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BenefitsLink > Q&A Columns >

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

Answers are provided by Robert S. Kaufman

Railroad Retirement Payroll Taxes

(Posted February 5, 2013)

Question 966: I am no longer employed with the railroad. I am not old enough to retire but would like the contributions I paid into my retirement fund. Am I allowed to receive my contributions back?

Answer: The deductions from your payroll check are not "contributions" but actually Federal taxes. They cannot be refunded or rolled over in another retirement fund.

The good news is, they are not lost. If you are not vested in Railroad Retirement when you retire under Social Security, your rail earnings will be combined with your Social Security earnings and used to determine your Social Security benefits.


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
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