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Answers are provided by Robert S. Kaufman
Using Published Information About Benefit Amounts
(Posted August 31, 2006)
Question 588: I have noticed that with the 60/30 at age 60 you will get around $2,858 a month. My question is that take home or is anything deducted from the figure.
Answer: I believe the 60/30 rate you quoted is just an example of what a rail worker with maximum earnings would get. What you would actually receive depends upon your lifetime earnings in the rail industry & how much service you have when you decide to retire.
The rates used are "gross rates" before any dedutions or income tax withholding.
You can ask the local office of the US Railroad Retirement Board for an estimate of what you would receive at age 60. To find the office for your area go to rrb.gov
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