II-D: NRRIT
Effectively carry out the responsibilities of the Railroad Retirement Board under the Railroad Retirement and Survivors’ Improvement
Act of 2001 with respect to the activities of the National Railroad Retirement Investment Trust
Other Information:
Although the RRB is no longer responsible for the investment of the trust fund monies held by the NRRIT, it continues to have
responsibilities in ensuring that the NRRIT, and its seven-member Board of Trustees, comply with the provisions of the Railroad
Retirement Act. This responsibility is fulfilled through periodic meetings between the RRB’s three-member Board and the NRRIT’s
trustees, more frequent meetings between the agency’s General Counsel and the officials of the NRRIT and the Counsel to the
NRRIT, review of the monthly reports submitted by the NRRIT, review of the annual management reports prepared by the NRRIT,
and review of the annual audit reports of the NRRIT’s financial statements. The RRB has authority to bring civil action should
these reviews indicate any violation of the Railroad Retirement Act or non-compliance with any of the provisions of the Act.
Indicator(s):
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