RS 00615: Computation of Monthly Benefits Amounts
TN 24 (09-02)
Full retirement age (FRA) is the age at which unreduced retirement (old-age), spouse's, or widow(er)'s benefits may be paid.
A. POLICY - RETIREMENT AND SPOUSE'S BENEFITS
1. People Born 1/1/38 or Earlier
FRA for retirement or spouse's benefits is age 65.
2. People Born 1/2/38 or Later
Use the following chart to determine FRA for retirement or spouse's benefits:
| If the Birth Date is... | The FRA is... |
|---|---|
| 1/2/38 thru 1/1/39 | 65 years and 2 months |
1/2/39 thru 1/1/40 |
65 years and 4 months |
| 1/2/40 thru 1/1/41 | 65 years and 6 months |
| 1/2/41 thru 1/1/42 | 65 years and 8 months |
1/2/42 thru 1/1/43 |
65 years and 10 months |
1/2/43 thru 1/1/55 |
66 years |
1/2/55 thru 1/1/56 |
66 years and 2 months |
1/2/56 thru 1/1/57 |
66 years and 4 months |
1/2/57 thru 1/1/58 |
66 years and 6 months |
1/2/58 thru 1/1/59 |
66 years and 8 months |
1/2/59 thru 1/1/60 |
66 years and 10 months |
1/2/60 and later |
67 years |
B. POLICY - WIDOW(ER)'S BENEFITS
1. People Born Before 1/2/1911
FRA for widow(er)'s benefits was age 62
2. People Born from 1/2/1911 Through 1/1/40
FRA for widow(er)'s benefits was age 65.
3. People Born 1/2/40 or Later
FRA for widow(er)'s benefits gradually increases from age 65 and 2 months to age 67. Use the following chart to determine FRA for widow(er)'s benefits:
| If the Birth Date is... | Then FRA is... |
|---|---|
1/2/40 thru 1/1/41 |
65 years and 2 months |
1/2/41 thru 1/1/42 |
65 years and 4 months |
1/2/42 thru 1/1/43 |
65 years and 6 months |
1/2/43 thru 1/1/44 |
65 years and 8 months |
1/2/44 thru 1/1/45 |
65 years and 10 months |
1/2/45 thru 1/1/57 |
66 years |
1/2/57 thru 1/1/58 |
66 years and 2 months |
1/2/58 thru 1/1/59 |
66 years and 4 months |
1/2/59 thru 1/1/60 |
66 years and 6 months |
1/2/60 thru 1/1/61 |
66 years and 8 months |
1/2/61 thru 1/1/62 |
66 years and 10 months |
1/2/62 and later |
67 years |