Q & A

When did full retirement age change to age 66?

Answer: Full retirement age (FRA) is the age at which a person may first become entitled to full, unreduced, retirement benefits. The original Social Security Act of 1935 established that retirement, then the only SSA benefit, could begin at age 65. Since reduced benefits came later and age 65 was retirement age, there was no need then for the concept of full retirement age. The 1956 Amendments signed by President Dwight Eisenhower provided an early age 62 retirement option to women effective November 1956, establishing reduced retirement benefits. Read more…

Source: GrandForksHerald.com – November 30, 2013

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