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 On the date the annuity
begins. begins.Year the annuity begins................... On January 1 of the year
after the annuity begins.Years after the annuity begins, and before On January 1 of the year
the year the employee attains age 70 (72 after the credits are
before 1984). earned.Year the employee attains age 70 (72 In the month age 70 (or 72)
before 1984). is attained.------------------------------------------------------------------------