Paid to retirees receiving unreduced retirement benefits from Minimum Retirement Age until age 62. (opm.gov)
Raises the age of eligibility for unreduced retirement benefits in two stages to 67 by the year 2027. (ssa.gov)
Therefore, teachers who begin their careers at age 25 can reach 30 years of service by age 55, entitling them to seven additional years of unreduced retirement benefits beyond what other teachers can receive who started their careers at age 32 and can not retire with unreduced benefits until age 62. (nctq.org)