Which railroad retirement benefits are treated like private pensions for Federal income tax purposes?
The NSSEB portion of tier I, tier II benefits, vested dual benefits, and supplemental annuities are all treated like private pensions for Federal income tax purposes. In some cases, primarily those in which early retirement benefits are payable to retired employees and spouses between ages 60 and 62, and some occupational disability benefits, the entire annuity may be treated like a private pension. This is because social security benefits based on age and service are not payable before age 62 and social security disability benefit entitlement requires total disability.
Related Questions
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