Are there any provisions exempting retired railroad employees who also receive noncovered service pensions from this reduction?
Railroad retirement employee annuitants also receiving a noncovered service pension who attained age 62 before 1986, or who became entitled to a railroad retirement disability annuity before 1986 and remained entitled to it in any of the 12 months before attaining age 62 (even if the employee attained age 62 after 1985) are not affected by the noncovered service pension reduction. Railroad retirement employee annuitants who received, or were eligible to receive, their noncovered service pensions before 1986 would not be affected. They are considered eligible if they met the requirements of the pension plan before January 1986, even if they continued to work. The reduction also does not apply to: • Federal workers hired after December 31, 1983; • Persons employed on December 31, 1983, by a nonprofit organization that was exempt from social security and became mandatory covered under social security on that date; • Railroad employees whose pension is based entirely on noncovered employme
Related Questions
- Are there any provisions exempting retired railroad employees who also receive noncovered service pensions from this reduction?
- May an agency grant additional service credit for reduction in force based on employees receiving quality step increases?
- When and how did the noncovered service pension reduction in employee annuities come about?
