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BenefitsLink > Q&A Columns >

Stop, Look & Listen: Railroad Retirement Benefits Q&A

Answers are provided by Robert S. Kaufman

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.


Important notice:

Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.

The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.


Copyright 1997-2017 Robert S. Kaufman
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