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Social Security: Raising the Retirement Age Background and Issues (CRS Report for Congress)

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Release Date Revised June 24, 2002
Report Number 94-622
Authors Geoffrey Kollmann, Education and Public Welfare Division
Source Agency Congressional Research Service
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  • Premium   June 7, 2000 (6 pages, $24.95) add
Summary:

The Social Security "full retirement age" — the age at which retired workers, aged spouses, or surviving aged spouses receive benefits that are not reduced for "early" retirement — will gradually rise from 65 to 67 beginning with people who attain age 62 in 2000 (i.e., those born in 1938). Early retirement benefits will still be available beginning at age 62 (age 60 for aged widows and widowers), but at lower levels. This report discusses bills introduced in the last four Congresses that would, among other things, accelerate the phase-in of the increase in the full retirement age to 67, raise the early retirement age to 65 or 67, and raise the full retirement age to 69 or 70.
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