Ask Larry

Was Railroad Correct In Reducing My Benefits?

I retired from home depot in august 2013. IN 2015 I needed to go back to work I went back to home depot. I was only gettin tier 2 railroad which was 488.13 a month. When i went back to work for home depot railroad said they had to cut the 488.13 in half . My husband retired from the railroad after 36 years. I do not think thats right to do that.

Hi,

You don't mention your age or your status with regard to Social Security benefits, so I'm not able to offer you much help. I'm not an expert on Railroad Retirement (RR) benefits, but my understanding is that working outside of the railroad industry wouldn't affect your RR Tier 2 benefits. However, if you are also receiving RR Tier 1 or Social Security benefits and you are below full retirement age, those benefits can be withheld if you earn more than the applicable Social Security earnings test exempt amount (https://www.ssa.gov/planners/retire/whileworking2.html). And if your Social Security benefits are being paid through the Railroad Retirement system, maybe those were the benefits that were affected by your earnings.

Best, Jerry

Best, Jerry

Posted: 
Jul 19 2017 - 5:39am
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.