mmi16 wrote: ↑Sat Nov 16, 2019 10:40 pm
fire5506 wrote: ↑Fri Oct 11, 2019 6:24 pm
There is no 'double dipping' with SSI and RRB - you will get one or the other when you retire.
Statkowski wrote: ↑Mon Oct 07, 2019 8:55 pm
I believe there's a ten-year lock-in for RRB.
You are vested in 5 years for RRB. It used to be 10 years but it was changed to 5.
If memory serves, and it may not, up until Reagan changed the IRS laws around double dipping was legal - many retired from the railroad and then took a SSI job for 10 years to get those benefits in addition to RRB.
Once you are vested in RRB you will get your RRB when you retire whether you retire from SSI or RRB. You have paid into both of them. Tier 1 is SSI, tier 2 is RRB. If you retire from RRB then you get a check from RRB, if you retire from SSI then you get a check from SSI but your retirement from both will be in that check. At one time you could get a check from both RRB and SSI, but that was changed to you only getting a check from one or the other with both included in that check.
If you leave(left) RRB before you were vested then you lose the tier 2 payment. If you return to RRB before you retire then you get the tier 2 back.
I just spent a day at the RRB office 2 months ago as I'm getting ready to pull the pin this coming year. I'll have 37 1/2 years when I pull the pin.