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Answers are provided by Robert S. Kaufman
Tier 2 Contribution Cannot Be Refunded
(Posted May 7, 2004)
Question 449: The railroad suddenly closed down my son's department. There was no severance pay or advance notice. Can he get any portion of the Tier 2 back to help pay house payments, etc.?
Answer: I'm very sorry to hear about your son's employment situation.
Unlike some private pension plans, Tier 2 contributions are a federal payroll tax collected by the Internal Revenue Service. They cannot be refunded unless an error was made.
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