BenefitsLink logo
EmployeeBenefitsJobs logo
Featured Jobs

Retirement Plan Administrator (Fort Worth TX)
Retirement Plan Administrator (Colorado Springs CO / Telecommute)

Senior Defined Contribution Account Manager (Houston TX / Dallas TX / Austin TX / Scottsdale AZ / Telecommute)
Senior Retirement Plan Administrator (Philadelphia PA / Telecommute)

Plan Administrator (Lake Mary FL / Richmond VA / Dallas TX / Los Angeles CA)
Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Get the BenefitsLink appLinkedIn
Twitter
Facebook

BenefitsLink > Q&A Columns >

Stop, Look & Listen: Railroad Retirement Benefits Q&A

Answers are provided by Robert S. Kaufman

Impact of HR 4844 on Decision to Retire

(Posted November 9, 2000)

Question 70: I have over 30 years of rail service and will be 60 on November 16, 2000. If H.R. 4844 (which will eliminate the reduction for age, between ages 60 and 62) is enacted, how can I take advantage of this change? Because Railroad Retirement applications have a 6 month retroactivity, can I wait to file until April 1, 2001 and still get benefits back to December 1, 2000 under the provisions of H.R. 4844?

Answer: As it stands now, the age reduction for 60/30 retirees would be eliminated by H.R. 4844 for those persons whose benefits begin on or after January 1, 2001. So you could take advange of the new law if you restrict the beginning date to January 1, 2001.

H.R. 4844 has passed the House of Representatives and is pending in the Senate. There is opposition from key senators; Senate action is not expected before Congress adjourns this year.

If H.R. 4844 is reintroduced in the next Congress, the effective dates might well change.


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:
 
About Us

Testimonials

Privacy Policy

Post a Job

Advertise in the BenefitsLink Newsletters

Add Your Company to the Directory of Vendors and Software

Submit a News Item, Press Release, Webcast or Conference

Contact Us

Payment Portal

© 2019 BenefitsLink.com, Inc.