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The document is a form from the United States Railroad Retirement Board (RRB) titled 'Notice of Retirement and Request for Service Needed for Eligibility.' It collects identifying information about an employee seeking retirement benefits, including their social security number, job title, and employment details. The form outlines the process for employers to report the employee's last working date and service months necessary for annuity eligibility. It emphasizes the importance of accurate reporting and includes certification by the employer regarding the truthfulness of the provided information.

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Who is eligible for railroad retirement?

you worked for a railroad in at least 12 of the 30 consecutive months immediately before the month in which your annuity begins; or, you worked in the railroad industry in at least 12 months in any earlier period of 30 consecutive months and you did not work in any docHub nonrailroad employment between the end of

Who qualifies for railroad retirement?

You can start getting railroad retirement benefits when you turn 60 if you have 30 years of railroad service. If you have 10-29 years of railroad service, or 5-9 years (if at least 5 years were after 1995), you can get retirement benefits when you turn 62.

How many years does it take to be vested in railroad retirement?

Employees with at least 10 years (120 months) of creditable railroad service, or at least 5 years (60 months) of creditable railroad service after 1995, are vested in Railroad Retirement and eligible for retirement and disability annuities.

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Can you receive both Social Security and railroad retirement?

If a RRB recipient is eligible for, and requests, Social Security benefits, the RRB reduces the Tier I annuity to account for the Social Security benefit and in most cases, there is no change in total monthly benefit payments.

How many years does it take to be vested in railroad retirement?

Do I still get railroad retirement if I quit?

However, if a person permanently leaves railroad employment before attaining retirement age, the employee may not be able to meet the requirements for certain other benefits, particularly the current connection requirement for annuities based on occupational, rather than total, disability and for supplemental annuities

What is the average railroad pension?

In January 2024, the average regular railroad retirement employee annuity will increase $86 a month to $3,450 and the average of combined annuities for an employee and spouse will increase $120 a month to $4,980.

Can you retire with 20 years with the railroad?

While railroad employees with less than 30 years of service may retire at age 62, their railroad retirement benefits are subject to early retirement (age) reductions if they retire before attaining their full retirement age.

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