{"data":{"id":"us/20-cfr-234.53","jurisdiction":"us","citation":"20 CFR 234.53","heading":"Computation of the lump-sum refund payment.","body":"(a) The lump-sum refund payment is calculated as follows:\n(1) Combine the railroad employee's creditable earnings, including military service, under the Social Security Act and Railroad Retirement Act for each of the years 1951 through 1974;\n(2) Determine the amount of the employee's creditable earnings in excess of the amounts for each year shown in the chart in paragraph (b) of this section;\n(3) Multiply the results of paragraph (a)(2) of this section by the percentage shown in the chart in paragraph (b) of this section; and\n(4) Add the results of paragraph (a)(3) of this section. The total is the amount of the lump-sum refund payment.\n(b) Chart for calculation of lump-sum refund payment.\nYear Amount Percentage\n1951-53 $3,600 1.5\n1954-56 4,200 2.0\n1957-58 4,200 2.25\n1959 4,800 2.5\n1960-61 4,800 3.0\n1962 4,800 3.125\n1963-65 5,400 3.625\n1966 6,600 4.2\n1967 6,600 4.4\n1968 7,800 3.3\n1969-70 7,800 4.2\n1971 7,800 4.6\n1972 9,000 4.6\n1973 10,800 4.85\n1974 13,200 4.95","path":["Title 20—Employees' Benefits","CHAPTER II—RAILROAD RETIREMENT BOARD","SUBCHAPTER B—REGULATIONS UNDER THE RAILROAD RETIREMENT ACT","PART 234—LUMP-SUM PAYMENTS","Subpart E—Lump-Sum Refund Payment"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-20.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:45Z","sha256":"d2a5b180fe39a661cb507f98bb6b140c62739620ecb0dc81d4289ef4f1872fbe","source_id":"us-cfr","stale":true,"prev":"us/20-cfr-234.52","next":"us/20-cfr-234.55"},"notice":"GroundRules: Original legal text. Not legal advice."}