SS_Medicare_flipbook_2017 - page 7

$1,171
Average monthly
disability benefit
(in 2017)
59%
Percentage of eligible workers
who claim benefits before
reaching full retirement age
Source: Social Security Administration, 2016
How Filing Early or Later Affects Benefits
Year
of birth
Full
retirement age
Benefit reduction
at age 62:
Primary
Benefit increase
at age 70:
Primary
Benefit reduction
at age 62:
Spouse
1943–54
66
25.00% 132.00% 30.00%
1955
66 and 2 months
25.83% 130.67% 30.83%
1956
66 and 4 months
26.67% 129.33% 31.67%
1957
66 and 6 months
27.50% 128.00% 32.50%
1958
66 and 8 months
28.33% 126.67% 33.33%
1959 66 and 10 months
29.17% 125.33% 34.17%
1960 & later
67
30.00% 124.00% 35.00%
1,2,3,4,5,6 8,9,10,11,12,13,14,15,16,17,...22
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