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BenefitsLink > Q&A Columns >

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

Answers are provided by Robert S. Kaufman

Using Buyout Offer To Get More Service Credits

(Posted April 30, 2004)

Question 443: Regarding Q&A 434 (How does one buy service months?) -- I had that situation occur; I needed only 2 months to get 30 years of service although I was only 54 years of age. I did not take a buyout because of the 2 months.

Answer: Normally you have to earn service credits by working. But there are other arrangements between an employer and a worker that also can generate additional service months. These can include vacation and sick pay, pay for time lost due to injury, and arranging for an employer to carry you on the payroll for an additional period of time as part of a buyout agreement.

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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