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"" Benefit Information
"" Appendix: Railroad Retirement Employee Annuities and Pensions from Work Not Covered by Social Security or Railroad Retirement
Tables
"" Table 1: Indexing Factors and Average Wages
"" Table 2: Employee Full Retirement Age with Less than 30 Years of Service
"" Table 3: Tier 1 Maximum Annual Taxable Earnings
"" Table 4: Tier 2 Maximum Annual Taxable Earnings Base
"" Table 5: Bend Point Table Dollar Amounts (Bend Points) in PIA formula
Calculating Railroad Retirement Employee Annuity Benefit
Tables

Table 1.--Indexing Factors and Average Wages 1951-2008

Year National
Wage
Series		 Indexing Factors for worker where first year of eligibility is in
    2005 2006 2007 2008
1951 2,799.16 12.1697045 12.7354456 13.2014390 13.8082175
1952 2,973.32 11.4568731 11.9894764 12.4281746 12.9994114
1953 3,139.44 10.8506453 11.3550665 11.7705514 12.3115619
1954 3,155.64 10.7949418 11.2967734 11.7101254 12.2483585
1955 3,301.44 10.3182096 10.7978791 11.1929764 11.7074398
1956 3,532.36 9.6436801 10.0919923 10.4612610 10.9420925
1957 3,641.72 9.3540827 9.7889322 10.1471118 10.6135041
1958 3,673.80 9.2724019 9.7034542 10.0585062 10.5208259
1959 3,855.80 8.8347295 9.2454354 9.5837284 10.0242258
1960 4,007.12 8.5011055 8.8963021 9.2218202 9.6456832
1961 4,086.76 8.3354418 8.7229370 9.0421116 9.4577147
1962 4,291.40 7.9379573 8.3069744 8.6109288 9.0067134
1963 4,396.64 7.7479507 8.1081348 8.4048137 8.7911246
1964 4,576.32 7.4437430 7.7897852 8.0748156 8.4459588
1965 4,658.72 7.3120836 7.6520053 7.9319942 8.2965729
1966 4,938.36 6.8980289 7.2187022 7.4828364 7.8267704
1967 5,213.44 6.5340639 6.8378173 7.0880148 7.4138016
1968 5,571.76 6.1138581 6.3980771 6.6321844 6.9370199
1969 5,893.76 5.7798332 6.0485242 6.2698413 6.5580224
1970 6,186.24 5.5065678 5.7625553 5.9734087 6.2479648
1971 6,497.08 5.2431169 5.4868572 5.6876227 5.9490433
1972 7,133.80 4.7751479 4.9971334 5.1799798 5.4180675
1973 7,580.16 4.4939619 4.7028757 4.8749551 5.0990230
1974 8,030.76 4.2418090 4.4390008 4.6014250 4.8129206
1975 8,630.92 3.9468504 4.1303303 4.2814601 4.4782491
1976 9,226.48 3.6920852 3.8637216 4.0050962 4.1891827
1977 9,779.44 3.4833232 3.6452547 3.7786356 3.9523132
1978 10,556.03 3.2270607 3.3770793 3.5006475 3.6615479
1979 11,479.46 2.9674697 3.1054205 3.2190486 3.3670059
1980 12,513.46 2.7222647 2.8488164 2.9530554 3.0887868
1981 13,773.10 2.4732958 2.5882735 2.6829791 2.8062971
1982 14,531.34 2.3442401 2.4532184 2.5429823 2.6598655
1983 15,239.24 2.2353444 2.3392604 2.4248545 2.5363082
1984 16,135.07 2.1112366 2.2093830 2.2902250 2.3954907
1985 16,822.51 2.0249624 2.1190982 2.1966365 2.2976007
1986 17,321.82 1.9665918 2.0580141 2.1333174 2.2313712
1987 18,426.51 1.8486925 1.9346339 2.0054226 2.0975980
1988 19,334.04 1.7619158 1.8438231 1.9112891 1.9991378
1989 20,099.55 1.6948116 1.7735994 1.8384959 1.9229988
1990 21,027.98 1.6199820 1.6952912 1.7573224 1.8380943
1991 21,811.60 1.5617813 1.6343849 1.6941875 1.7720575
1992 22,935.42 1.4852551 1.5543012 1.6111735 1.6852279
1993 23,132.67 1.4725905 1.5410478 1.5974351 1.6708581
1994 23,753.53 1.4341005 1.5007685 1.5556820 1.6271859
1995 24,705.66 1.3788318 1.4429305 1.4957277 1.5644759
1996 25,913.90 1.3145435 1.3756536 1.4259891 1.4915320
1997 27,426.00 1.2420677 1.2998086 1.3473689 1.4092981
1998 28,861.44 1.1802928 1.2351619 1.2803568 1.3392059
1999 30,469.84 1.1179891 1.1699618 1.2127711 1.2685137
2000 32,154.82 1.0594042 1.1086534 1.1492193 1.2020409
2001 32,921.92 1.0347194 1.0828211 1.1224418 1.1740327
2002 33,252.09 1.0244454 1.0720695 1.1112968 1.1623754
2003 34,064.95 1.0000000 1.0464877 1.0847789 1.1346387
2004 35,648.55 1.0000000 1.0000000 1.0365903 1.0842351
2005 36,952.94 1.0000000 1.0000000 1.0000000 1.0459631
2006 38,651.41 1.0000000 1.0000000 1.0000000 1.0000000
2007 ---------- 1.0000000 1.0000000 1.0000000 1.0000000
2008 ---------- 1.0000000 1.0000000 1.0000000 1.0000000

