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BenefitsLink > Q&A Columns >

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

Answers are provided by Robert S. Kaufman

Impact of Deferred Compensation

(Posted February 14, 1999)

Question 17: I plan to retire in October 1999. I have 21 years of Rail Work and 25 years of Social Security coverage. I have some deferred compensation coming which can all be paid in 2000 or split and paid in equal amounts in 2000 & 2001. Will payment of my deferred compansation affect either my Railroad Retirement or Social Security payments?

Stuart C.
Henderson NV

Answer: You should consult with both the Railroad Retirement Board & the Social Security Administration to see how they will treat the payments. Post-reirement earnings will raise "Red Flags" with both agencies so it's best to get advise before payment & posting on the most advantageous treatment. For your information, both Railroad Retirement & Social Security have post-retirement earnings limits, so it's best to find out while you still have flexibility in directing your deferred compensation payments before payment and reporting.

Robert S. Kaufman


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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