225.35—When a PIA used in computing a retirement annuity can be increased for DRC's.
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. |