Executive Council Statement
On the Retirement of Robert A. Scardelletti
… in the passage of the Railroad Retirement and Survivors’ Improvement Act of 2001, which liberalized early retirement benefits for employees who reached 30 years of service so that they and their spouses could retire at age 60 with full benefits. Additionally, the law eliminated a cap on monthly retirement and disability benefits, lowered the minimum service requirement from 10 years to five years and revised the financing provisions of the …