Tentative implementation schedule, H.R. 10

Based on the assumption that the Railroad Retirement & Survivors' Improvement Act of 2001 is enacted (signed into law by President Bush) this month, the following schedule of benefits will apply. If the bill is enacted after December, then most items will probably be pushed back to a later date:

Widow(er)'s Benefits
Effective date: February 1, 2002
Implementation Dates:
January 2002 -- letters to all widows advising whether increase payable or not.
April 2002 -- Rate notices sent to widow(er)'s who will receive increase.
April 2002 -- Payments issued for increase due for February and March.
May 1, 2002 -- Regular payment increased.
 
60/30 Annuities
Effective date: January 1, 2002
Implementation Dates:
Upon enactment -- employees and spouses may begin to file applications.
February 2002 -- Payments will be made at a temporary rate
June 2002 -- Final annuity rates computed and payments issued for any accrued amounts due.
July 1, 2002 Monthly payments made at final rate.
 
Five-Year Vesting Requirement
Effective date: January 1, 2002
Implementation Dates:
Upon enactment -- Applicants may begin to file applications.
February 2002 -- Payment will be made at a temporary rate.
November -- Monthly payments made at final rate.
 
Repeal of Railroad Retirement Maximum
Effective date: January 1, 2002
Implementation Dates:
January 2002 -- Letters will be sent to affected annuitants advising that the reduction was repealed.
May 2002 -- Rate notices released to affected annuitants.
May 2002 -- Separate payment for the increase due is issued.
June 1, 2002 -- Monthly payments made at increased rate.
 

2001 Brotherhood of Locomotive Engineers