A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

What is the retirement age in california?

Best Answers

If you start your benefits early, they will be reduced based on the number of months you receive benefits before you reach your full retirement age. If your: full retirement age is 66, the reduction of your benefits at age 62 is 25 percent; at age 63, it is about 20 percent; at age 64, it is about 13.3 percent; and at age 65, it is about 6.7 percent. read more

full retirement age is older than 66 (that is, you were born after 1954), you can still start your retirement benefits at 62 but the reduction in your benefit amount will be greater, up to a maximum of 30 percent at age 62 for people born in 1960 and later. read more

The “Full Retirement Age” in order to claim 100% of your Social Security benefits is between 65-67 (depending on when you were born). Likewise, Medicare eligibility begins at age 65. Historically, however, most Americans have left the workforce some time before age 65. read more

Social Security's full-benefit retirement age is increasing gradually because of legislation passed by Congress in 1983. Traditionally, the full benefit age was 65, and early retirement benefits were first available at age 62, with a permanent reduction to 80 percent of the full benefit amount. read more

Encyclopedia Research

Related Facts