Coronavirus (COVID-19) News and Resources
Coronavirus (COVID-19) Webcasts
Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Retirement Plan Administrator

Steidle Pension Solutions, LLC
(Lebanon NJ)

Steidle Pension Solutions, LLC logo

Retirement Plan Consultant

DWC - The 401(k) Experts
(Telecommute)

DWC - The 401(k) Experts logo

Senior Plan Consultant

Jocelyn Pension Consulting
(Telecommute / San Rafael CA / Boulder CO)

Jocelyn Pension Consulting logo

Director of Regulatory Affairs

Health Plans Inc
(Westborough MA)

Health Plans Inc logo

Retirement Plan Administrator

SPS
(Telecommute)

SPS logo

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

Settlements and Railroad Retirement Benefits

(Posted October 6, 2005)

Question 558: I'm presently receiving a disability annunity from Railroad Retirement. I'm looking at a settlement agreement with my former railroad employer, which is not related to an on the job injury. Is there any way RRB would stop future annunity panyments because of a settlement? If the agreement was a lump sum for, say, personal injury, would any prior or future payments have to be reimbursed to RRB?

Answer: The Railroad Retirement Board (RRB) administers two programs, Railroad Retirement, and Railroad Unemployment and Sickness Benefits.

A settlement will normally not affect Railroad Retirment benefits unless a portion of it is allocated to "Pay For Time Lost." "Pay For Time Lost" normally would extend the rail worker's date of last compensated service and would delay the beginning date of the annuity. If Railroad retirment benfits were paid for that same period, the would be recovered from future payments.

On the other hand, a settlement would affect any unemployment or sickness bemnefits paid. Those payments usually are deducted from the settlement and are sent directly to the RRB for redeposit.


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.