what is the full retirement age for a person born in 1954?
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If you were born between 1943 and 1954 your full retirement age is 66.
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If you were born in 1955 your full retirement age is 66 and 2 months. If you start receiving benefits at age 66 and 2 months you get 100 percent of your monthly benefit. If you delay receiving retirement benefits until after your full retirement age, your monthly benefit continues to increase.
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For the full retirement benefit, you must be 62 years old at retirement or, if you have 30 years of credited service, you may retire as early as age 55. With less than 30 years of service, you may retire as early as age 55, but you will receive a reduced benefit.
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If you were born in 1959 your full retirement age is 66 and 10 months. You can start your Social Security retirement benefits as early as age 62, but the benefit amount you receive will be less than your full retirement benefit amount.
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Originally Answered: If you were born in 1964, what is the age you can start collecting social security? Under current law, it is 67 for full retirement benefits.
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The full retirement age (FRA) has already increased from 65 to 66 and will rise incrementally over the next several years to 67. These changes were mandated by Congress in 1983 as part of a law that strengthened Social Security's finances. ... Currently, 66 is the full retirement age for people born between 1943 and 1954.
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The full retirement age for survivors is age 66 for people born in 1945-1956. And the full retirement age will gradually increase to age 67 for people born in 1962 or later. Your widow or widower can get reduced benefits as early as age 60. If your surviving spouse is disabled, benefits can begin as early as age 50.
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Full Retirement Age for Survivors Born In 1957: 66 and 2 Months.
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If you were born between 1943 and 1954, your full retirement age is 66. If you were born in 1955, it is 66 and 2 months. For those born between 1956 and 1959, it gradually increases, and for those born in 1960 or later, it is 67.
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Born in 1979 (Updated July 2017) Prior to this announcement your retirement age would have been set at 68. The announcement does not essentially change that, it just brings it forward by 7 years. So your retirement age is 68 and that means you can retire (i.e. draw your State pension benefits) in 2047.
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Full Retirement Age for Survivors Born In 1962 or Later: 67.
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If you were born between 1943 and 1954 your full retirement age is 66. If you start receiving benefits at age 66 you get 100 percent of your monthly benefit.
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If you were born in 1959 your full retirement age is 66 and 10 months. If you start receiving benefits at age 66 and 10 months you get 100 percent of your monthly benefit.
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Full retirement age If you were born in 1953 or earlier, you're already eligible for your full Social Security benefit. The full retirement age is 66 if you were born from 1943 to 1954. The full retirement age increases gradually if you were born from 1955 to 1960 until it reaches 67.
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The result is that not everyone has the same full retirement age. The age at which you gain access to full Social Security benefits depends on the year you were born. If you were born between 1943 and 1954, your full retirement age is 66. If your birth year is 1960 or after, your normal retirement age is 67.
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Contact us if you're working (or plan to work) outside the country. How much can you earn and still get benefits? If you were born January 2, 1958, through January 1, 1959, then your full retirement age for retirement insurance benefits is 66 and 8 months.
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A retirement age equivalent to age-65 retirement in 1980 would be 66 years and 11 months in 2000.