20 CFR 234.55 - General.

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Title 20: Employees' Benefits

CHAPTER II: RAILROAD RETIREMENT BOARD

SUBCHAPTER B: REGULATIONS UNDER THE RAILROAD RETIREMENT ACT

PART 234: LUMP-SUM PAYMENTS

Subpart F: Tier II Separation Allowance Lump-Sum Payment

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.

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