Railroad Separation Allowance or Severance Pay Report

Section 6 of the Railroad Retirement Act provides for a lump-sum payment to an employee or the employee's survivor equal to the Tier II taxes paid by the employee on a separation allowance or severance payment for which the employee did not receive credits toward retirement. The collection obtains information concerning the separation allowances and severance payments paid from railroad employers.

The latest form for Railroad Separation Allowance or Severance Pay Report expires 2021-12-31 and can be found here.