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Lump Sum Death Benefits Under Railroad Retirement
(Posted August 22, 2001)
Question 126: Does Railroad Retirement pay a lump sum death benefit like the $255 that Social Security pays?
Answer: Yes, but with two important variations.
First, a lump sum payment is only made if no one is eligible for monthly benefits for the month in which the rail worker dies.
Second, And, if the rail worker had 10 or more years of credits before 1975, the amount paid is usually much higher than $255.
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