---
kind: "section"
citation: "20 C.F.R. § 234.53"
title: "20"
number: "234.53"
heading: "Computation of the lump-sum refund payment."
url: "https://uscodex.org/cfr/20/234.53"
---

# §234.53. Computation of the lump-sum refund payment.

- (a) **The lump-sum refund payment is calculated as follows—**
  - (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;
  - (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)](#b) of this section;
  - (3) Multiply the results of [paragraph (a)(2)](#a-2) of this section by the percentage shown in the chart in [paragraph (b)](#b) of this section; and
  - (4) **Add the results of paragraph (a)(3) of this section.** The total is the amount of the lump-sum refund payment.
- (b) **Chart for calculation of lump-sum refund payment.**

## Notes

### Authority

Authority: 45 U.S.C. 231f.

### Source

Source: 51 FR 3036, Jan. 23, 1986, unless otherwise noted.