[Code of Federal Regulations]
[Title 20, Volume 1]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 20CFR234.50]

[Page 477]
 
                      TITLE 20--EMPLOYEES' BENEFITS
 
                  CHAPTER II--RAILROAD RETIREMENT BOARD
 
PART 234_LUMP-SUM PAYMENTS--Table of Contents
 
                    Subpart E_Lump-Sum Refund Payment
 
Sec. 234.50  General.


    Under the 1974 Act, railroad employees with 10 or more years of 
railroad service, who are not entitled to a vested dual benefit payment, 
may be eligible for a lump-sum refund payment if they had concurrent 
railroad and social security earnings within the period 1951 through 
1974. The combined earnings from the railroad retirement and social 
security systems in any of those years must exceed the maximums given in 
Sec. 234.53. The lump-sum refund is payable to either the employee or 
the employee's survivors.