The lifetime maximum benefit for the Railroad Employees National Early Retirement Major Medical Benefit (ERMA or GA-46000) Plan will increase from $188,000 to $195,100 beginning Jan. 1, 2024.
At the end of 2001, labor and management had agreed on various procedures to administer the annual changes in the amount of the lifetime maximum benefit under the ERMA Plan.
In conjunction with the formula established in 2001, a new lifetime maximum was calculated by utilizing the October 2022 consumer price index (CPI) data for Hospital and Related Services and Physician Services. The result is a lifetime maximum for 2024 of $195,100.
For individuals who have reached the lifetime maximum, the incremental maximum available is applied to eligible expenses submitted for dates of service on or after the effective date of the new maximum. For 2024, this amount will be $7,100.
This change will apply to all railroads and crafts participating in ERMA.
Related News
- Important DOT Drug Testing Notice Affects Members
- Honoring the Life of Brother Ed Weathers, Jr.
- Members Helped Raise $200K for Brothers and Sisters in Need
- Resolve to Keep Your Timebook Current in 2026
- Victory in Chicago as SMART-TD Helps Establish New $1.5 Billion Transit Agency
- New Jersey Train Length, Crew Size Law Awaits Governor’s Signature
- CSX Conductor, Single Mother Devastated in Head-on Collision
- SOFA Safety Alert
- AJFL Scholarship Application Opens Soon
- SMART-TD Applauds FRA and DOT for Strengthening Cross-Border Rail Safety Protections