20 CFR 234.53
§ 234.53 Computation of the lump-sum refund payment.
United States · 20 CFR — Employees' Benefits · Status: effective
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- Citation
- 20 CFR 234.53, § 234.53 Computation of the lump-sum refund payment, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/77577
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Full text
(a) The lump-sum refund payment is calculated as follows:
(1) Combine the railroad employee's creditable earnings, including military service, under the Social Security Act and Railroad Retirement Act for each of the years 1951 through 1974;
(2) Determine the amount of the employee's creditable earnings in excess of the amounts for each year shown in the chart in paragraph (b) of this section;
(3) Multiply the results of paragraph (a)(2) of this section by the percentage shown in the chart in paragraph (b) of this section; and
(4) Add the results of paragraph (a)(3) of this section. The total is the amount of the lump-sum refund payment.
(b) Chart for calculation of lump-sum refund payment.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.