[Code of Federal Regulations]
[Title 20, Volume 1]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 20CFR234.47]

[Page 498]
 
                      TITLE 20--EMPLOYEES' BENEFITS
 
                  CHAPTER II--RAILROAD RETIREMENT BOARD
 
PART 234_LUMP-SUM PAYMENTS--Table of Contents
 
                   Subpart D_Residual Lump-Sum Payment
 
Sec.  234.47  Election of the RLS by a widow(er) or parent.

    (a) An RLS cannot be paid if it appears that there are immediate or 
future monthly survivor benefits payable to anyone other than a 
widow(er) or parent. A widow(er) or parent can elect to have the RLS 
paid in lieu of future monthly benefits based on the employee's railroad 
earnings under either the Railroad Retirement Act or Social Security 
Act.
    (b) When an election must be filed. An election to have the RLS paid 
must be filed before the widow(er) or parent attains age 60 if he or she 
would be entitled to benefits under the Railroad Retirement Act, or 
before the age of eligibility if he or she would be entitled to future 
benefits under the Social Security Act instead of the Railroad 
Retirement Act.
    (c) Filing an election. An election to have the RLS paid must be 
made on the certification provided by the Board for that purpose, and 
must contain an irrevocable election to have the RLS paid in lieu of all 
benefits based on the employee's railroad service to which the widow(er) 
or parent might otherwise become entitled. Once the RLS check is 
negotiated, the election cannot be revoked.