He Worked 20 Years for the Railroad, Then 20 Years Off It. His Social Security Benefit Cut His Railroad Tier I Dollar for Dollar.
· finance.yahoo.com
A freight-rail mechanic paid into two federal retirement systems for 40 years and expected two checks in retirement. What the Railroad Retirement Board does when Social Security kicks in catches most split-career workers completely off guard.
Quick Read
Railroad Tier I already incorporates all career earnings, so Social Security reduces Tier I dollar for dollar, leaving total retirement income uncha...