[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: 20CFR225.54]



[Page 453]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 225_PRIMARY INSURANCE AMOUNT DETERMINATIONS--Table of Contents

 

                       Subpart F_Recomputing PIA's

 

Sec.  225.54  Recomputation when an employee is eligible for periodic 

pension payments based on other than railroad or social security earnings.



    (a) Description. This recomputation serves as a reduction in the PIA 

for entitlement to a periodic pension based, in part or in whole, on 

earnings after 1956 not covered under either the Social Security Act or 

the Railroad Retirement Act. A recomputation for a periodic pension is 

made in accordance with sections 215(a)(7) and 215(f)(9) of the Social 

Security Act. A recomputation affecting the Retirement Tier I, Overall 

Minimum, or Residual Lump-Sum PIA is required when all the following 

conditions exist--

    (1) The employee has less than 30 years of coverage as defined in 

section 215(a) of the Social Security Act. The years of coverage include 

railroad and social security earnings;

    (2) The employee becomes eligible for an annuity after 1985; and

    (3) The employee becomes eligible for the periodic pension payments 

after 1985 based, in part or in whole, on earnings after 1956 not 

covered under either the Social Security Act or the Railroad Retirement 

Act.

    (b) Effective date of recomputation. The Retirement Tier I, Overall 

Minimum or Residual Lump-Sum PIA is recomputed when the employee becomes 

eligible for a periodic pension payment based on other than railroad or 

social security earnings. However, payment of the recomputed PIA is 

effective with the month in which the employee becomes entitled to the 

periodic pension.