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H.R. 5284 · House bill · 119th Congress
This bill changes certain terms that are used by the Social Security Administration (SSA) to describe the ages at which a worker may claim Social Security retirement benefits.
First, the SSA must use minimum monthly benefit age instead of early eligibility age. This refers to the earliest age (62 under current law) at which a worker may claim benefits. (Currently, the benefit amount of a worker who claims benefits early is reduced to account for the longer period during which the worker is expected to receive benefits.)
Second, the SSA must use standard monthly benefit age instead of full retirement age and normal retirement age. These terms refer to the age at which a worker may claim benefits without a reduction in the benefit amount. (Currently, this age ranges from 65 to 67, depending on the worker's year of birth.)
Finally, the SSA must use the term maximum monthly benefit age for any reference to age 70 as the maximum age at which a worker may receive delayed retirement credits. The SSA may not use the term delayed retirement credit. These terms refer to the mechanism that increases the benefit amount of a worker who delays claiming benefits after reaching the full retirement age. (Currently, a worker receives a credit for each month between the full retirement age and age 70 that the worker delays claiming benefits. Each credit increases the benefit amount that the worker will receive after claiming benefits by a specified percentage.)
This Act may be cited as the “Claiming Age Clarity Act”.
Not later than the later of the date that is 12 months after the date of enactment of this Act or January 1, 2027, the Commissioner of Social Security shall ensure that, in any rules, regulation, guidance, or other materials of the Social Security Administration, whether online or in print—
(1) the term early eligibility age is replaced with the term minimum monthly benefit age;
(2) the terms full retirement age and normal retirement age are replaced with the term standard monthly benefit age; and
(3) the term delayed retirement credit shall not be used and any reference to age 70 as the maximum age up to which delayed retirement credits can be received shall be replaced with the term maximum monthly benefit age.