[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: 20CFR218.27]



[Page 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.  218.27  Vacation pay.



    (a) From railroad employer. Vacation pay may be credited to the 

vacation period due the employee or to the last day of actual work for 

the railroad employer. If the vacation pay is credited to the vacation 

period, the annuity can begin no earlier than the day after the vacation 

period ends. (Part 211 of this chapter discusses how vacation pay is 

credited as compensation.)

    (b) From non-railroad employer. Vacation pay will not affect the 

annuity beginning date.