Sentences with phrase «after normal retirement age»
Benefits can be higher than the PIA if one retires after the normal retirement age.
https://www.ssa.gov/
Delaying benefits until after normal retirement age increases this amount by about 8 % per year, up to age 70.
Not exact matches
Under the first bill, uniformed court officers hired since April 1, 2012 will have their «normal» retirement age lowered to 62 from 63, and will be able to retire at age 55 after 30 years of service.
That is sooner than U.S. averages for all workers: the U.S. Social Security normal retirement age for anyone born after 1960 is 67, and the Boston College Center for Retirement Research estimates the national average retirement age at 62 for women and 64 for men.
It's not until they get closer to their plan's normal retirement age — usually after 30 years or more for a 25 - year - old teacher — that teachers begin to rapidly accrue benefits.
After reaching normal retirement age, earnings no longer reduce the monthly benefit.
You can also boost your monthly payment above the normal amount by delaying your start date even after you reach full retirement age.
They typically start after short - term disability payments end, and can last for as long as you are disabled up to your normal retirement age.
Retirement before «Normal Retirement Age» (NRA) reduces benefits, and retirement after NRA increases benefits.
People born after 1937 have a normal retirement age of more than 65 years (see the table on this page).
It aims to replace part or all of your previous after - tax income, and will normally pay out monthly payments up to your normal retirement age.
The longest benefit period you can get is to age 67 (or age 70 with certain carriers), the normal retirement age for persons born after 1955.