Blue Ridge ESOP Associates
(Charlottesville VA / Telecommute)
Retirement Plan Consultant
Cetera Retirement Plan Specialists
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|Question 1200: What does 60/30 mean?|
Answer: 60/30 is "shorthand" to describe a rail worker who is at least 60 and has at least 30 years of rail service. It is the age and service required for rail workers and their spouse to receive full benefits from Railroad Retirement with no reduction for age.
This is the 1200th Question & Answer posted since I began this column in December 1997. I want to thank the loyal readers who have continued to pose questions about the most complicated public or private retirement system.
I also want to thank the current & past staff of the U.S. Railroad Retirement Board for their assistance.
Last but not least, I want to thank Dave Baker, the Editor of BenefitsLink.com, and his staff, for making this column possible.
Robert S. Kaufman
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.