[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: 20CFR218.26]



[Page 240-241]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 218_ANNUITY BEGINNING AND ENDING DATES--Table of Contents

 

 Subpart C_How Work and Special Payments Affect an Employee, Spouse, or 

                 Divorced Spouse Annuity Beginning Date

 

Sec.  218.26  Work started after annuity beginning date.



    (a) General. An annuity can begin only after an employee, spouse, or 

divorced spouse stops any work for a railroad employer. However, if the 

employee, spouse or divorced spouse starts work after an ``intent to 

retire'' is established, that work will have no effect on the annuity 

beginning date. However, an annuity cannot be paid for any month the 

employee, spouse or divorced spouse returns to work for a railroad 

employer.

    (b) Intent to retire--(1) Disability annuity. An ``intent to 

retire'' is established to pay a disability annuity when--

    (i) The employee files for a disability annuity; or



[[Page 241]]



    (ii) The employee gives up all rights to return to work for a 

railroad employee before starting any new work.

    (2) Age annuity. An ``intent to retire'' is established to pay an 

employee age, spouse or divorced spouse annuity when the employee, 

spouse or divorced spouse gives up all rights to return to work for a 

railroad employer before starting any new work.