[Code of Federal Regulations]
[Title 20, Volume 1]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 20CFR225.60]

[Page 435]
 
                      TITLE 20--EMPLOYEES' BENEFITS
 
                  CHAPTER II--RAILROAD RETIREMENT BOARD
 
PART 225_PRIMARY INSURANCE AMOUNT DETERMINATIONS--Table of Contents
 
                        Subpart G_Adjusting PIA's
 
Sec. 225.60  Adjustment at age 62 when employee is entitled to an 
annuity based on 30 years of railroad service.


    (a) Description. The Tier I PIA of an employee who is entitled to an 
age annuity based on 30 years of railroad service is adjusted when the 
employee reaches age 62. The Average Indexed Monthly Earnings on which 
the PIA is based is adjusted by using the year in which the employee 
attains age 62 as the eligibility year. This adjustment applies to any 
employee who attained age 60 or acquired 30 years of railroad service 
after June 30, 1984. The adjustment affects the tier I of the employee 
and spouse annuity.
    (b) Effective date of adjustment. A PIA adjustment based on the 
employee's attainment of age 62 is effective with the first full month 
in which the employee is age 62. For purposes of a spouse age annuity 
tier I, the adjusted PIA is used beginning with the first full month 
both the employee and spouse are age 62.