Your work history will determine your eligibility.
Q. In March 2023, I will have 20 years working on the railroad. I will be 65. Does Social Security put in the money I paid into Social Security for 24 years in my Railroad Retirement benefit? How does it work?There are a few items to consider here.a non-railroad job,For Social Security retirement benefits, eligibility is generally based on work history, she said. You would need 40 quarters or 10 years to qualify for benefits, which you can start to take at age 62.
You need to have more than 10 years, or 120 service months, of railroad industry work or at least five years of railroad work after 1995,” she said.would count towards your Social Security credits, she said, and if you do qualify, then those earnings don’t count towards Social Security eligible earnings.“If you are eligible for dual benefits, then the Social Security Administration determines how much is based on Social Security earnings,” she said.
Tier 2 is only based on your railroad earnings, she said, and it is not reduced because you are eligible for Social Security. “This follows the same type of regulation where someone who is eligible to receive two Social Security benefits can only claim the higher of the two,” she said. “They can’t get both.”
For example, if you are married and are eligible for half your spouse’s benefit or your own benefit on your own earnings, you can getBenefits coordination can get complicated, so you should speak to both the Railroad Retirement Board and Social Security to better understand what your benefits will be.
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