[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: 20CFR243.6]



[Page 500]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 243_TRANSFER, ASSIGNMENT, OR WAIVER OF PAYMENTS--Table of Contents

 

Sec.  243.6  Waiver of annuity payments.



    (a) Any individual who has been awarded an annuity under the 

Railroad Retirement Act shall have the right to waive such annuity in 

whole or in part by filing with the Board a statement to that effect 

signed by him or her.

    (b) Such a waiver shall be effective as of the date specified in the 

waiver statement, except that if an annuity has been awarded, a waiver 

shall not be effective before the first day of the month after the month 

in which the waiver form is received at an office of the Board and shall 

not be effective as to any annuity payment which has already been made 

or which cannot be prevented.

    (c) For the period during which a waiver is in effect, no payment of 

the amount of the annuity waived can ever be made to any person. A 

waiver of an annuity shall not, however, have any effect on the amount 

of a spouse's annuity otherwise payable or on a lump sum under section 

6(c) of the Act otherwise due, nor shall it serve to make an individual 

eligible for a lump-sum death benefit under section 6(b) of the Act or 

any insurance benefit under the Social Security Act on the basis of the 

wages of the same deceased employee.

    (d) A waiver once made shall continue in effect until the annuitant 

requests in writing that it be terminated.



                           PART 250 [RESERVED]