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RRB | RIN: 3220-AB61 | Publication ID: Fall 2008 |
Title: Payments Pursuant to Court Decree or Court-Approved Property Settlement | |
Abstract: The Board proposes to amend part 295 of its regulations to reflect the changes made by Public Law 109-280, to reflect changes in certain titles of agency employees, and to correct or clarify certain references. Under section 14(b) of the Railroad Retirement Act, the non-tier I portion of a railroad retirement annuity may be characterized as property subject to partition in a proceeding for divorce, annulment, or legal separation. Prior to the effective date of Public Law 109-280, a partition payment would terminate upon the death of either the railroad employee or the former spouse, which ever occurred first, unless the court order provided for termination at an earlier date. Section 1003 of the Pension Protection Act of 2006, Public Law 109-280, amended the Railroad Retirement Act effective August 17, 2007, to provide that a partition payment will only terminate upon the employee's death when the court order requires such termination. Consequently, unless the court order requires termination of payments upon the employee's death, tier II partition payments to divorced spouses may now continue beyond the employee's death. | |
Agency: Railroad Retirement Board(RRB) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Completed Actions |
Major: No | Unfunded Mandates: No |
CFR Citation: 20 CFR 295 | |
Legal Authority: 45 USC 231f 45 USC 231m |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Marguerite P. Dadabo Assistant General Counsel Railroad Retirement Board Room 836, Office of General Counsel, 844 North Rush Street, Room 811, Chicago, IL 60611 Phone:312 751-4945 TDD Phone:312 751-4701 Fax:312 751-7102 |