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Post-Retirement Earnings May Increase Annuity
(Posted September 24, 2012)
Question 906: I retired from the railroad with 40 years in 2008, when I was 61. I have been working for a non-railroad business since then. Will the Social Security taxes I have been paying ever increase my Railroad Retirement annuity?
Answer: It depends how much your yearly earnings are. Roughly up to 35 years of earnings are used to compute Tier 1. If any year of new earnings is higher than the years included in the 35 years, it replaces the lowest year and your Tier 1 benefit will be recalculated.
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