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- W1567302896 abstract "Traditionally Social Security's Normal Retirement Age has been 65, but for the last 45 years both men and women have had the option to claim benefits at the Early Eligibility Age (EEA) of 62. In exchange for claiming early, individuals receive a smaller monthly benefit. The legislation that established the EEA reduced benefits by 5/9 of 1 percent for each month before age 65, so that a person claiming at age 62 would face a 20 percent [(5/9)*36] reduction. This publication explains the factor of 5/9 and why it has remained constant since the establishment of the EEA." @default.
- W1567302896 created "2016-06-24" @default.
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- W1567302896 date "2004-07-12" @default.
- W1567302896 modified "2023-09-27" @default.
- W1567302896 title "How can the actuarial reduction for Social Security early retirement be right" @default.
- W1567302896 hasPublicationYear "2004" @default.
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