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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.
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