Retirement Plan Consultant
Cetera Retirement Plan Specialists
Blue Ridge ESOP Associates
(Charlottesville VA / Telecommute)
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Question 993: I have 20 years in railroad retirement and am 40 years old. I'm considering working for a new railroad (Sunrail in Orlando) that might not pay into Railroad Retirement. If it doesn't, how would this effect my retirement age and ending benefits for me and my spouse? Would it break my Current Connection? And thank you, for the good work you do!|
Answer: It is very likely that Sunrail will be covered by Railroad Retirement when it begins operations in 2014. Commuter railroads throughout the United States are generally part of the system. The fact that CSX and Amtrak will share the line makes Sunrail part of a standard railroad system.
The Railroad Retirement Board will make a coverage decision before Sunrail begins operations. The RRB posts it's coverage decisions on it's web site
You can check the site frequently to see if a coverage decision has been made.
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.