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BenefitsLink > Q&A Columns >

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

Answers are provided by Robert S. Kaufman

Important Reminder for Retirees Who Continue to Work After Retirement

(Posted November 11, 2014)

Question 1218: I'm writing to suggest you might tell railroad retirees to be sure to report any income from work to the RRB on a yearly basis.

I retired in 2008 on the 60/30 plan and notified RRB of my intention to work a part-time job before I reached full retirement age in 2012. RRB responded that I needed do nothing more and that they'd would be in touch with Social Security to verify my yearly earnings. Well, I got a bill from RRB last year stating I had earned over the limit for each year and sent me a bill to repay over $8,000. They even added a penalty of $1,600 for not reporting each year. So please advise folks to report each year.

Answer:

This is very important information to avoid a significant overpayment. The Railroad Retirement Board's 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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