Person Eligible For Monthly Benefits May Receive A Residual Lump-Sum Instead of Monthly Benefits
If there are no survivor benefits currently being paid by either the RRB or the Social Security Administration and the only benefits which will become payable in the future are benefits for a widow(er) or parent, the widow(er) or parent, if under age 60, can waive the right to ever receive monthly benefits based on the employee's railroad work in order to allow the residual lump-sum to be paid. Any eligible widow(er) or parent must complete a Form G-126, Election to Receive Residual Payment Instead Of Future Monthly Insurance Benefits Based On Service Under the Railroad Retirement Act , to waive the benefits before the benefits become payable. (See the section, "Form G-126, Election to Receive A Residual Payment Instead of Future Monthly Insurance Benefits Based On Service Under The Railroad Retirement Act.")