To BenefitsLink Home Page
To EmployeeBenefitsJobs Home Page
Get the BenefitsLink app for iPhone and iPad LinkedIn
Twitter
Facebook
Search the News


Featured Jobs
Plan Administration/ Employee Benefits/ Sales Support
Benefit Group: Sales Manager
Legal & Compliance Specialist
Retirement Plan Administrators
Conversion Manager
Conversion Consultant
Documents Coordinator
Plan Consultant
Relationship Manager
Plan Administrator II
Conversion Specialist
Retirement Leaders
Actuarial Consultant
ERISA Attorney
Account Manager
Salesperson
Employee Benefits Sales Consultant
Associate Vice President & Regional Sales Consultant
Search all jobs
 

 
 
 
BenefitsLink > Q&A Columns >

Stop, Look & Listen: Railroad Retirement Benefits Q&A

Answers are provided by Robert S. Kaufman

What "Vesting" Means

(Posted November 4, 2004)

Question 527: I worked in the railroad industry for 13 years. What does it mean to be "vested"? Can I get benefits if I'm now disabled?

Answer: The term "vested" means that you have met the minimum service requirement for a pension or annuity. For Railroad Retirement, you need at least 10 years to be vested, or at least 5 years for service after 1995.

Since you have 13 years of rail service, you are vested for Railroad Retirement. You will qualify for a reduced retirement benefit at 62.

In order to qualify for a disability annuity under Railroad Retirement, you must be permanently disabled for all work activity due of a physical or mental condition. If you believe you are, you should contact the nearest district office of the U.S. Railroad Retirement Board for assistance in filing for benefits.


Important notice: Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner's situation. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of your situation. The laws, regulations and court decisions in this area change frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the laws, regulations or court decisions that occur after the date on which that Q&A is posted.
Copyright 1997-2014 Robert S. Kaufman
Related links:
 
Webmaster:
© 2014 BenefitsLink.com, Inc.
Privacy Policy