Latest News
January 1, Social Security Full Retirement Age Increases Again
The full retirement age – the age at which individuals are eligible to claim their full Social Security benefit – rose to 67 this year for those who were born in 1960.
From this year forward, the full retirement age will remain 67 for anyone born after 1960, barring any future changes by Congress.
Congress mandated the changes in 1983 as part of a law that strengthened the program’s finances. In doing so, lawmakers cited the improvements in the health of older Americans and the increased life expectancy.
Workers can begin collecting their Social Security benefits when they reach 62, for a price.
A benefit is reduced 5/9 of one percent for each month before the full retirement age, up to three years. If the number exceeds three years (or 36 months), then the benefit is further reduced 5/12 of one percent each month.
For instance, if someone chose to collect Social Security at age 62, the benefit would be reduced by 30% on a monthly basis.
Source:
-
Entertainment4 months ago‘He’s A Pr*ck And F*cking Hates Republicans’: Megyn Kelly Goes Off on Don Lemon
-
Entertainment9 months agoWhoopi Goldberg’s “Wildly Inappropriate” Commentary Forces “The View” into Unscheduled Commercial Break
-
Entertainment8 months agoLate Night Host is Getting Canceled After Staffers Speak Out
-
Entertainment3 months agoBeach Boys Founder Brian Wilson Announces Tragic News
-
Featured8 months agoUS Advises Citizens to Leave This Country ASAP
-
Entertainment2 months agoComedy Mourns Legend Richard Lewis: A Heartfelt Farewell
-
Featured7 months agoBenghazi Hero: Hillary Clinton is “One of the Most Disgusting Humans on Earth”
-
Latest News2 months agoSupreme Court Gift: Trump’s Trial Delayed, Election Interference Allegations Linger
Jim Hesse
February 25, 2022 at 12:42 pm
How long are we going to allow these spoon fed morons to ruin our Social Security. The people need to vote on these type of rule changes not the morons who have their own top rated insurances and retirements for life at our cost. Change the law for them to be on the same programs as the people and this will change quickly.