Age 65 remained as full retirement age until the 1983 SSA Amendments signed by President Reagan. Addressing financing needs of that time, the 1983 Amendments made numerous changes to the Social Security programs including taxation of SSA benefits and increases in the retirement age.
Still in progress, those 1983 retirement age increases have slowly been raising full retirement age (FRA) based on birth year from age 65 for people born in 1937 or earlier to the current FRA of age 66 for those born in 1943 – 1954.
Starting with the birth year of 1955, full retirement age will gradually continue increasing again until reaching age 67 for people born in 1960 or later as established in the 1983 Amendments. Future legislation can change these ages.
- See more at: http://socialsecurityinfo.are