Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Retirement Plan Administrator

Nicholas Pension Consultants
(Rancho Cordova CA / Corona CA)
Actuarial Analyst

Venuti & Associates
(Los Altos CA)
Pension Administrator

KB Pension Services
(Bradenton FL)
ERISA Compliance Consultant

Employee Fiduciary, LLC
(Mobile AL / Saint Petersburg FL / Telecommute)
Account Manager / Client Service - 401k Plans

ABG Retirement Plan Services
(Peoria IL / Telecommute)
Retirement Plan Consultant

DWC - The 401(k) Experts
(Telecommute)
Plan Administrator - DC Specialist

AimPoint Pension
(Pompano Beach FL / Telecommute)
Retirement Plan Regional Director

Retirement Plan Consultants
(NC / Telecommute)
Defined Contribution / 401k Retirement Plan Administrator

Pension Consultants, Inc.
(Farmington CT)

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

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


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)

© 2019 BenefitsLink.com, Inc.