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BenefitsLink > Q&A Columns >

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

Answers are provided by Robert S. Kaufman

Early Retirement Benefits Are Reduced

(Posted May 19, 2011)

Question 820: I left the railroad in 1990 with over 10 years of service. I'm now 54 and plan to retire at age 62. How much of a reduced benefit will I receive, and would I receive more if I retire at age 65?

Answer: You were born in 1957 so your full retirement age is 66 and 6 months, not age 65. You will reach that age in either 2023 or 2024.

If you decide to retire at 62, your benefits will be reduced by 27.5% of what you would receive at 66 and 6 months.

The best place to get an estimate of your your future benefit is the Railroad Retirement Board. Their toll-free number is (877) 772-5772.


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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