Coronavirus (COVID-19) News and Resources
Coronavirus (COVID-19) Webcasts
Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Retirement Plan Consultant
Cetera Retirement Plan Specialists logo
Cetera Retirement Plan Specialists
401(k) Associate
Blue Ridge ESOP Associates logo
Blue Ridge ESOP Associates
(Charlottesville VA / Telecommute)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn

BenefitsLink > Q&A Columns >

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

Answers are provided by Robert S. Kaufman

Current Retirees Will Benefit From Pending Changes to Railroad Retirement

(Posted June 2, 2001)

Question 104: My Railroad Retirement benefit begins in June 2001. I have 37 years of service, and I just turned 60. If and when the proposed changes to the Railroad Retirement System become law, will the reduction in my annuity for retiring before 62 be eliminated back to June 2001?

Answer: The changes to the Railroad Retirement program have been introduced in the 107th Congress as H.R. 1140. The bill is currently being considered by House committees.

As H.R. 1140 now stands, the age reduction in 60/30 annuities will be retroactive to January 1, 2001. So, if the proposed legislation is enacted as it now stands, your annuity will be adjusted and increased back to the start date.

One note of caution. Until legislation is passed by both Houses of the Congress in identical form, there is always a chance that key provisions such as effective dates could be modified.

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.

Copyright 1997-2017 Robert S. Kaufman
Related links:

(restricted access)

(restricted access)

© 2020, Inc.