TN 26 (01-04)

RS 00615.105 Estimating Reduced Retirement Benefits

A. BACKGROUND

The 1983 Amendments changed the age at which people may receive unreduced retirement benefits. Previously, unreduced benefits were payable in the month of attainment of age 65. Beginning with those born after January 1, 1938 unreduced retirement benefits are payable at different ages depending on the date of birth. The charts in RS 00615.003 show the full retirement age (FRA) at which unreduced benefits are payable. Instructions in RS 00615.005 explain how to compute reduced benefits and explain why fractions must be used. These charts use percentages and are to be used only for estimates of benefit amounts. They were designed for use in helping members of the public understand the reduction process.

B. CHARTS

1. Estimated Retirement Benefits with Dates of Birth before 1/2/1955

  • Find the column that applies to the claimant’s date of birth.

  • Go down to the age the claimant wishes to start benefits.

  • The number shown is the percentage of the PIA payable at that age. Other reductions and deductions may apply which may cause this amount to change.

If DOB =

Before 1/2/38

1/2/38 Thru 1/1/39

1/2/39 Thru 1/1/40

1/2/40 thru 1/1/41

1/2/41 thru 1/1/42

1/2/42 thru 1/1/43

1/2/43 thru 1/1/55

FRA =

65

65+2

65+4

65+6

65+8

65+10

66

If Benefits Start at:

 

 

 

 

 

 

 

Age 62

80.0

79.2

78.3

77.5

76.7

75.8

75.0

62+1

80.6

79.6

78.8

77.9

77.1

76.3

75.4

62+2

81.1

80.0

79.2

78.3

77.5

76.7

75.8

62+3

81.7

80.6

79.6

78.8

77.9

77.1

76.3

62+4

82.2

81.1

80.0

79.2

78.3

77.5

76.7

62+5

82.8

81.7

80.6

79.6

78.8

77.9

77.1

62+6

83.3

82.2

81.1

80.0

79.2

78.3

77.5

62+7

83.9

82.8

81.7

80.6

79.6

78.8

77.9

62+8

84.4

83.3

82.2

81.1

80.0

79.2

78.3

62+9

85.0

83.9

82.8

81.7

80.6

79.6

78.8

62+10

85.6

84.4

83.3

82.2

81.1

80.0

79.2

62+11

86.1

85.0

83.9

82.8

81.7

80.6

79.6

Age 63

86.7

85.6

84.4

83.3

82.2

81.1

80.0

63+1

87.2

86.1

85.0

83.9

82.8

81.7

80.6

63+2

87.8

86.7

85.6

84.4

83.3

82.2

81.1

63+3

88.3

87.2

86.1

85.0

83.9

82.8

81.7

63+4

88.9

87.8

86.7

85.6

84.4

83.3

82.2

63+5

89.4

88.3

87.2

86.1

85.0

83.9

82.8

63+6

90.0

88.9

87.8

86.7

85.6

84.4

83.3

63+7

90.6

89.4

88.3

87.2

86.1

85.0

83.9

63+8

91.1

90.0

88.9

87.8

86.7

85.6

84.4

63+9

91.7

90.6

89.4

88.3

87.2

86.1

85.0

63+10

92.2

91.1

90.0

88.9

87.8

86.7

85.6

63+11

92.8

91.7

90.6

89.4

88.3

87.2

86.1

Age 64

93.3

92.2

91.1

90.0

88.9

87.8

86.7

64+1

93.9

92.8

91.7

90.6

89.4

88.3

87.2

64+2

94.4

93.3

92.2

91.1

90.0

88.9

87.8

64+3

95.0

93.9

92.8

91.7

90.6

89.4

88.3

64+4

95.6

94.4

93.3

92.2

91.1

90.0

88.9

64+5

96.1

95.0

93.9

92.8

91.7

90.6

89.4

64+6

96.7

95.6

94.4

93.3

92.2

91.1

90.0

64+7

97.2

96.1

95.0

93.9

92.8

91.7

90.6

64+8

97.8

96.7

95.6

94.4

93.3

92.2

91.1

64+9

98.3

97.2

96.1

95.0

93.9

92.8

91.7

64+10

98.9

97.8

96.7

95.6

94.4

93.3

92.2

64+11

99.4

98.3

97.2

96.1

95.0

93.9

92.8

Age 65

100.0

98.9

97.8

96.7

95.6

94.4

93.3

65+1

n/a

99.4

98.3

97.2

96.1

95.0

93.9

65+2

n/a

100.0

98.9

97.8

96.7

95.6

94.4

65+3

n/a

n/a

99.4

98.3

97.2

96.1

95.0

65+4

n/a

n/a

100.0

98.9

97.8

96.7

95.6

65+5

n/a

n/a

n/a

99.4

98.3

97.2

96.1

65+6

n/a

n/a

n/a

100.0

98.9

97.8

96.7

65+7

n/a

n/a

n/a

n/a

99.4

98.3

97.2

65+8

n/a

n/a

n/a

n/a

100.0

98.9

97.8

65+9

n/a

n/a

n/a

n/a

n/a

99.4

98.3

65+10

n/a

n/a

n/a

n/a

n/a

100.0

98.9

65+11

n/a

n/a

n/a

n/a

n/a

n/a

99.4

Age 66

n/a

n/a

n/a

n/a

n/a

n/a

100.0

2. Estimated Retirement Benefits with Dates of Birth after 1/1/1955

  • Find the column that applies to the claimant’s date of birth.

