Railroad Retirement Reform Act of 2000

[AI summary unavailable — showing source text] Railroad Retirement Reform Act of 2000 - Amends the Railroad Retirement Act of 1974, title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA), the Internal Revenue Code (IRC), and the Railroad Retirement Solvency Act of 1983 and to outline provisions to restructure the railroad retirement system, with changes: (1) prohibiting the transfer of funds from the Social Security Equivalent Benefit Account to the Railroad Retirement Account or the Railroad Trust Fund, and restricting their use for paying for Social Security equivalent benefits and related administrative expenses; (2) transitioning to full Social Security coverage (with corresponding reductions in the railroad retirement benefit) and subjecting to employment taxes under the Federal Insurance Contributions Act (FICA taxes) any railroad employees who have performed service before January 1, 2002; (3) revising employer, employee representative, and employee tier 2 tax rates, tying the basis of their determination to the average account benefits ratio as defined in this Act; and (4) repealing the general fund subsidy to the Railroad Retirement Account. Directs the labor and management memb…