Railroad workers can now get full retirement benefits at age 60 without a pay cut

The Railroad Retirement Board changed its rules for when employees can start getting their retirement money. Now, railroad workers with 30 years of service can start receiving their full, unreduced benefits as soon as they turn 60, instead of having to take a smaller payment.

For years, railroad workers who wanted to retire at age 60 had to accept a lower monthly payment. This rule change means they can now get their full benefit at that age, as the law always intended. It corrects a long-standing discrepancy where the agency's own rules contradicted federal law.