Why We Should Keep the Social Security Retirement Age.
In recent years, politicians and analysts from
both political parties, pointing to projected
increases in life expectancy, have advocated
raising social security's normal, or full retirement
(FRA), retirement age. The FRA refers to the age
of eligibility for full benefits. Under the original
Social Security Act, the ¥RA was set at age 65,
"based simply on what seemed appropriate and
afFordable at the time" (Kingson & Altman, 2011,
p. 2). In 1983, in the face of concern about the
long-term solvency of the program, Congress and
then-President Ronald Reagan amended the act
to gradually increase the FRA to 67 for individuals
born after 1937. This amendment will be fully
implemented in 2022
Why We Should Keep the Social Security Retirement Age.In recent years, politicians and analysts fromboth political parties, pointing to projectedincreases in life expectancy, have advocatedraising social security's normal, or full retirement(FRA), retirement age. The FRA refers to the ageof eligibility for full benefits. Under the originalSocial Security Act, the ¥RA was set at age 65,"based simply on what seemed appropriate andafFordable at the time" (Kingson & Altman, 2011,p. 2). In 1983, in the face of concern about thelong-term solvency of the program, Congress andthen-President Ronald Reagan amended the actto gradually increase the FRA to 67 for individualsborn after 1937. This amendment will be fullyimplemented in 2022
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