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BenefitsLink > Q&A Columns >

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

Answers are provided by Robert S. Kaufman

Railroad Retirement Benefits and Life Insurance Are Seperate

(Posted August 7, 2001)

Question 123: With the proposed changes in railroad pensions, I can retire at 60 on a full pension. But I've heard that I will have to pay my own insurance benefits until I'm 61. Is that true? What about my wife's insurance (she's 14 months younger than I am)?

Answer: Railroad Retirement is administered by the Federal government and provides monthly and lump sum benefits for retirees and their families. Neither health nor life insurance coverage (except for Medicare) are part of the system. Those benefits are negotiated between each railroad and the affected railroad labor organizations. They are privately administered.

I suggest you ask your employer or your union repersentative for an explanation of those benefits and what your options are.

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
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