|
TITLE 20--EMPLOYEES' BENEFITS CHAPTER II--RAILROAD RETIREMENT BOARD PART 235_PAYMENT OF SOCIAL SECURITY BENEFITS BY THE RAILROAD RETIREMENT BOARD--Table of Contents Sec. 235.1 Basis and purpose. Sec. 235.1 Basis and purpose. 235.2 Other regulations related to this part. 235.3 Who is paid social security benefits by the Board. 235.4 How the Board pays social security benefits. Authority: 45 U.S.C. 231f. Source: 54 FR 5225, Feb. 2, 1989, unless otherwise noted. Effective January 1, 1975, the Railroad Retirement Act of 1974 (Act) requires the Railroad Retirement Board (Board) to provide for the payment of monthly social security benefit payments on behalf of the Social Security Administration to certain individuals as described in Sec. 235.3 of this part. However, any such individual who was receiving benefits from the Social Security Administration prior to January 1, 1975, will continue to receive benefits from that agency unless he or she becomes eligible for a different type of social security benefit after that date and files a new application with the Social Security Administration for that benefit. Benefits under the new entitlement will be paid by the Board. The Act provides an offset in the railroad retirement benefits of individuals who are also eligible for social security benefits. Because the Board is required to make this offset, the payment of social security benefits by the Board is authorized for the purpose of convenience in the administration of the Act. |
| PEO7.com 23945 Calabasas Rd. Suite 106, Calabasas, CA 91302 818-222-4572 cs@peo7.com |
|
SiteMap
| PEO
| Exploring the Possibilities
| What is Employee Leasing
| Why use a Peo
| Free Advice
| Benefits to Employees Responsibilities of PEO | Benefit Package | HR Management | Pre-Employment Screening | The Issue of Control Future of PEO | Request For Proposal (RFP) Contact Us | Peo Resources | Terms of Service | FAQ |