This means that people born between 6 October, 1954, and 5 April, 1960, will start receiving their pension on their 66th birthday.

What is my retirement age if I was born in 1954?

66
If you start receiving benefits at age 66 you get 100 percent of your monthly benefit. If you delay receiving retirement benefits until after your full retirement age, your monthly benefit continues to increase.

When can I retire if I was born in 1954?

You can start your Social Security retirement benefits as early as age 62, but the benefit amount you receive will be less than your full retirement benefit amount.

When did the full retirement age go up to 66?

The full retirement age further increases in two-month increments each year to 66 and 10 months for those born in 1959, up from 66 and 8 months for those with a birth year of 1958.

When do you get your full retirement benefits?

However, you are entitled to full benefits when you reach your full retirement age. If you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase. If you start receiving benefits early, your benefits are reduced a small percent for each month before your full retirement age .

What happens to your social security when you turn 66?

Link copied! You probably know you get a bump in monthly Social Security income for each year you delay benefits between ages 62 and 70. What you may not be aware of: all the goodies you can get on one birthday in that stretch—your 66th, which Social Security defines for now as “full retirement age” (FRA).

Is the state pension going up from 67 to 68?

However the timetable for the increase in the State Pension age from 67 to 68 could change as a result of a future review. Before any future changes could become law Parliament would need to approve the plans. There is more information about claiming the State Pension, and how to get a State Pension Statement, available here