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Current as of January 02, 2025 | Updated by Findlaw Staff
Section 3(f)(3) of the Railroad Retirement Act, the social security overall minimum provision, guarantees that an annuitant will receive, in combined benefits under the Railroad Retirement and Social Security Acts, not less than the amount which would have been paid to the employee and to members of his or her family under the Social Security Act if the employee's railroad service had been creditable under that Act. An annuitant whose annuity is computed under that provision may assign all or any portion of that annuity to any of the members of his or her family who are or who could be included in the computation of the annuity. Any assignment issued pursuant to this section will terminate:
(a) When revoked by the annuitant by notification to the Board; or
(b) When the annuity is no longer computed under the social security overall minimum provision.
Cite this article: FindLaw.com - Code of Federal Regulations Title 20. Employees' Benefits § 20.243.5 Assignment of a portion of an annuity paid under the social security overall minimum provision - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-20-employees-benefits/cfr-sect-20-243-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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