[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: 20CFR226.90]



[Page 466]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 226_COMPUTING EMPLOYEE, SPOUSE, AND DIVORCED SPOUSE ANNUITIES

--Table of Contents

 

   Subpart G_Recomputation To Include Additional Railroad Service and 

                              Compensation

 

Sec.  226.90  When recomputation applies.





    An employee's annuity may be recomputed to include additional 

railroad service and compensation and social security wages which the 

employee earns after the beginning date of the employee annuity. The 

annuity is recomputed only if the recomputation increases the annuity 

rate by more than $1 a month or results in a lump-sum payment of more 

than $5. Before a recomputed rate can be paid, the employee must stop 

working in the railroad industry. A recomputed tier I component is 

payable beginning with January 1 of the year after the year in which the 

wages or compensation are earned or (provided the employee is age 62 or 

disabled), in the case of railroad compensation, in the year after the 

employee stops working in the railroad industry. A recomputed tier II 

component is payable from the date the annuity is reinstated after the 

employee has ceased railroad work.