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No Withdrawal of Payroll Deductions
(Posted January 10, 2014)
Question 1097: Can I withdraw from my Railroad Retirement plan to pay off my home loan?
Answer: Railroad Retirement payroll deductions are deposited in the Railroad Retirement Trust Funds maintained by the United States treasury Department. Unlike private pension plans, they are considered as Federal Taxes and the funds do not belong to the individual rail workers.
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