Any earnings can have an effect on disability annuities.
If your annuity is based on age and service and you are receiving social security benefits, your tier I component is not reduced for your non-railroad earnings. If you are not receiving social security benefits, the Annual Earnings Exempt Amount is the amount of non-railroad earnings you can have in a year without losing part of your tier I component and/or the tier I component of your spouse. There are separate Annual Earnings Exempt Amounts for persons at Full Retirement Age and those under Full Retirement Age.
Use Chart 2, to determine your Full Retirement Age and then refer to Chart 3 below and Form G-77a, How Work Affects Your Railroad Retirement Benefits.
Chart 3 - Determining the Amount of Your Work Deduction
|
For a year in which:
|
You may lose up to $1 in tier I components for every:
|
The reduction:
|
|
you attain Full Retirement Age.
|
$3.00 of earnings over the Annual Earnings Exempt Amount for your age group. However, your earnings are only counted for months before the month in which you attain Full Retirement Age.
|
is removed effective the month in which you attain Full Retirement Age.
|
|
you are under your Full Retirement Age for the entire year.
|
$2.00 of earnings over the Annual Earnings Exempt Amount for your age group.
|
applies for the full year.
|
|
you work outside the U.S. for 45 or more hours per month,
|
$2.00 of earnings. There is no Annual Earnings Exempt Amount for work outside the U.S. However, your earnings are only counted for months before the month in which you attain Full Retirement Age.
|
is removed effective the month in which you attain Full Retirement Age.
|