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When Will Applicant Receive First Payment?
(Posted August 25, 2014)
Question 1171: I will retire in about 6 months with over 38 years of service. My birthday is April 3 and I will not work after March 31. When will I receive my first retirement check?
Answer: If you file timely, your first annuity payment should be made in early May 2015. Railroad Retirement, like Social Security, now makes most annuity payments by depositing payments directly in annuitants' checking or savings accounts. Regular annuity payments are made the first of the month, covering payments due for the previous month.
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