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BenefitsLink > Q&A Columns >

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

Answers are provided by Robert S. Kaufman

Working for Same Employer After Retirement

(Posted April 9, 2016)

Question 1243: My husband will retire with 30 years of service some time in the next year. I still work. If I work after age 66, will I be eligible for the Spouse Annuity if I stay at the same job (without a penalty)? If I leave my current job after he retires and become employed by a different employer, will there be a penalty?

Answer:

The most important work activity is the job you have when your Spouse Annuity begins. Most work restrictions will not apply when you reach your full retirement age, but the exception is if you continue to work for the same employer, in which case a special earnings restriction applies to the Tier 2 portion of your Spouse Annuity. You will begin to lose $1 of your Tier 2 for every $2 of earnings from that employer, even if you have passed your full retirement age. But your Tier 2 cannot be reduced by more than 50%.


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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