RRB Release – Railroad Retiree Earnings Limits Increase in 2020

In a release from the Railroad Retirement Board (RRB):

Railroad retirement annuitants subject to earnings restrictions can earn more in 2020 without having their benefits reduced as a result of increases in earnings limits indexed to average national wage increases.

Like social security benefits, some railroad retirement benefit payments are subject to deductions if an annuitant’s earnings exceed certain exempt amounts. These earnings restrictions apply to those who have not attained full social security retirement age. For employee and spouse annuitants, full retirement age ranges from age 65 for those born before 1938 to age 67 for those born after 1959. For survivor annuitants, full retirement age ranges from age 65 for those born before 1940 to age 67 for those born after 1961.

Click here to read the full release from the RRB.

The post RRB Release – Railroad Retiree Earnings Limits Increase in 2020 appeared first on IAMAW.

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Updated: November 5, 2019 — 1:05 pm