Table 2.--Employee Full Retirement Age with Less than 30 Years of Service

Year of Birth Full Retirement Age Annuity Reduction at Age 62 *
1937 or earlier 65 20.00%
1938 65 and 2 months 20.833%
1939 65 and 4 months 21.667%
1940 65 and 6 months 22.50%
1941 65 and 8 months 23.333%
1942 65 and 10 months 24.167%
1943 through 1954 66 25.00%
1955 66 and 2 months 25.833%
1956 66 and 4 months 26.667%
1957 66 and 6 months 27.50%
1958 66 and 8 months 28.333%
1959 66 and 10 months 29.167%
1960 or later 67 30.00%

*A person attains a given age the day before his or her birthday.  Consequently, someone born on January 1 is considered to have been born on December 31 of the previous year.

Table 3.--Tier 1 Maximum Annual Taxable Earnings 1937-2008

Year Annual Taxable Earnings
1937 - 1950 $3,000
1951 - 1954 3,600
1955 - 1958 4,200
1959 - 1965 4,800
1966 - 1967 6,600
1968 - 1971 7,800
1972 9,000
1973 10,800
1974 13,200
1975 14,100
1976 15,300
1977 16,500
1978 17,700
1979 22,900
1980 25,900
1981 29,700
1982 32,400
1983 35,700
1984 37,800
1985 39,600
1986 42,000
1987 43,800
1988 45,000
1989 48,000
1990 51,300
1991 53,400
1992 55,500
1993 57,600
1994 60,600
1995 61,200
1996 62,700
1997 65,400
1998 68,400
1999 72,600
2000 76,200
2001 80,400
2002 84,900
2003 87,000
2004 87,900
2005 90,000
2006 94,200
2007 97,500
2008 102,000

Table 4.--Tier 2 Maximum Annual Taxable Earnings Base * 1973 - 2008

Year Maximum Annual Taxable Earnings Base *
1973 $900
1974 1,100
1975 1,175
1976 1,275
1977 1,375
1978 1,475
1979 1,575
1980 1,700
1981 1,850
1982 2,025
1983 2,225
1984 2,350
1985 29,700
1986 31,500
1987 32,700
1988 33,600
1989 35,700
1990 38,100
1991 39,600
1992 41,400
1993 42,900
1994 45,000
1995 45,300
1996 46,500
1997 48,600
1998 50,700
1999 53,700
2000 56,700
2001 59,700
2002 63,000
2003 64,500
2004 65,100
2005 66,900
2006 69,900
2007 72,600
2008 75,900

*Earnings bases are monthly through 1984 and annual for 1985 and later.

Table 5.--Bend Point Table Dollar Amounts (Bend Points) in PIA Formula 1979-2008

Year First Second
1979 $180 $1,085
1980 194 1,171
1981 211 1,274
1982 230 1,388
1983 254 1,528
1984 267 1,612
1985 280 1,691
1986 297 1,790
1987 310 1,866
1988 319 1,922
1989 339 2,044
1990 356 2,145
1991 370 2,230
1992 387 2,333
1993 401 2,420
1994 422 2,545
1995 426 2,567
1996 437 2,635
1997 455 2,741
1998 477 2,875
1999 505 3,043
2000 531 3,202
2001 561 3,381
2002 592 3,567
2003 606 3,653
2004 612 3,689
2005 627 3,779
2006 656 3,955
2007 680 4,100
2008 711 4,288
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