We’re pleased to report that a Union Pacific court win entitles many current and former UP employees to refunds of Railroad Retirement and Medicare taxes on stock awards and certain lump-sum payments for ratification of labor agreements.
Certain current and former employees who received stock compensation (e.g. Retention Shares, Retention Units, Performance Units, or from exercising stock options) and/or lump-sum bonuses paid upon ratification of labor agreements during the years 1991 through 2017 are eligible. However, not everyone who received a stock award or lump-sum ratification bonus is eligible for a refund.
It is your choice to consent to this refund. If you choose not to consent, we cannot obtain your refund. Your consent will not apply to the 0.9% Additional Medicare Tax because IRS rules do not allow us to obtain a refund of that tax for you. Visit the Frequently Asked Questions section of this website for additional information.
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