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No. If you retire at any time between age 62 and full retirement age, your benefits are reduced a fraction of a percent for each month before your full retirement age. The following examples show how your benefit will be reduced if you retire between age 62 and full retirement age.

If your full retirement age is 66, the reduction for starting your retirement benefits at 62 is about 25 percent. The reduction for starting benefits at age:

·        63 is about 20 percent;

·        64 is about 13.3 percent; and

·        65 is about 6.7 percent.

If your full retirement age is 67, the reduction for starting your retirement benefits at 62 is about 30 percent. The reduction for starting benefits at age:

·        63 is about 25 percent;

·        64 is about 20 percent;

·        65 is about 13.3 percent; and

·        66 is about 6.7 percent.