Would 22 years as a carman with csx RailRoad be a good retirment at age 60?

Question

Would 22 years as a carman with csx RailRoad be a good retirment at age 60?

Answer 1

It wouldn't be enough for a full pension.  You must have 30 years in to retire at 60.  Otherwise you'd have to work to 65.  And no, a pension from somewhere else or social security won't count towards the difference.

Answer 2

Yes. You should be making about 40 percent of your annual salary

Answer 3

Not as good as 30 yrs but to tell you the truth, it is probably a h**l of a lot better than 22 yrs with any Social Security job.

go for it, you wont be sorry.

Answer 4

A full pension, no.  A decent pension, perhaps.

To qualify for full Railroad Retirement Benefits one must have 360 months of compensated service.  Hiring out today, depending on your date of birth, the age to collect is 65 or 67.

The exception is, if you have 240 months of compensated service, and are forced to retire early due to disability, then full benefits are payable, the same as if you had participated for the full 360 months.

This doesn't mean you shouldn't take the job.  I always maintain that any time you can get your name on a seniority roster it's best to go for it.  There are many other benefits besides a good pension to consider, primary of which is health coverage.

RRT pays about 4 to 5 times better than social security.  I was out early due to disability, and with 28 1/2 years paid in I'm collecting nearly $3000 per month.  So, to any rails reading this, NO LAYING OFF!  I want them checks to keep a'commin'....