Sec. 3105. Adjustment to normal and early retirement ages
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/bill/113/s/11/is/section-3105·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 216(l) of the Social Security Act ( 42 U.S.C. 416(l) ) is amended— in paragraph (1)— in subparagraph (D), by striking ; and and inserting a semicolon; and by striking subparagraph
(E)and inserting the following new subparagraphs: with respect to an individual who attains early retirement age after December 31, 2021, and before January 1, 2023, 67 years of age; with respect to an individual who, during the period after December 31, 2022, and before January 1, 2070— for purposes of paragraph (2)(A)(ii), attains 62 years of age, such individual's early retirement age plus 60 months; or attains early retirement age pursuant to paragraph (2)(B), 67 years plus the number of months determined under the age increase factor for the calendar year in which such individual attains early retirement age; and with respect to an individual who— for purposes of paragraph (2)(A)(iii), attains 62 years of age after December 31, 2069, 69 years of age; or attains early retirement age pursuant to paragraph (2)(B) after December 31, 2069, 69 years of age. ; by amending paragraph
(2)to read as follows: The term early retirement age means— in the case of an old-age, wife's, or husband's insurance benefit— 62 years of age with respect to an individual who attains such age before January 1, 2023; with respect to an individual who attains 62 years of age after December 31, 2022, and before January 1, 2070, 62 years of age plus the number of months determined under the age increase factor for the calendar year in which such individual attains 62 years of age; and with respect to an individual who attains age 62 after December 31, 2069, 64 years of age; or in the case of a widow's or widower's insurance benefit, 60 years of age. ; and by adding at the end the following new paragraph: The age increase factor shall be equal to 1/24 of the number of months (rounded down to a full month) in the period beginning with January 2023 and ending with December of the year in which— for purposes of paragraph (1)(F)(ii), the individual attains 60 years of age; or for purposes of paragraph (2)(A)(ii), the individual attains 62 years of age. .
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Sec. 3105
Adjustment to normal and early retirement ages
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