Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Assistant Team Leader

Nova 401(k) Associates
(Houston TX / Austin TX / Dallas TX / Scottsdale AZ / Telecommute)
DC Plan Administrator

San Diego Pension Consultants
(San Diego CA)
Compliance Analyst (QKA)

Newport Group
(Folsom CA / Dallas TX / Walnut Creek CA / Annapolis MD / Burlington VT / Charlotte NC / Chicago IL / Fresno CA / Moline IL / Lake Mary FL / Saint Petersburg FL / Saint Louis MO / AL / IA / MN / PA / VA / WI)
Apprentice - Financial Services and Employee Benefits

Columbia Benefits, LLC
(Englewood CO)
Retirement Plan Relationship Advisor

Prosperity Advisors, LLC and SS&G Wealth Management
(Akron OH)
DC 401(k) Plan Administrator

Gelman Pension Consulting, Inc.
(New York NY)
Senior Pension Administrator
Spectra Associates
(PA)
Retirement Plan Advisor / Relationship Manager
Growing Regional Bank
(Houston TX)
Defined Benefit Plan Administrator

AimPoint Pension
(Telecommute)
Senior Retirement Plan Administrator

Goldberg, Swedelson & Associates
(Encino CA / Telecommute)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn
Twitter
Facebook

BenefitsLink > Q&A Columns >

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

Answers are provided by Robert S. Kaufman

5-Year Vesting

(Posted April 14, 2003)

Question 243: I've worked for the railroad from August 1998 until I became disabled and left earlier this month (April 2003). I was injured on the job in October 2002. What benefits can I get from the Railroad Retirement Board?

Answer: You question raises many issues. First, you can draw Railroad Retirement Sickness Benefits for up to 26 weeks. These benefits are provided by the Railroad Unemployment Insurance Program, which is administered by the RRB.

The way I count your service, you have 57 months; that's 3 months short of the new 5-year vesting rule. If you receive a settlement from the railroad because of your job-related injury, you can have part of that allocated to "pay for time lost" and receive the additional 3 months needed for vesting. You then can file for a disability annuity and should be entitled to a new 5-year vesting disability annuity that will pay you a Tier 1 benefit but not a Tier 2 benefit.

If you receive a settlement from the railroad or if you receive a disability annuity, some or all of your Sickness Benefits will be deducted from those payments.


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
Related links:

(restricted access)

(restricted access)

© 2020 BenefitsLink.com, Inc.