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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 20 - Employees' Benefits |
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Chapter II - Railroad Retirement Board |
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SubChapter B - Regulations Under the Railroad Retirement Act |
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Part 234 - Lump-Sum Payments |
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Subpart F - Tier II Separation Allowance Lump-Sum Payment |
§ 234.55 - General.
Latest version.
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§ 234.55 General.
Under the Railroad Retirement Act certain railroad employees who have received separation or severance payments may be entitled to a lump-sum payment if tier II railroad retirement taxes were deducted from these payments. This part sets forth the conditions for entitlement to the lump-sum payment and explains how the payment is computed.