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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 a Buyout on Railroad Retirement Benefits

(Posted April 19, 1999)

Question 19: I worked for the Chicago & Northwestern for 6 years, then the Southern Pacific for 11 years. Then I accepted a buyout rather than move to Los Angeles. What type of retirement benefits can I look forward to?

Answer: With 17 years of Railroad service, you are vested and will be eligible for Railroad Retirement benefits at Age 62 (on a reduced basis) unless you become totally disabled for all work before then. In that event, you could qualify for benefits before Age 62.

Keep in mind that with 17 years of service, your monthly payments will be below average & fully reduced for Social Security Payments. You will also qualify for Medicare through Railroad Retirement when you become 65 unless you become disabled before then.

To get an estimate of what you'll receive from Railroad Retirement, you can ask the nearest RRB District Office to give you one.

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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