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Effect of Early or Delayed Retirement on Retirement Benefits

Benefit, as a percentage of Primary Insurance Amount (PIA), payable at ages 62-67 and age 70
Year
of birth		 Normal
Retirement
Age (NRA)		 Credit for each year of delayed retirement after NRA (percent) Benefit, as a percentage of PIA, beginning at age--
62 63 64 65 66 67 70
1924 65 3 80 86 2/3 93 1/3 100 103 106 115
1925-26 65 3 1/2 80 86 2/3 93 1/3 100 103 1/2 107 117 1/2
1927-28 65 4 80 86 2/3 93 1/3 100 104 108 120
1929-30 65 4 1/2 80 86 2/3 93 1/3 100 104 1/2 109 122 1/2
1931-32 65 5 80 86 2/3 93 1/3 100 105 110 125
1933-34 65 5 1/2 80 86 2/3 93 1/3 100 105 1/2 111 127 1/2
1935-36 65 6 80 86 2/3 93 1/3 100 106 112 130
1937 65 6 1/2 80 86 2/3 93 1/3 100 106 1/2 113 132 1/2
1938 65, 2 mo. 6 1/2 79 1/6 85 5/9 92 2/9 98 8/9 105 5/12 111 11/12 131 5/12
1939 65, 4 mo. 7 78 1/3 84 4/9 91 1/9 97 7/9 104 2/3 111 2/3 132 2/3
1940 65, 6 mo. 7 77 1/2 83 1/3 90 96 2/3 103 1/2 110 1/2 131 1/2
1941 65, 8 mo. 7 1/2 76 2/3 82 2/9 88 8/9 95 5/9 102 1/2 110 132 1/2
1942 65, 10 mo. 7 1/2 75 5/6 81 1/9 87 7/9 94 4/9 101 1/4 108 3/4 131 1/4
1943-54 66 8 75 80 86 2/3 93 1/3 100 108 132
1955 66, 2 mo. 8 74 1/6 79 1/6 85 5/9 92 2/9 98 8/9 106 2/3 130 2/3
1956 66, 4 mo. 8 73 1/3 78 1/3 84 4/9 91 1/9 97 7/9 105 1/3 129 1/3
1957 66, 6 mo. 8 72 1/2 77 1/2 83 1/3 90 96 2/3 104 128
1958 66, 8 mo. 8 71 2/3 76 2/3 82 2/9 88 8/9 95 5/9 102 2/3 126 2/3
1959 66, 10 mo. 8 70 5/6 75 5/6 81 1/9 87 7/9 94 4/9 101 1/3 125 1/3
1960 and later 67 8 70 75 80 86 2/3 93 1/3 100 124
Note: Persons born on January 1 of any year should refer to the previous year of birth.
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Last reviewed or modified Thursday Dec 6, 2007
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