Social Security’s full retirement age increases in 2025

social security form
FRA FILE PHOTO: How old do you have to be to hit full retirement age, or FRA, to get full Social Security benefits? (gunnar3000 - stock.adobe.com)

If you’re planning on Social Security, you can still retire at the age of 62, but it will take a bit longer to get your full benefits.

The Social Security Administration has set its full retirement age or FRA for 67 for anyone born in 1960 or later.

The adjustment was put into effect by Congress in 1983 to help account for longer life expectancies, CBS News reported.

Every year, the FRA increases two months at a time.

Those born from 1943 to 1954 hit FRA at 66. Born in 1955? The FRA is 66 and two months.

Here is the breakdown:

  • 1943-1954 - 66 years old
  • 1955 - 66 years old and two months
  • 1956 - 66 years old and four months
  • 1957 - 66 years old and six months
  • 1958 - 66 years old and eight months
  • 1959 - 66 years old and 10 months
  • 1960 - 67 years old

Once you hit your birth month for FRA, you can then start collecting the full amount. That means the people born in 1958 could receive their full benefits starting September this year.

Next year those born in 1959 can start collecting in November at the earliest, CBS News reported. Those born in 1960 can collect starting January 2027.

The adjustment for those born in 1960 is the final one, unless more changes are enacted, Fox Business reported.

The SSA said if you were born on Jan. 1 then you’re on the year before your birth’s chart. For example, if you were born Jan. 1, 1959, then you would be under the 1958 scale, hitting FRA at 66 and 8 months.

If you decide to take Social Security at age 62, you can but you won’t get your full benefit, losing as much as 30% of the payment depending on how early a person claims, Fox Business said. If you hold off though, you get an up to 8% bonus for waiting until you hit FRA.

To see when you can get your benefits and how much money you get, visit the SSA’s benefit calculator site.


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