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

Answers are provided by Robert S. Kaufman

How Is Spouse Annuity Calulated If Social Security and Pension Involved?

(Posted March 31, 2013)

Question 995: I plan to retire at age 62. My wife will already be retired then, receiving Social Security and a pension (I'm not sure of the amounts). How is her Spouse Annuity calculated?

Answer: Before any reductions, A Spouse Annuity consists of 50% of rail worker's Tier 1, and 45% of Tier 2.

If the spouse is not full retirement age, a reduction of up to 30% for age is applied.

Tier 1 will be reduced by the amount of Social Security. It could also be reduced by 2/3 of any pension from government employment that was not covered by Social Security.

As you near 62, you should ask the Railroad Retirement Board for an estimate of you and your wife's annuities.

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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