The National Railroad Retirement Investment Trust (the “Trust”) issues a Quarterly Update to provide current information on the Trust’s operations and activities relating to its investment operations. This update reports on the Trust’s activities for the quarter ending March 31, 2019. Copies of the Trust’s Annual Management Report and each Quarterly Update are available on the website of the Railroad Retirement Board (“RRB”), http://www.rrb.gov.
As of March 31, 2019, the Trust had received a total of $21.3 billion from the Treasury for investment. Most of this amount was transferred to the Trust periodically during the first six months of its 2003 fiscal year beginning in October 2002. No transfers were received in the fiscal quarter just ended. In the quarter ended March 31, 2019, the Trust continued to transfer monies to the Treasury to help fund benefit payments and administrative expenses of the Railroad Retirement Account (“RRA”). Transfers to the Treasury during the quarter amounted to $635 million. Since the Trust’s inception, it has transferred a total of $23.9 billion to the Treasury.
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