[Code of Federal Regulations]
[Title 20, Volume 1]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 20CFR225.33]

[Page 452]
 
                      TITLE 20--EMPLOYEES' BENEFITS
 
                  CHAPTER II--RAILROAD RETIREMENT BOARD
 
PART 225_PRIMARY INSURANCE AMOUNT DETERMINATIONS--Table of Contents
 
                  Subpart D_Delayed Retirement Credits
 
Sec.  225.33  Months for which DRC's are due.

    (a) A DRC is due for each month after 1970 in which the employee 
is--
    (1) Full retirement age or older and under age 70 (72 before 1984); 
and
    (2) Fully insured under section 214(a) of the Social Security Act 
based on combined railroad and social security earnings; and either--
    (i) Is not entitled to an annuity because he or she did not apply 
for an annuity; or
    (ii) Is entitled to an annuity but has the full amount of the tier I 
and vested dual benefit work deduction component (described in part 226 
of this chapter) or the social security overall minimum rate (described 
in part 229 of this chapter) withheld because of earnings in excess of 
the exempt amount (as explained in part 230 of this chapter).
    (b) The months for which credit is due need not be consecutive.

[54 FR 12903, Mar. 29, 1989, as amended at 68 FR 39010, July 1, 2003]