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SOCIAL SECURITY: A DISCUSSION OF SOME ISSUES AFFECTING THE EARLY RETIREMENT AGE (CRS Report for Congress)

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Release Date May 15, 2000
Report Number RL30558
Report Type Report
Authors Geoffrey Kollmann, Domestic Social Policy Division
Source Agency Congressional Research Service
Summary:

There are many proposals to raise the Social Security's "early retirement age," the minimum age at which one is eligible to retire. This report examines certain technical aspects concerning the issues surrounding the earliest age of retirement. Among other things, it finds that the reduction applied to benefits to compensate for their early receipt is generally accurate for workers, but will become too large in the future, especially for women, as life expectations increase.