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Current as of October 02, 2022 | Updated by FindLaw Staff
Delayed retirement credits earned at different times are added to the PIA used in computing a retirement annuity as follows:
DRC's earned for month in |
Are added to PIA |
---|---|
Years before the year the employee annuity begins.․․․․ |
On the date the annuity begins. |
Year the annuity begins․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
On January 1 of the year after the annuity begins. |
Years after the annuity begins, and before the year the employee attains age 70 (72 before 1984). |
On January 1 of the year after the credits are earned. |
Year the employee attains age 70 (72 before 1984).․․․․ |
In the month age 70 (or 72) is attained. |
Cite this article: FindLaw.com - Code of Federal Regulations Title 20. Employees' Benefits § 20.225.35 When a PIA used in computing a retirement annuity can be increased for DRC's - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-20-employees-benefits/cfr-sect-20-225-35/
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