Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Retirement Plan Administration Consultant

TSC
(Edina MN / Telecommute)
Sales - 401(k) / DB Administration

Farmer & Betts, Inc.
(Tacoma WA / AL / FL / GA / IA / IL / IN / MD / MN / MO / NC / OH / OK / PA / TN / TX / VA / WI)
Senior Pension Consultant

The Ryding Company
(Westlake Village CA)
Retirement Plan Administration Manager

FranFund
(Fort Worth TX)
ESOP Administrator

Blue Ridge ESOP Associates
(Charlottesville VA / Telecommute)

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

Is There A Difference In Calculating Retirement and Disability Annuities?

(Posted June 3, 2008)

Question 667: I worked for 14 years at the railroad and then worked
elsewhere for 9 years. I began receiving a permanent disability benefit from both Railroad Retirement and from Social Security. I'm 59 now, and I wonder when my disability will switch to regular retirement. Will I receive more in benefits when it changes over to retirement?

Answer: Both your Railroad Retirement and Social Security will convert to regular retirement benefits when you reach your full retirement age. In your case, that will be when you are 66.

The same formulas are used to determine retirement and disability benefits, so there is no rate increase when you become 66.


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.