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Supplemental Annuity and Reduction at Age 62
(Posted December 9, 2013)
Question 1082: My wife will receive a reduced annuity at 62. Is it a certain percentage? She has retirement through the Virginia Retirement System as well.
Answer: A Supplemental Annuity is payable to Rail Workers who have at least 30 years of rail service and have a Current Connection. It is a separate benefit (i.e., it has no connection to the regular annuity or Tier 2).
The reduction applied for early retirement at 62 is 30%. Your wife's Tier 1 also may be reduced by the Public Pension Offset if her job wasn't covered by Social Security. The reduction would be in an amount equal to 66-2/3% of her State Pension.
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