TN 4 (09-99)

POLICY

1. Excess Taxes Paid Pre-1951

There are no refunds for any pre-1951 taxes paid.

2. Excess Taxes Paid 1951-1974

If an employee has completed 120 months of service at the time of retirement but is not qualified for a dual benefit windfall, he/she is eligible for a refund of certain tax contributions at the time he/she begins receiving an annuity. Eligible RR employees will receive the refund without application.

3. Excess Taxes Paid After 1974

If an employee has both RR and SS earnings after 1974, and the total exceeds the maximum creditable amount under the RR Act, the excess tax contribution may be claimed on the Federal income tax return.