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BenefitsLink > Q&A Columns >

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

Answers are provided by Robert S. Kaufman

Retirement Age for New Hires

(Posted February 6, 2006)

Question 570: What is the retirement age for railroad employees hired in 2005?

Answer: The retirement age hasn't changed; rail workers first hired in 2005 have the same retirement age as those hired in previous years. You will become vested after 5 years (60 months).

If you stay in the rail industry for at least 30 years (360 months) you will be able to retire at 60 & receive a full benefit. If you leave before getting 30 years, you can first retire at 62 but the benefits are reduced because you have not have reached your "full retirement age."

For workers born before 1938, the "full retirement age" is 65 & the reduction at 62 is 20%. For workers born in 1938 & later, the "full retirement age" gradually increases to 67 for those born in 1960 & later, & the reduction at 62 is 30%.

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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