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How Payments Are Made

 

 

 
  1. Home
  2. Employee Age and Service Annuities
  3. After You Apply for Your Annuity
  4. How Payments Are Made
 
 

Topics

  • Overview
  • Applying for Your Annuity
  • When Your Annuity can Begin
  • Age Reductions For Employees Who Have Less Than 360 Months Service
  • Deductions for Earnings
  • Reductions for Other Benefits
  • Reductions for Other Federal Programs
  • After You Apply for Your Annuity
    • Notice of Decision About Your Age and Service Application
    • How Payments Are Made
    • Receiving Your Payments
    • Change of Address
    • Receiving a Tax Refund of Excess Social Security Tax
    • Receiving a Railroad Separation Allowance Payment
    • Records That You Should Keep
  • Important Notices
How Payments Are Made

 

The first payment you receive from the RRB will be separate from your annuity award letter. Annuities are payable at the beginning of the month following the month for which the annuity accrued. The payment that you receive at the beginning of the month actually represents the annuity that accrued for the previous month.

Advance Filing Cases

When you file up to three months before the earliest date your annuity can begin, no payment is due until the first day of the month after the first month of annuity entitlement.

Other Than Advance Filing Cases

If you are not filing in advance of your annuity beginning date, the initial payment may be a partial payment, with an estimated monthly rate, representing payment due through the end of the preceding month. You will continue to receive this partial amount until your final rate can be determined and awarded. Once your final rate has been certified, you will receive any increase due from your annuity beginning date. You may receive this payment at any time during the month.

Remember: The payment that you receive after your initial payment will be made once a month on the first day of the month. If the first day of the month falls on a Sunday or a holiday, you will receive the payment on the next business day. The payment that you receive at the beginning of each month actually represents the annuity that accrued for the previous month.

 

‹ Notice of Decision About Your Age and Service Application | Up | Receiving Your Payments ›

 

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U.S. Railroad Retirement Board
William O. Lipinski Federal Building
844 North Rush Street
Chicago, IL 60611-1275
Toll Free: (877) 772-5772
TTY: (312) 751-4701 

 

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Last updated: 05/16/2017