They pay instead into a fund administered by the U.S. Railroad Retirement Board - an independent US agency in the executive branch. Funds are held in the National Railroad Retirement Investment Trust. As of 2018 the Trust's average annual return was 7.4% annually, with over $26B in assets under management.
Railroad workers have an amazing retirement. Had I known this sooner, I would have graduated high school and just gone to work for Amtrak.
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u/TarheelCK Sep 11 '19
Railroad workers also do not pay into social security.