The (H.R. 1900, Public Law 98-21) contained a provision that increased the full retirement age (i.e., the age to qualify for unreduced Social Security retirement benefits) for individuals retiring in the year 2000 and later.
For persons born in 1938 or later, their Social Security benefit was affected by a provision that raised the age at which full Social Security benefits are payable. The age for collecting full Social Security retirement benefits is gradually increasing from 65 to 67 over a 22-year period as shown below: Year of Birth and Full Retirement Age 1937 or earlier: 65 1938: 65 and 2 months 1939: 65 and 4 months 1940: 65 and 6 months 1941: 65 and 8 months 1942: 65 and 10 months 1943 – 1954: 66 1955: 66 and 2 months 1956: 66 and 4 months 1957: 66 and 6 months 1958: 66 and 8 months 1959: 66 and 10 months 1960 and later: 67
Similar Posts:
- I will be 62 in four months. Do I need to wait until after my 62nd birthday to apply for my Social Security benefits?
- Many Baby Boomers Become Medicare Eligible
- ING Your Number: Retirement Calculator Assumptions and Factors
- Do Not Procrastinate About Retirement Planning
- Changes to Look for on Your 2011 W-2
Recent Comments