program.
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Railroad workers can check their life insurance coverage and beneficiary details on the The Benefits Center website
Railroad workers can easily check their life insurance coverage and beneficiary details online. The relevant website for this is The Benefits Center, which can be found at www.BNSF.mercerhrs.com. This website allows railroad employees to view their coverage amount and beneficiary designation. It also enables beneficiaries to file for benefits in the event of an employee's death.
To verify coverage and beneficiary details, railroad workers simply need to log on to The Benefits Center website. Here, they can check their coverage amount and beneficiary designation, as well as make any necessary changes to their benefits designation. This online platform provides a convenient way for railroad workers to access important information about their life insurance benefits.
In addition to The Benefits Center website, railroad workers can also contact the Metropolitan Life Insurance Company (MetLife) to discuss their life insurance coverage and eligibility. This is particularly relevant for retirees, as some may not realise that they are entitled to life insurance benefits under the Railroad Employees National Health and Welfare Plan. By calling MetLife at 1-800-310-7770 or 1-866-492-6983, railroad workers and retirees can verify their eligibility, coverage, and beneficiary designation. They can also request to change their beneficiary designation by mail.
It is important to note that life insurance benefits for railroad workers and retirees are provided through the Metropolitan Life Insurance Company under the Railroad Employees' National Health and Welfare Plan Group Policy GA-23000. Eligible employees can receive a benefit of $10,000, while retired employees are eligible for a benefit of $2,000. Eligibility requirements for employees include being employed by a participating railroad, being represented by a recognised railway union, and being covered by a relevant collective bargaining agreement. For retirees, eligibility is linked to receiving an age or disability annuity under the Railroad Retirement Act.
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Frequently asked questions
Railroad retirees may be eligible for life insurance under the Railroad Employees National Health and Welfare Plan. The benefit for retired employees is $2,000.
To verify if you are eligible for life insurance as a railroad retiree, you can contact the Metropolitan Life Insurance Company at 1-800-310-7770 or by writing to them at MetLife, P.O. Box 6122, Utica, New York 13504.
To be eligible for life insurance as a railroad retiree, you must have retired with an age or disability annuity under the Railroad Retirement Act on or before the date your life insurance as an eligible employee terminates. You must also apply for the annuity within 24 months of the date your life insurance terminates, unless you pass away within this 24-month period.
