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Delayed Retirement Credits
(Posted November 25, 2013)
Question 1078: The Social Security benefit increases about 8% per year until age 70 if a person delays retirement beyond his full retirement age. Does the same apply to a Railroad Retirement Annuity (Tier 1 or Tier 2) if a person delays retirement beyond the 60/30 threshold?
Answer: Tier 1 will increase by 7% to 8% a year if the rail worker delays retiring after reaching the full retirement age and before age 70.
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