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Effect of Profit Sharing Payment Received After Retirement
(Posted February 14, 2011)
Question 800: I received a profit sharing payment in January 2011 from a railroad for for work I performed in 2010 before retirement. Will this count as "earnings" so as to reduce my Railroad Retirement benefits in 2011?
Answer: Your recent profit sharing payment from the railroad does not count as "earnings" under the earnings restriction rules for retired rail workers. It will not reduce your payments for 2011.
After more than 14 years, I have reached another "milestone" with the posting of the 8ooth Question & Answer to this column. I want to again thank the loyal readers who continue to submit interesting questions.
The Railroad Retirement program is now more than 75 years old and has provided important retirement and survivor benefits to more than 5 million people.
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