  • Go down to the age the claimant wishes to start benefits.

  • The number shown is the percentage of the PIA payable at that age. Other reductions and deductions may apply which may cause this amount to change.

If DOB =

1/2/55 Thru 1/1/56

1/2/56 thru 1/1/57

1/2/57 Thru 1/1/58

1/2/58 thru 1/1/59

1/2/59 thru 1/1/60

after 1/1/60

FRA =

66+2

66+4

66+6

66+8

66+10

67

If Benefits Start at:

 

 

 

 

 

 

Age 62

74.2

73.3

72.5

71.7

70.8

70.0

62+1

74.6

73.8

72.9

72.1

71.3

70.4

62+2

75.0

74.2

73.3

72.5

71.7

70.8

62+3

75.4

74.6

73.8

72.9

72.1

71.3

62+4

75.8

75.0

74.2

73.3

72.5

71.7

62+5

76.3

75.4

74.6

73.8

72.9

72.1

62+6

76.7

75.8

75.0

74.2

73.3

72.5

62+7

77.1

76.3

75.4

74.6

73.8

72.9

62+8

77.5

76.7

75.8

75.0

74.2

73.3

62+9

77.9

77.1

76.3

75.4

74.6

73.8

62+10

78.3

77.5

76.7

75.8

75.0

74.2

62+11

78.8

77.9

77.1

76.3

75.4

74.6

Age 63

79.2

78.3

77.5

76.7

75.8

75.0

63+1

79.6

78.8

77.9

77.1

76.3

75.4

63+2

80.0

79.2

78.3

77.5

76.7

75.8

63+3

80.6

79.6

78.8

77.9

77.1

76.3

63+4

81.1

80.0

79.2

78.3

77.5

76.7

63+5

81.7

80.6

79.6

78.8

77.9

77.1

63+6

82.2

81.1

80.0

79.2

78.3

77.5

63+7

82.8

81.7

80.6

79.6

78.8

77.9

63+8

83.3

82.2

81.1

80.0

79.2

78.3

63+9

83.9

82.8

81.7

80.6

79.6

78.8

63+10

84.4

83.3

82.2

81.1

80.0

79.2

63+11

85.0

83.9

82.8

81.7

80.6

79.6

Age 64

85.6

84.4

83.3

82.2

81.1

80.0

64+1

86.1

85.0

83.9

82.8

81.7

80.6

64+2

86.7

85.6

84.4

83.3

82.2

81.1

64+3

87.2

86.1

85.0

83.9

82.8

81.7

64+4

87.8

86.7

85.6

84.4

83.3

82.2

64+5

88.3

87.2

86.1

85.0

83.9

82.8

64+6

88.9

87.8

86.7

85.6

84.4

83.3

64+7

89.4

88.3

87.2

86.1

85.0

83.9

64+8

90.0

88.9

87.8

86.7

85.6

84.4

64+9

90.6

89.4

88.3

87.2

86.1

85.0

64+10

91.1

90.0

88.9

87.8

86.7

85.6

64+11

91.7

90.6

89.4

88.3

87.2

86.1

Age 65

92.2

91.1

90.0

88.9

87.8

86.7

65+1

92.8

91.7

90.6

89.4

88.3

87.2

65+2

93.3

92.2

91.1

90.0

88.9

87.8

65+3

93.9

92.8

91.7

90.6

89.4

88.3

65+4

94.4

93.3

92.2

91.1

90.0

88.9

65+5

95.0

93.9

92.8

91.7

90.6

89.4

65+6

95.6

94.4

93.3

92.2

91.1

90.0

65+7

96.1

95.0

93.9

92.8

91.7

90.6

65+8

96.7

95.6

94.4

93.3

92.2

91.1

65+9

97.2

96.1

95.0

93.9

92.8

91.7

65+10

97.8

96.7

95.6

94.4

93.3

92.2

65+11

98.3

97.2

96.1

95.0

93.9

92.8

Age 66

98.9

97.8

96.7

95.6

94.4

93.3

66+1

99.4

98.3

97.2

96.1

95.0

93.9

66+2

100.0

98.9

97.8

96.7

95.6

94.4

66+3

n/a

99.4

98.3

97.2

96.1

95.0

66+4

n/a

100.0

98.9

97.8

96.7

95.6

66+5

n/a

n/a

99.4

98.3

97.2

96.1

66+6

n/a

n/a

100.0

98.9

97.8

96.7

66+7

n/a

n/a

n/a

99.4

98.3

97.2

66+8

n/a

n/a

n/a

100.0

98.9

97.8

66+9

n/a

n/a

n/a

n/a

99.4

98.3

66+10

n/a

n/a

n/a

n/a

100.0

98.9

66+11

n/a

n/a

n/a

n/a

n/a

99.4

Age 67

n/a

n/a

n/a

n/a

n/a

100.0


To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0300615105
RS 00615.105 - Estimating Reduced Retirement Benefits - 01/09/2004
Batch run: 01/27/2009
Rev:01/09/2004