[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: 20CFR225.14]



[Page 447]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 225_PRIMARY INSURANCE AMOUNT DETERMINATIONS--Table of Contents

 

 Subpart B_PIA's Used in Computing Employee, Spouse and Divorced Spouse 

                                Annuities

 

Sec.  225.14  Railroad Earnings Dual Benefit PIA.



    (a) General. The Railroad Earnings Dual Benefit PIA is used in 

computing the employee vested dual benefit when the employee meets 

certain eligibility requirements as described in part 216 of this 

chapter. The Railroad Earnings Dual Benefit PIA is also used in 

computing the employee's tier II annuity component when the employee 

becomes entitled to a vested dual benefit. This PIA is determined under 

section 215 of the Social Security Act as in effect on December 31, 

1974. Railroad earnings after 1950 (or after 1936, if applicable) and 

through December 31, 1974, or the last year of railroad service before 

1974 are included in the calculation of this PIA.

    (b) Employee insured on own wage record on December 31, 1974. 

Railroad earnings after 1950 (or after 1936, if a higher PIA would 

result) and through 1974 are used in computing the Railroad Earnings 

Dual Benefit PIA if the employee--

    (1) Had at least 25 years of railroad service before January 1, 

1975; or

    (2) Had at least 10 years of railroad service as of December 31, 

1974, and worked in the railroad industry anytime during calendar year 

1974; or

    (3) Had at least 10 years of railroad service as of December 31, 

1974, and had a current connection with the railroad industry (as 

described in part 216 of this chapter) on December 31, 1974, or when the 

employee annuity began.

    (c) Employee insured on own wage record in last year of railroad 

service. Railroad earnings after 1950 (or after 1936, if a higher PIA 

would result) and through December 31 of the year before 1974 in which 

the employee last worked in railroad service are used in computing the 

Railroad Earnings Dual Benefit PIA if the employee--

    (1) Had at least 10 but less than 25 years of railroad service 

through December 31, 1974; and

    (2) Did not work in the railroad industry during 1974; and

    (3) Did not have a current connection with the railroad industry (as 

described in part 216 of this chapter) on December 31, 1974, or when the 

employee annuity began.



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