For example, while Americans born between 1950 and 1964 could maintain their current full retirement ages of between 66 and 67, the full retirement ages for Americans born after 1965 could be increased by two to four months each year until the average life expectancy at full retirement age returned to approximately 15 to 16 years.
Individuals who are a few years shy of their full retirement age and who are out of work (not necessarily for health reasons) may seek SSDI benefits to avoid the reduction in Social Security retirement benefits associated with an early labor force exit.
For those presently approaching this milestone, the full retirement age is between 66 and 67.
The protesters are trying to prevent parliament from approving a bill that would raise the minimum and full retirement ages
by two years to 62 and 67 respectively.
Today, Associate Professor of Finance Joshua Rauh of the Kellogg School is presenting this new paper, which examines the present value of state pension liabilities under existing policies and separately under several hypothetical policy measures, such as changes to cost of living adjustments (COLAs), full retirement ages
, early retirement ages and buyout rates for early retirement.
A majority of the French support the protests against planned legislation to raise the minimum and full retirement ages
by two years to 62 and 67 respectively, a measure the government says is the only way to rein in a growing pension deficit.