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BenefitsLink > Q&A Columns >

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

Answers are provided by Robert S. Kaufman

Rail Worker Previously Received Settlement for On-the-Job Injury

(Posted August 3, 2013)

Question 1038: I have over 120 months of Railroad service, beginning in 1972. In 1987 I lost sight in one eye -- I can only see light. This was while working on a short line railroad system. As part of the settlement I receive $300 per month for life. Since then, I have gone to work for a factory -- 25 years. I will be 62 in July 2014 and I am thinking of an early retirement. I can draw $866 per month in Social Security. Can I still draw Railroad Retirement? If so,will this affect the amount of Social Security I get? And if I am entitled to Railroad Retirement, how much can I expect to receive? Do I have to wait until I am 66 to receive this?

Answer: First, you can receive both Railroad Retirement and Social Security as early as 62. If you receive both benefits, your Tier 1 of your Railroad Retirement will be reduced by the amount of your Social Security.

You should contact the Railroad Retirement Board to get an accurate estimate of your benefits. Their toll-free number is: (877) 772-5772.


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 or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.

The law in this area changes 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 law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.


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